Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 156

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 156
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 by written consent by amendment to
its certificate of incorporation. Neither the Companies Act nor our Amended and Restated Articles of Association provide for shareholder
action by written consent.

Shareholder
Proposals

Neither
Cayman Islands law nor our Articles of Association allow our shareholders to requisition a shareholders’ meeting. As an exempted
Cayman Islands company, we are not obliged by law to call shareholders’ annual general meetings. However, our Articles of Association
require us to call such meetings every year.

Cumulative
Voting

Cumulative
voting potentially facilitates the representation of minority shareholders on a board of directors since it permits the minority shareholder
to cast all the votes to which the shareholder is entitled on a single director, which increases the shareholder’s voting power
with respect to electing such director. As permitted under Cayman Islands law, our Articles of Association do not provide for cumulative
voting.

Removal
of Directors

Under
our Articles of Association, directors may be removed by ordinary resolution.

Transactions
with Interested Shareholders

The
Delaware General Corporation Act contains a business combination statute applicable to Delaware corporations whereby, unless the corporation
has specifically elected not to be governed by such statute by amendment to its certificate of incorporation, it is prohibited from engaging
in certain business combinations with an “interested shareholder” for three years following the date that such person becomes
an interested shareholder. An interested shareholder generally is a person or a group who or which owns or owned 15% or more of the target’s
outstanding voting stock within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered
bid for the target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to
the date on which such shareholder becomes an interested shareholder, the Board of Directors approves either the business combination
or the transaction which resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware
corporation to negotiate the terms of any acquisition transaction with the target’s board of directors.

Cayman
Islands law has no comparable statute. As a result, we cannot avail ourselves of the types of protections afforded by the Delaware business
combination statute. However, although Cayman Islands law does not regulate transactions between a company and its significant shareholders,
it does provide that such transactions must be entered into bona fide in the best interests of the company and for a proper corporate