Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 146

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 146
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 time to time, make such calls as it thinks
fit upon the members in respect of any monies unpaid on the shares held by them respectively (whether on account of the nominal value
of the shares or by way of premium) and not by the conditions of allotment of such shares made payable at fixed times. A call may be
made payable either in one sum or by instalments. If the sum payable in respect of any call or instalment is not paid on or before the
day appointed for payment thereof, the person or persons from whom the sum is due shall pay interest on the same at such rate not exceeding
20% per annum as our Board of Directors shall fix from the day appointed for payment to the time of actual payment, but our Board of
Directors may waive payment of such interest wholly or in part. Our Board of Directors may, if it thinks fit, receive from any member
willing to advance the same, either in money or money’s worth, all or any part of the money uncalled and unpaid or instalments
payable upon any shares held by him, and in respect of all or any of the monies so advanced our Company may pay interest at such rate
(if any) not exceeding 20% per annum as our Board of Directors may decide.

If
a member fails to pay any call or installment of a call on the day appointed for payment, our Board of Directors may, for so long as
any part of the call or instalment remains unpaid, serve not less than 14 days’ notice on the member requiring payment of so much
of the call or instalment as is unpaid, together with any interest which may have accrued and which may still accrue up to the date of
actual payment. The notice shall name a further day (not earlier than the expiration of 14 days from the date of the notice) on or before
which the payment required by the notice is to be made and shall also name the place where payment is to be made. The notice shall also
state that, in the event of non-payment at or before the appointed time, the shares in respect of which the call was made will be liable
to be forfeited.

If
the requirements of any such notice are not complied with, any share in respect of which the notice has been given may at any time thereafter,
before the payment required by the notice has been made, be forfeited by a resolution of our Board of Directors to that effect. Such
forfeiture