Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 127

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 127
---
 an employment agreement with Mr. Edwin Wong, our Chief Executive Officer, dated July 22, 2024 (the “CEO Employment Agreement”). The CEO Employment Agreement provides for a base monthly salary of HK$400,000 and bonuses at the discretion of the Board. Under the CEO Employment Agreement, Mr. Edwin Wong is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan, travel/holiday plan and share incentive plan, if one is adopted and maintained by the Company. Copies of the CEO Employment Agreement and the Chairman Employment Agreement have been filed as Exhibits 4.17 and 4.18, respectively, to this Annual Report. Independent Director Agreements We have also entered into agreements with all of our independent directors whereby Messrs. Stephen Kan and Nathaniel Chan’s service began on December 29, 2023 and Ms. Alice Pun’s service began on April 2, 2024 (collectively, the “Independent Director Agreements”). The terms of appointment continue until the independent director’s successor is duly elected or appointed and qualified or until the independent director’s earlier death, disqualification, resignation or removal from office (the “Expiration Date”). 79 Pursuant to the Independent Director Agreements, each independent director acknowledged that appointment to the Board was contingent upon the Board’s determination that such independent director was “independent” with respect to the Company, as such term is defined by Rule 5605 of the Nasdaq Stock Market’s Listing Rules and any other applicable rules, and that such independent director may be removed from the Board in the event that the independent director does not maintain such independence. Each of the independent directors further acknowledged and agreed that the acceptance, directly or indirectly, of any consulting, advisory or other compensatory fee, other than for Board service, from the Company or any subsidiary thereof would impair such director’s independence, and such independent director agreed not to accept any such fees. The Independent Director Agreements also contain provisions pertaining to conflicts of interest and corporate opportunities and a confidentiality provision whereby each director agrees to keep any confidential information, as defined therein, strictly confidential. Other than as disclosed above, none of our directors has entered into a service agreement with our Company or any of our subsidiaries that provides for benefits upon termination of employment. Indemnification Agreements We have entered into indemnification agreements with each of our executive directors, executive officers and