Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 118

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 118
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 Hong Kong corporate banking at Citi. He obtained a bachelor’s degree in science from the University of Southern California’s Marshall School of Business in May 2003. Resignation of Independent Director On March 25, 2024, our Board of Directors received the resignation of Suen To Wai from his positions as an independent non-executive director, the chairman of the audit committee and a member of the nominating and corporate governance and compensation committees of the Company. In his resignation, Mr. Suen stated that he was resigning for personal reasons and not as the result of any dispute or disagreement with the Company or the Board of Directors. 73 Family Relationships As of the date of this Annual Report, there are no family relationships among our executive officers or our Board of Directors, other than that of Mr. Danny Wong and Mr. Edwin Wong, who are father and son. Employment Agreements We have entered into employment agreements with Mr. Danny Wong, the chairman of our Board of Directors, and Mr. Edwin Wong, our Chief Executive Officer. Under these agreements, each of our executive officers is employed for an initial term of three years unless terminated earlier pursuant to the terms of the agreement. Upon expiration of the three-year term, the employment agreements will be automatically extended for successive three-year terms unless either party gives the other party a one month prior written notice to terminate the employment prior to the expiration of such 3-year term or unless terminated earlier pursuant to the terms of the agreement. We also may terminate employment for cause, at any time, without advance notice or remuneration, if the executive officer (i) commits a serious or persistent breach or non-observance of the terms and conditions of employment; (ii) is convicted of a criminal offense other than one which, in the opinion of the Board, does not affect his position as an employee of the Company; (iii) willfully disobeys a lawful and reasonable order; (iv) misconducts himself and such conduct is inconsistent with the due and faithful discharge of the executive’s material duties under the employment agreement; (v) is guilty of fraud or dishonesty; or (vi) is habitually neglectful in his duties. We may terminate an executive officer’s employment without cause upon one month’s advance written notice or by payment of one month’s salary in lieu of notice. In such case of termination by us, we will provide severance payments to the executive officer as expressly required by applicable law of the jurisdiction where the executive officer is based. The executive