Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 105

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 105
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 we currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments. If we determine to pay dividends on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our subsidiaries by way of dividend payments. JL is permitted under the laws of Cayman Islands and its memorandum and articles of association (as amended from time to time) to provide funding to its subsidiaries through loans or capital contributions. JLHK and Sun Choice are permitted under the laws of Hong Kong to provide funding to the Company through dividend distributions subject to certain statutory requirements of having sufficient profits. RESULTS OF OPERATIONS The following table sets forth a summary of the consolidated results of operations of the Company for the years indicated, both in absolute amount and as a percentage of its total revenues. For further information regarding the results of our operations, see our consolidated financial statements appearing elsewhere in this Annual Report.

|                                                                       |     | For the year ended 
 March 31,          |       2022 |   |     |     |       2023 |   |     |     |       2024 |   |
|:----------------------------------------------------------------------|:----|:-------------------|-----------:|:--|:----|:----|-----------:|:--|:----|:----|-----------:|:--|
|                                                                       |     | USD                |            |   |     | USD |            |   |     | USD |            |   |
| Revenues                                                              |     |                    | 38,292,412 |   |     |     | 38,292,397 |   |     |     | 28,378,669 |   |
| Cost of sales                                                         |     |                    | 29,436,421 |   |     |     | 28,253,752 |   |     |     | 21,581,411 |   |
| Gross profit                                                          |     |                    |  8,855,991 |   |     |     | 10,038,645 |   |     |     |  6,797,258 |