Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 132

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 132
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 our Board of Directors authorized and approved an amendment to the audit committee charter (the “Amended Audit Committee Charter”) pursuant to which the audit committee was given the responsibility of implementing the Company’s cybersecurity policy (the “Cybersecurity Policy”). The Amended Audit Committee Charter provides the members of the audit committee with authorization and authority to conduct continuous analysis of and review for any potential cybersecurity risks as part of the Company’s overall risk management program and to create a cyber-resilient organization, which will contribute to the value preservation of the Company. The Amended Audit Committee Charter further provides authority and responsibility to the members of the audit committee to: (i) understand the economic drivers and impact of cyber risk, including the financial impact to our Company; (ii) align cyber-risk management policies with our business needs by integrating cyber-risk analysis into significant business decisions; (iii) ensure our organizational structure supports cybersecurity goals; and (iv) incorporate cybersecurity expertise into Board governance. For additional information regarding our Cybersecurity Policy, please Item 16K of this Annual Report. Compensation Committee Our compensation committee consists of Mr. Kan, Ms. Pun and Mr. Chan, and it is chaired by Mr. Chan. We have determined that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The compensation committee assists the Board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which his or her compensation is deliberated. The compensation committee is responsible for, among other things:

| ● | reviewing and approving, or recommending to the Board for                                    
 its approval, the compensation for our chief executive officer and other executive officers; |

| ● | reviewing and recommending to the Board for determination       
 with respect to the compensation of our non-employee directors; |

| ● | reviewing periodically and approving any incentive compensation 
 or equity plans, programs or other similar arrangements; and    |

| ● | selecting a compensation consultant, legal counsel or other                                                      
 adviser only after taking into consideration all factors relevant to that person’s independence from management. |

Amended compensation committee charter.Effective July 26, 2024, our Board of Directors authorized and approved an amendment to the compensation committee charter (the “Compensation Committee Charter”) in which the compensation committee was given the responsibility of implementing the Company’s compensation recovery policy (the “Compensation Recovery Policy”). The Compensation Committee Charter provides the members of the compensation committee with authorization and authority to