Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 76

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 76
---

to Nasdaq Listing Rule 5810(c)(3)(A), we had a compliance period of 180 calendar days from the date of the Nasdaq Notification, or until
November 11, 2024 to regain compliance with the Minimum Bid Requirement Listing Rule. If at any time before November 11, 2024, the closing
bid of our Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, we will be deemed to have regained compliance
with the Minimum Bid Requirement Listing Rule following which Nasdaq will provide a written confirmation of compliance and the matter
will be closed.

On
January 6, 2025, we received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that the Company
has regained compliance with Nasdaq’s Minimum Bid Requirement Listing Rule, and the Company is therefore in compliance with the
Nasdaq Capital Market’s listing requirements. Accordingly, the Company’s ordinary shares will continue to be listed on The
Nasdaq Capital Market and Nasdaq considers the matter closed.

J-Long Trims Vietnam
Co., Ltd.

J-Long Trims Vietnam
Co., Ltd. Set upOn May 27, 2024, J-Long Trims Vietnam Co., Ltd (“ JLVN”) was incorporated as a company with limited liability
under the laws of Vietnam. JLHK is the parent company of JLVN with 51% controlling stake and J-Long Trims Pte. Ltd is the non-controlling
shareholder of JLVN with 49% controlling stake. JLVN is our operating subsidiary engaged in business operations in Vietnam.

Reverse Stock Split

On November 15, 2024, our shareholders approved a share consolidation
(reverse stock split) of the Company at a ratio ranging from 1-for-1.5 to 1-for-10 ordinary shares, as a result of which the Company’s
authorized share capital was changed to US$51,000 divided into136,000,000 Ordinary Shares with a par value of US$0.000375 each. Immediately
after such reverse stock split, the issued share capital of the Company became US$1,178 divided into 3,140,000 Ordinary Shares with a
par value of US$0.000375 each, all of which were fully paid. The reverse stock split took effect on the Company’s Ordinary Shares
as at open of trading on December 10, 2024.

Organizational