Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 3

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 3
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 dollars. ii PART I ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS Not Applicable ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable ITEM 3. KEY INFORMATION A. DISCLOSURES REGARDING HAVING OUR OPERATIONS IN HONG KONG

| ● | We                                                                                                                                    
 are not a Hong Kong operating company but a holding company organized under the laws of the Cayman Islands with all of our operations 
 conducted by J-Long Limited (“JLHK” or our “Operating Subsidiary”), which is located in Hong Kong. Our principal                      
 executive offices are also located in Hong Kong. Hong Kong is a special administrative region of the People’s Republic of China       
 (“China” or “PRC”) and the basic policies of the PRC regarding Hong Kong are reflected in Hong Kong’s                                 
 Basic Law. Due to the long-arm provisions under the current PRC laws and regulations, the PRC government may exercise significant     
 oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could   
 result in a material change in our operations and/or the value of our Ordinary Shares.                                                |

Our Ordinary Shares are shares of the Company, a Cayman Islands holding company, and not shares of our Operating Subsidiary. Our investors will not directly hold equity interests in our Operating Subsidiary. See “Item 3. Key Information. D. Risk Factors. Risks Related to Doing Business in Hong Kong - All of our operations are in Hong Kong, a special administrative region of the PRC. Due to the long-arm provisions under the current PRC laws and regulations, the PRC government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our Ordinary Shares. The PRC government may intervene or impose restrictions on our ability to move money out of Hong Kong to distribute earnings and pay dividends or to reinvest in our business outside of Hong Kong. Changes in the policies, regulations and rules, and the enforcement of laws of the PRC government may also be quick with little advance notice and our assertions and beliefs of the risk imposed by the PRC legal and regulatory system cannot be certain” below.

On December 16, 2021, the PCAOB issued a Determination Report (the “Determination Report”), which found that the PCA