Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 135

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 7
Chunk 135
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,809,000      48.09  
  Mr. Edwin Chun Yin Wong (2)                                      300,000         7.98  

  (1)      Except                                                                                                                                          

  (2)      Mr. Danny                                                                                                                                  

  (3)      Mr. To                                                                                                           

  (4)      Based                                                                                      

Declaration
of Cash Dividend

On
February 29, 2024, our Board of Directors declared a special cash dividend in the aggregate amount of $6,000,000 to be paid to all holders
of record of our outstanding Ordinary Shares as of March 11, 2024. As of March 31, 2024, $1,676,750 had been paid in cash, $3,922,795
had been fully settled by directly deducting the dividend amount from the amount due from the shareholders and $400,455 had not yet been
paid. The dividend was paid on March 12, 2024 to three shareholders of record (including CEDE and Co. as shareholder of record of 10,310,000
shares) based on 31,400,000 Ordinary Shares issued and outstanding. The $400,455 that had not been paid as of March 31, 2024 was paid
in cash on April 3, 2024. Each shareholder received approximately $0.19 per share.

Related
Party Transactions

We
have adopted an audit committee charter, which was amended on July 26, 2024, that requires the audit committee to review all related-party
transactions on an ongoing basis and that all such transactions be approved by the committee. During the fiscal years ended March 31,
2023, 2024 and 2025, we, including the Operating Subsidiary, entered into the following transactions with our related parties:

List
of Related Parties

  Name                                                                   Relationship                                                                                                                                         
  Mr. Danny Tze Ching Wong (“ Mr. Danny                                  Director, Chairman of the                                                                                                                            
  Mr. Edwin Chun Yin Wong (“ Mr. Edwin                                   Director and Chief Executive                                                                                                                         
  Ms. Lui Wai Fun (“ Ms. Lui”)                                           Spouse of Mr. Danny                                                                                                                                  
  Charm Vision Holdings Limited (“ Charm Vision”)                        A company owned as to 99.9%                                                                                                                          
  J-Long Group Limited (“ JLGL”)                                         A company owned as to 10%                                                                                                                            
  Mega Image Production Limited (“ Mega Image”)                          A company