Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 15

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 15
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 of Hong Kong.
Such restrictions and limitations, if imposed in the future, may delay or hinder the expansion of our business outside of Hong Kong
and may affect our ability to receive funds from JLHK in Hong Kong. The promulgation of new laws or regulations, or the new interpretation
of existing laws and regulations, in each case, that restrict or otherwise unfavorably impact our ability to conduct our business could
require us to change certain aspects of our business to ensure compliance; decrease demand for our services; reduce revenues; increase
costs; require us to obtain more licenses, permits, approvals or certificates; or subject us to additional liabilities. To the extent
any new or more stringent measures are implemented, our business, financial condition and results of operations could be adversely affected
and our Ordinary Shares could decrease in value or become worthless.

Hong
Kong and the PRC’s legal systems are evolving and have inherent uncertainties that could limit the legal protection available to
you.

O ur
operations are mainly conducted in Hong Kong, a special administration region of China with its own governmental and legal system
that is independent from mainland China. As a result, Hong Kong has its own distinct rules and regulations.

As
one of the conditions for the handover of the sovereignty of Hong Kong to China, China had to accept some conditions such as Hong Kong’s
Basic Law before its return. The Basic Law ensured Hong Kong will retain its own currency, legal system, legislative system and people’s
rights and freedom for fifty years from 1997. This agreement and given Hong Kong the freedom to function in a high degree of autonomy.
Hong Kong is responsible for its own domestic affairs including, but not limited to, the judiciary and courts of last resort, immigration
and customs, public finance, currencies and extradition. Hong Kong continues to use the English common law system.

Some
international observers and human rights organizations have expressed doubts about the future of the relative political freedoms enjoyed
in Hong Kong and the PRC’s pledge to allow a high degree of autonomy in Hong Kong. They considered, for example, that the proposals
in Article 23 of the Basic Law in 2003 (which was withdrawn due to mass opposition) might have undermined autonomy. On June 10,
2014, Beijing released a new report asserting its authority over the territory. This ignited criticism from many people in Hong Kong,
who were of the view that the PRC leadership was reneging on its pledge to abide by the “one country, two systems”