Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 209

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 209
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 amount of USD
and USD nil respectively, and the corresponding operating lease right-of-use assets of USD and USD nil respectively, for J-Long’s
office and warehouse lease.

During January 2023, the
Company entered into a lease agreement with Charm Vision Holdings Limited, which is % owned by Mr. Danny Tze Ching Wong, for
the carpark. The lease term is two years. We paid aggregate rent related to carpark was USD and USD for the year ended
March 31, 2023 and 2024, respectively. The leases agreement has been renewed during May 2024, the lease term is , and the
monthly rent is USD. As of March 31, 2023 and 2024, the Company recognized operating lease liabilities, including both current
and noncurrent portions, in the amount of USD and USD respectively, and the corresponding operating lease right-of-use assets
of USD and USD respectively, for carpark lease.

F - 33 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

During October 2023, the Company
entered into three lease agreements with Everlink Enterprises Limited, which is wholly owned by Mr. Danny Tze Ching Wong, for J-Long’s
office and warehouse lease. The lease term is two years. We paid aggregate rent related to J-Long’s office and warehouse was
USD and USD for the year ended March 31, 2023 and 2024, respectively. Those lease agreements have been renewed during
May 2024, the lease term is , and the monthly rent is USD, USD and USD respectively. As of March 31, 2023
and 2024, the Company recognized operating lease liabilities, including both current and noncurrent portions, in the amount of USD
and USD respectively, and the corresponding operating lease right-of-use assets of USD and USD respectively, for J-Long’s
office and warehouse lease.

| j. | Rental income from related party |

Mr. Danny Tze Ching Wong was living in one of the properties which was held by the Company. For the year ended March 31, 2024, the Company’srental
income from related party was approximately USD 76,923.

| k. | Dividend payable to related party |

As at March 31, 2024, there are