Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 212

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 212
---
 deferred tax assets                                       |     |           |  79,626 |   |     |      |  91,971 |   |

As of March 31, 2023
and 2024, the Company had no unrecognized tax benefit.

15. CAPITAL STOCK

| (1) | Ordinary 
 Shares   |

We were incorporated as a Cayman
Islands business company under the laws of the Cayman Islands on July 25, 2022. At incorporation, we were authorized to issue a maximum
of shares consisting of ordinary shares, par value US$ each. By the adoption of the written resolutions of
the shareholders and written resolutions of the directors dated November 8, 2023, the Company’s authorized share capital was increased
to US$. On November 8, 2023, the Company effected a stock split whereby each issued and outstanding ordinary share were divided
into ordinary share. As a result of the share split, there were ordinary shares issued and outstanding, par value of US$
each. After Listing, there are additional ordinary shares issued and outstanding which in total ordinary shares issued
and outstanding as at 31 March 2024.

| (2) | Dividend declared |

On February 29,2024, the
Company’s Board of Directors declared a special cash dividend of an aggregate of USD million and payable on March 12, 2024. USD
was paid in cash, USD was fully settled by directly deducting the dividend amount from the amount due fromthe shareholders and USD was not yet settled as at March 31, 2024. Dividend declared but
not yet settled, is presented as dividends payable in the Consolidated balance sheet.

16. REVENUE AND SEGMENT INFORMATION The Company follows FASB ASC Topic 280, Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), Mr. Danny Tze Ching Wong, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance. The Company has primarily engaged in onesegment which is the provision of sales of goods. Much of the information provided in these consolidated financial statements is similar to, or the same as, that reviewed on a regular basis by the Company’s CODM. As a result, the Company operates and manages