Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 168

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 168
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$100,000 for our Ordinary Shares may be required to file IRS Form 926 (Return by a U. S. Transferor of Property
to a Foreign Corporation) reporting this payment. Substantial penalties may be imposed upon a U. S. Holder that fails to comply with
the required information reporting.

Dividends
on and proceeds from the sale or other disposition of our Ordinary Shares may be reported to the IRS unless the U. S. Holder establishes
a basis for exemption. Backup withholding may apply to amounts subject to reporting if the holder (i) fails to provide an accurate
U. S. taxpayer identification number or otherwise establish a basis for exemption, or (ii) is described in certain other categories
of persons. However, U. S. Holders that are corporations generally are excluded from these information reporting and backup withholding
tax rules.

Backup
withholding is not an additional tax. Any amounts withheld under the backup withholding rules generally will be allowed as a refund or
a credit against a U. S. Holder’s U. S. federal income tax liability if the required information is furnished by the U. S. Holder
on a timely basis to the IRS.

U. S. Holders
should consult their own tax advisors regarding the backup withholding tax and information reporting rules.

EACH
PROSPECTIVE INVESTOR IS URGED TO CONSULT ITS OWN TAX ADVISOR ABOUT THE TAX CONSEQUENCES TO IT OF AN INVESTMENT IN OUR ORDINARY SHARES
IN LIGHT OF THE INVESTOR’ S OWN CIRCUMSTANCES.

Prospective
investors should consult their professional advisers on the possible tax consequences of buying, holding or selling any Ordinary Shares
under the laws of their country of citizenship, residence or domicile.

Dividends
and Dividend Policy

A
special cash dividend in the approximate aggregate amount of $6.0 million was paid by the companies comprising our Group for the year
ended March 31, 2024. The dividend has been paid to our shareholders. Such dividend payments should not be considered as a guarantee
or indication that those companies will declare and pay dividends in such manner in the future or at all.

We
have adopted a dividend policy, according to which our Board of Directors shall take into account, among other things, the following
factors when deciding whether to propose a dividend and in determining the dividend amount: (a) operating and financial results; (b)
cash flow situation; (c) business conditions and strategies