Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 136

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 136
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| (6) | Mr. Stephen Kan, Mr. Suen Wai and Mr. Nathaniel Chan were                                                                             
 appointed as independent non-executive directors effective with the closing of the IPO effective December 29, 2023. Mr. Suen resigned 
 from his position as an independent non-executive director effective April 2, 2024.                                                   |

| (7) | Ms. Pun was appointed as an independent non-executive director 
 effective April 2, 2024.                                       |

87 Compensation Recovery Policy As required pursuant to the listing standards of the Nasdaq Listing Rules, Rule 10D under the Exchange Act and Rule 10D-1 under the Exchange Act, the Compensation Committee of the Board of Directors has adopted a compensation recovery policy, also known as a clawback policy (the “Compensation Recovery Policy”), effective July 26, 2024. The Compensation Recover Policy comes into play in the event that the Company is required to restate its financial statements for any fiscal year, and requires the Company to recover the incremental portion of incentive-based compensation received by any officer that was in excess of the amount they would have received had their incentive compensation been determined based on the restated financial statements. Events requiring a restatement of financial statements would include the material noncompliance of the Company with any financial reporting requirements under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period. For additional information regarding our Compensation Recovery Policy, please refer to Exhibit 97.1 included in the Company’s Annual Report on Form 20-F for the year ended March 31, 2024. Equity Compensation Plan Information On June 17, 2024, our Board of Directors authorized and adopted a 2024 equity incentive plan (the “2024 Equity Incentive Plan”), providing a means by which the Company may attract and retain key personnel, and directors, officers, managers, employees, consultants and advisors of the Company could acquire and maintain an equity interest in the Company or be paid incentive compensation, strengthening their commitment to the welfare of the Company and aligning their interests with those of the Company’s shareholders. The 2024 Equity Incentive Plan provides for the reservation of 6,280,000 Ordinary Shares for allotment and issuance as fully paid and non-assessable pursuant