Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 182

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 182
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 % |
| Supplier E  |     |           |  7 | % |     |      |  5 | % |     |      | 11 | % |

| 

# | Those suppliers are related to the Company |
As of March 31, 2024 and
2023, there were three and four suppliers which accounted for over 10% of the total consolidated accounts payable, respectively. The details
are as follows:

|             |     |     As of 
 March 31, |    |   |     |      |    |   |
|             |     |      2023 |    |   |     | 2024 |    |   |
| Supplier A  |     |           |  7 | % |     |      |  7 | % |
| Supplier B  |     |           | 18 | % |     |      | 13 | % |
| Supplier C

# |     |           | 10 | % |     |      | 32 | % |
| Supplier D

# |     |           | 34 | % |     |      |  9 | % |
| Supplier E  |     |           | 11 | % |     |      | 17 | % |

| 

# | Those suppliers are related to the Company |
F - 10 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.) Credit Risk Credit risk is the potential financial loss to the Company resulting from the failure of a customer or a counterparty to settle its financial and contractual obligations to the Company, as and when they fall due. As the Company does not hold any collateral, the maximum exposure to credit risk is the carrying amounts of accounts and other receivables (exclude prepayments), notes receivable, investment in marketable debt securities, due from related parties and cash and bank deposits and restricted cash presented on the consolidated statements of financial position. The Company has no other financial assets which carry significant exposure to credit risk. Interest Rate Risk The Company is exposed to interest rate risk primarily relates to the variable-rate bank loans and is mainly concentrated on the fluctuation of Hong Kong Prime Rate arising from the Company’s bank loans. The Company has not used any derivative instruments to mitigate its exposure associated with interest rate risk. Liquidity Risk Liqu