Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 216

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 216
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and USD12,308for the year ended
March 31, 2023 and 2024, respectively. The leases agreement has been renewed during May 2024, the lease term istwo years, and the
monthly rent is USD718. As of March 31, 2024 and 2025, the Company recognized operating lease liabilities, including both current
and noncurrent portions, in the amount of USD9,062and USD9,031respectively, and the corresponding operating lease right-of-use assets
of USD8,815and USD 8,801 respectively, for carpark lease.

During October 2023, the
Company entered into three lease agreements with Everlink Enterprises Limited, which is wholly owned by Mr. Danny Tze Ching Wong,
for J-Long’s office and warehouse lease. The lease term is two years. We paid aggregate rent related to J-Long’s office
and warehouse was USD62,972and USD143,192for the year ended March 31, 2023 and 2024, respectively. Those lease agreements have
been renewed during May 2024, the lease term istwo years, and the monthly rent is USD5,460, USD1,399and USD1,494respectively. As
of March 31, 2024 and 2025, the Company recognized operating lease liabilities, including both current and noncurrent portions,
in the amount of USD79,077and USD105,063respectively, and the corresponding operating lease right-of-use assets of USD76,406and
USD102,399respectively, for J-Long’s office and warehouse lease.

  Rental income from related  

Mr. Danny
Tze Ching Wong was living in one of the properties which was owned by the Company. For the year ended March 31, 2025, the Company’s rental
income from related party was approximately USD64,103.

20. SUBSEQUENT EVENTS

The Company has
assessed all events from March 31, 2025, up through the date that these consolidated financial statements are available to be
issued, and unless disclosed below, there are not any material subsequent events that require recognition or disclosure in these
consolidated financial statements.

F-36

ITEM
19. EXHIBITS