Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 214

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 214
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1,021,495  
  Long-lived assets                                           
  — Hong Kong Trading                              2,553,768  
  — Vietnam Manufacturing                          1,654,002  
  Total Long-lived assets                          4,207,770  

18. CONTINGENCY AND COMMITMENTS

Contingencies

In the ordinary course of
business, the Company may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters.
The Company records contingent liabilities resulting from such claims, when a loss is assessed to be probable, and the amount of the
loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of March 31,
2025 and through the issuance date of these consolidated financial statements.

F-32

J-LONG GROUP LIMITED

19. RELATED PARTY TRANSACTIONS

The Company’s relationships
with related parties who had transactions with the Company are summarized as follows:

  Related Party                                            Relationship to the Company                                                                                                                           
  Mr. Danny Tze Ching Wong                                 Director, Chairman of the Board of Director and Controlling Shareholder                                                                               
  Mr. Edwin Chun Yin Wong                                  Director and Chief Executive Office, the son of Mr. Danny Tze Ching Wong                                                                              
  Ms. Lui Wai Fun                                          The spouse of Mr. Danny Tze Ching Wong                                                                                                                
  Guangdong Rongmian Accessories Technology Co., Ltd.      A company owned as to 40% by Mr. Wong Chun Yin Edwin                                                                                                  
  Jiaxing Newsole Reflective Material Co., Ltd.            A company owned as to 90% by New Sole (Shanghai) Technology Ltd, which is owned as to 33% by Mr. Danny Tze Ching Wong                                 
  New Sole (Shanghai) Technology Ltd                       A company owned as to 33% by Mr. Danny Tze Ching Wong                                                                                                 
  Charm Vision Holdings Limited                            A company 99.9% owned by Mr. Danny Tze Ching Wong                                                                                                     
  J-Long Group Ltd                                         A company owned as to 10% by Mr. Danny Tze Ching Wong and 90% by Mr. Edwin Chun Yin Wong                                                              
  Mega Image Production Limited                            A company owned as to 90.91% by Charm Vision Holdings Limited and 9.09% by Mr. Danny Tze Ching Wong                                                   
  Xsafe Limited                                            A company wholly owned by Mr. Danny Tze Ching Wong