Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 201

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 201
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 time of purchase and reevaluates the classifications at each balance sheet date. Investment in marketable debt securities are carried at fair value, with unrealized gains and losses, net of taxes, reported in other comprehensive income, with the exception of unrealized losses believed to be other-than-temporary which are recorded in the consolidated statements of operations. As of March 31, 2023 and 2024, investment in marketable debt securities were carried at fair value. Fair values of investment in marketable debt securities were estimated using quoted market prices and were classified as level 1 in the fair value hierarchy. In August 2017, the Company bought the bond — SOFTBANK 6.00% Perpetual Corp at the consideration of USD 200,400with no maturity date and the credit rating of bond is B+. In October 2022, the Company sold the bond and collected USD 188,490. Loss of USD 10,626was recognized from the sale of bonds with the amount of USD 9,091reclassified from other comprehensive income into earnings. F - 19 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 3. INVESTMENT IN MARKETABLE DEBT SECURITIES(cont.)

In January 2017, the Company
bought the bond — STANDARD CHARTERED PLC % Perpetual Corp at the consideration of USD with no maturity date
and the credit rating of the bond is BB-. In April 2023, the Company sold the bond and collected USD. Loss of USD was recognized
from the sale of bonds with the amount of USD reclassified from other comprehensive income into earnings.

In January 2017, the Company
bought the bond — BLUE SKYVIEW Co. Ltd % Perpetual Corp at the consideration of USD with no maturity date
and there was no credit rating of the bond.

At March 31, 2023 and
2024, the cost, net of allowance for credit losses, gross unrealized gains and losses and fair value of investment in marketable debt
securities were as follow:

| March 31, 2023    |     | Cost |         |     | Gross      
 Unrealized 
 Gains,     
 before tax |   |     | Gross      
 Unrealized 
 Losses,    
 before tax |      |   |     | Allowance  
 for