Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 27

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 27
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. S. stock exchanges if our auditor cannot be inspected by the PCAOB for three
consecutive years, and this ultimately could result in our Ordinary Shares being delisted.

On
June 22, 2021, the U. S. Senate passed the Accelerating Holding Foreign Companies Accountable Act, which, if enacted, would
amend the HFCA Act and require the SEC to prohibit an issuer’s securities from trading on any U. S. stock exchanges if its
audit work cannot be inspected when its auditor is subject to PCAOB inspections for two consecutive years instead of three and, thus,
would reduce the time before our Ordinary Shares may be prohibited from trading or delisted.

On
September 22, 2021, the PCAOB adopted a final rule implementing the HFCA Act, which provides a framework for the PCAOB to use when
determining, as contemplated under the HFCA Act, whether the PCAOB is unable to inspect or investigate completely registered public accounting
firms located in a foreign jurisdiction in connection with their audit works because of a position taken by one or more authorities in
that jurisdiction.

On
November 5, 2021, the SEC approved the PCAOB’s Rule 6100, Board Determinations Under the HFCA Act. Rule 6100 provides
a framework for the PCAOB to use when determining, as contemplated under the HFCA Act, whether it is unable to inspect or investigate
completely registered public accounting firms located in a foreign jurisdiction because of a position taken by one or more authorities
in that jurisdiction.

On
December 16, 2021, the PCAOB issued a report on its determinations that it was unable to inspect or investigate completely PCAOB-registered
public accounting firms headquartered in mainland China and in Hong Kong, because of positions taken by PRC authorities in those
jurisdictions. In addition, the PCAOB’s report identified the specific registered public accounting firms which are subject to
these determinations. Our registered public accounting firm, ZH CPA, LLC is not headquartered in mainland China or Hong Kong and
was not identified in this report as a firm subject to the PCAOB’s determination.

On
August 26, 2022, the SEC issued a statement announcing that the PCAOB signed a Statement of Protocol with the CSRC and the Ministry
of Finance of the PRC, governing inspections and investigations of audit firms based in mainland China and Hong Kong. Pursuant to the
Statement of Protocol, the PCAOB