Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 181

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 181
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, 2023 AND 2022 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.)

Concentrations and risks

Concentration

Significant customers and suppliers
are those that account for greater than 10% if the Company’s revenue and purchase, respectively.

During the years ended
March 31, 2024, 2023 and 2022, there were no customer generated revenue which accounted for over 10% of the total revenue generated
for that year, respectively.

As of March 31, 2024 and 2023,
there were one and two customers which accounted for over 10% of the total consolidated accounts receivable, respectively. The details
are as follows:

|            |     |     As of 
 March 31, |    |   |     |      |    |   |
|            |     |      2023 |    |   |     | 2024 |    |   |
| Customer A |     |           | 15 | % |     |      |  4 | % |
| Customer B |     |           | 13 | % |     |      |  5 | % |
| Customer C |     |           |  1 | % |     |      | 24 | % |

For the years ended March 31,
2024, 2023 and 2022, there were , and suppliers which accounted for over 10% of the total purchases, respectively. The
details are as follows:

|             |     |     As of 
 March 31, |    |   |     |      |    |   |     |      |    |   |
|             |     |      2022 |    |   |     | 2023 |    |   |     | 2024 |    |   |
| Supplier A  |     |           | 10 | % |     |      | 11 | % |     |      |  8 | % |
| Supplier B  |     |           | 21 | % |     |      | 22 | % |     |      | 20 | % |
| Supplier C

# |     |           | 27 | % |     |      | 24 | % |     |      | 29 | % |
| Supplier D

# |     |           |  4 | % |     |      | 10 | % |     |      |  2 |