Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 128

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 128
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 | Exemption from Section 16 rules regarding sales of Ordinary                                                                               
 Shares by insiders, which will provide less data in this regard than shareholders of U.S. companies that are subject to the Exchange Act. |

| ● | Exemption from the Nasdaq rules applicable to domestic issuers                                                                         
 requiring disclosure within four business days of any determination to grant a waiver of the code of business conduct and ethics       
 to directors and officers. Although we will require Board approval of any such waiver, we may choose not to disclose the waiver in the 
 manner set forth in the Nasdaq rules, as permitted by the foreign private issuer exemption.                                            |

80 Furthermore, Nasdaq Rule 5615(a)(3) provides that a foreign private issuer, such as us, may rely on our home country corporate governance practices in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d), but we are required to comply with Nasdaq’s Notification of Noncompliance requirement (Rule 5625) and Voting Rights requirement (Rule 5640), and to have an audit committee that satisfies Rule 5605(c)(3), consisting of committee members that meet the independence requirements of Rule 5605(c)(2)(A)(ii). If we rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq, our shareholders may not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq. If we choose to do so, we may utilize these exemptions for as long as we continue to qualify as a foreign private issuer. Duties of Directors As a matter of Cayman Islands law, a director of a Cayman Islands company is in the position of a fiduciary with respect to the company and therefore it is considered that he owes the following duties to the company — a duty to act bona fide in the best interests of the company, a duty not to make a profit based on his or her position as director (unless the company permits him to do so) and a duty not to put himself in a position where the interests of the company conflict with his or her personal interest or his or her duty to a third party. A director of a Cayman Islands company owes to the company a duty to act with skill and care. It was previously considered that a director need not exhibit in the performance of his or her duties a greater degree of skill than may reasonably be expected from a person of his or her knowledge and experience. However