Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 38

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 38
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uncertainty surrounding international trade disputes and the potential of their escalation to trade war and global recession could have
a negative effect on customer confidence, which could materially and adversely affect our business. We also may have access to fewer
business opportunities, and our operations may be negatively impacted as a result. In addition, the current and future actions or escalations
by either the United States or China that affect trade relations may cause global economic turmoil and potentially have a negative
impact on our markets, our business, or our results of operations, as well as the financial condition of our clients, and we cannot provide
any assurances as to whether such actions will occur or the form that they may take.

Risks Related to Doing Business in Vietnam

Geopolitical risks may have an adverse impact
on our business, financial condition and results of operations.

The social conditions and political stability
of Vietnam will have a direct impact on the feasibility in our operations in Vietnam. Our future business operations in Vietnam where
the economy and legal systems remain susceptible to risks associated with an emerging economy may be subject to higher geopolitical risks
than developed countries. Unexpected social and political events such as the social unrests in Vietnam targeting Chinese-related businesses,
and territorial and other disputes among neighboring countries in Asia may adversely affect the operations of our manufacturing site in
Vietnam. Any social and political unrest, which are beyond our control, may give rise to various risks, such as loss of employment and
safety and security risks to persons and properties and in turn adversely affect Vietnam economy. Any such event may in turn have an adverse
impact on our businesses, financial condition and results of operations.

The economy in Vietnam may be subject to
periods of high inflation which could materially and adversely affect our business, financial operation and results of operations and
growth prospects.

Government anti-inflation policies and a decline
in commodity and petroleum prices have led to a decrease in Vietnam’s inflation rate. While these inflation rates are lower than
rates of earlier years, there can be no assurance that the Vietnamese economy will not be subject to future periods of high inflation.
Should inflation in Vietnam increase significantly, our costs, including manufacturing costs, labor costs and transportation costs are
expected to increase. Furthermore, high inflation rates could have an adverse effect on Vietnam’s economic growth, business climate
and dampen consumer purchasing power. As a result, a high inflation rate in Vietnam could materially and adversely affect our business,
financial condition and results of operations and growth prospects.

Any downturn in Vietnam’s economy,