Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 14

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 14
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 different agencies or authorities, which may
result in inconsistency with our current policies and practices. Compliance with new laws, regulations and other government directives
in the PRC may also be costly, and such compliance, any associated inquiries or investigations or any other government actions may:

  delay                       

  result                                                  
  in negative publicity or increase our operating costs;  
 ──────────────────────────────────────────────────────────

  require                                         

  subject                                                                                                                              
  us to remedies, administrative penalties and even criminal liabilities that may harm our business, including fines assessed for our  
  current or historical operations, or demands or orders that we modify or even cease our business practices.                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

We
are aware that recently the PRC government initiated a series of regulatory actions and statements to regulate business operations in
certain areas in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing
supervision over China-based companies listed overseas using a VIE structure, adopting new measures to extend the scope of cybersecurity
review and expanding the efforts in anti-monopoly enforcement. Since these statements and regulatory actions are new, it is highly uncertain
how soon the PRC legislative or administrative regulation making bodies will respond, what existing or new laws or regulations or detailed
implementations and interpretations will be modified or promulgated, if any, or what potential impact any such modified or new laws and
regulations would have on our daily business operation or on our ability to accept foreign investments and list on a U. S. or other
foreign exchange.

The
PRC government may intervene or influence our operations at any time and may exert more control over offerings conducted overseas and
foreign investment in Hong Kong-based issuers, which may result in a material change in our operations and/or the value of our Ordinary
Shares. For example, there is currently no restriction or limitation under the laws of Hong Kong on the conversion of HK dollars
into foreign currencies and the transfer of currencies out of Hong Kong and the laws and regulations of the PRC on currency conversion
control do not currently have any material impact on the transfer of cash between the ultimate holding company and JLHK in Hong Kong.
However, the PRC government may, in the future, impose restrictions or limitations on our ability to move money out of Hong Kong
to distribute earnings and pay dividends to the other entities within our organization or to reinvest in our business outside