Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 85

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 85
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 located in Xinjiang and are staffed by employees with no raw materials being sourced from Xinjiang. We are confident that our supply chain management system would rebut the presumption that our products are tainted with forced or prison labor and therefore we do not anticipate any material or adverse effect on our business operations, financial position and results of operations from the UFLPA. The outbreak of war in Ukraine has affected global economic markets, including a dramatic increase in the price of oil and gas, and the uncertain resolution of this conflict could result in protracted and/or severe damage to the global economy. Russia’s military interventions in Ukraine have led to, and may lead to, additional sanctions being levied by the United States, the European Union and other countries against Russia and countries supporting Russia. Russia’s military incursion and the resulting sanctions could adversely affect global energy and financial markets and thus could affect our business and the businesses of our customers, even though we do not have any direct exposure to Russia or the adjoining geographic regions. The extent and duration of the military action, sanctions and resulting market disruptions are impossible to predict, but could be substantial. Any such disruptions caused by Russian military action or resulting sanctions may magnify the impact of other risks described herein. We cannot predict the progress or outcome of the situation in Ukraine, as the conflict and governmental reactions are rapidly developing and beyond our control. Prolonged unrest, intensified military activities or more extensive sanctions impacting the region could have a material adverse effect on the global economy. However, we do not anticipate that such activities will have a disproportionate material adverse effect on our operations, results of operations, financial condition, liquidity and business outlook because:

| ● | we have multiple sources for                                                                             
 raw materials and parts and are able to stockpile inventories in the event that we anticipate shortages; |

| ● | we do not anticipate challenges                                                            
 sourcing raw materials as none are sourced from Russia, Belarus, Ukraine or Western China; |

| ● | we have adequate sources of                      
 labor and do not anticipate labor shortages; and |

| ● | we are able to adjust our production                    
 capacity to meet surges or declines in consumer demand. |

Inflation As of the date of this Annual Report, we have not experienced significant inflationary pressures on material or labor costs negatively affecting our ongoing business. The national consumer price index increased by 0.2% in 2023 over the previous year, according to the National Bureau of Statistics of China. Although we have not been materially affected by inflation in the past, we may be