Core Viewpoint - J-Long Group Limited reported strong financial results for the first half of fiscal year 2025, with significant revenue and adjusted EBITDA growth driven by robust customer demand and positive feedback on product developments [3][7]. Financial Performance - Revenue increased by approximately 19.3%, from approximately US$19.0 million for the six months ended September 30, 2024, to approximately US$22.7 million for the same period in 2025 [6][7]. - Adjusted EBITDA grew by approximately 40.3%, reaching approximately US$3.9 million for the six months ended September 30, 2025, compared to approximately US$2.8 million in the prior year [7][10]. - Net income attributable to ordinary shareholders was approximately US$2.3 million for both periods, indicating stability despite revenue growth [10][22]. Expenses and Income - Selling, general and administrative expenses rose by approximately 59.5%, from approximately US$2.9 million in 2024 to approximately US$4.6 million in 2025, primarily due to share-based awards [8]. - Other net income increased by approximately US$0.1 million, from approximately US$0.4 million in 2024 to approximately US$0.5 million in 2025, attributed to higher interest income [9]. Tax and Earnings Per Share - Income tax expense increased to US$0.7 million for the six months ended September 30, 2025, up from approximately US$0.5 million in the previous year, reflecting higher income before tax [10]. - Basic and diluted earnings per share decreased to approximately US$0.62 for the six months ended September 30, 2025, compared to US$0.74 for the same period in 2024 [11]. Liquidity and Capital Resources - As of September 30, 2025, the company had cash of US$11.4 million, total current assets of US$20.4 million, and total current liabilities of US$7.3 million, resulting in net current assets of US$13.1 million and a working capital ratio of 2.8 [12]. - Total assets amounted to US$25.7 million, with total liabilities of US$8.6 million, leading to total stockholder's equity of US$17.0 million and a gearing ratio of 6.2% [12]. Company Overview - J-Long Group Limited is a distributor in Hong Kong specializing in reflective and non-reflective garment trims, offering services such as market trend analysis, product design, and quality control [14].

Corporate Governance - The Company has amended its audit committee charter to include the responsibility of implementing the Cybersecurity Policy, effective July 26, 2024[503]. - The audit committee is tasked with reviewing the adequacy of the Company's internal controls and discussing any significant deficiencies with management[502]. - The Company has established procedures for handling complaints regarding accounting and auditing matters, ensuring confidential and anonymous submissions[502]. - The compensation committee is responsible for reviewing and approving the compensation structure for directors and executive officers, ensuring independence from management[505]. - The Company has adopted a written code of business conduct and ethics applicable to all directors and officers, promoting ethical behavior[516]. - The Company is classified as a "foreign private issuer," allowing it to comply with home country governance requirements instead of Nasdaq standards[511]. Compensation and Incentives - The Compensation Committee has adopted a Compensation Recovery Policy, effective July 26, 2024, requiring recovery of excess incentive-based compensation in the event of a financial restatement[524]. - The summary compensation for Mr. Danny Tze Ching Wong, Chairman, includes HK$6,500,000 salary and HK$4,000,000 bonus for the fiscal year 2025[519]. - The summary compensation for Mr. Edwin Chun Yin Wong, CEO, includes HK$5,200,000 salary and HK$2,000,000 bonus for the fiscal year 2025[519]. - The company authorized a 2024 Equity Incentive Plan reserving 628,000 Ordinary Shares for various equity awards to attract and retain key personnel[526]. - The company’s directors and senior management receive compensation based on their qualifications, positions, and seniority, with a focus on aligning incentives with Company goals[517]. Employee and Operational Metrics - The total number of full-time employees increased from 62 as of March 31, 2024, to 167 as of March 31, 2025, with significant growth in sales and marketing and production roles[528]. - The total contributions to the Mandatory Provident Fund (MPF) for the fiscal years ended March 31, 2025, and 2024 were approximately HK$662,482 and HK$771,429, respectively[536]. - The total contributions to the Vietnam Social Security (VSS) for the fiscal year ended March 31, 2025, amounted to approximately VND 550,590,760 (approximately US$21,792)[539]. - The company has not experienced any significant labor disputes or disruptions in operations during the fiscal years ended March 31, 2025, and 2024[531]. Financial Performance and Transactions - A special cash dividend of $6,000,000 was declared on February 29, 2024, with approximately $0.19 per share distributed to shareholders[545]. - Related party transactions included purchases of garment trims from Guangdong Rongmian totaling $7,773,382 in 2025, up from $5,853,973 in 2024[548]. - Rental payments to related parties for office and warehouse space amounted to $157,202 in 2025, down from $216,831 in 2024[550]. - The beneficial ownership of Ordinary Shares as of the date of the report shows Mr. Danny Tze Ching Wong holding 48.09% and Mr. Edwin Chun Yin Wong holding 7.98%[542]. Debt and Liabilities - As of March 31, 2025, the total bank borrowings amount to US$1,391,827, with a significant portion maturing in 2026 and 2027[554]. - The company recognized operating lease liabilities of US$159,090 for J-Long's office and warehouse as of March 31, 2025, with corresponding right-of-use assets of US$155,058[552]. - The largest amount outstanding due from Mr. Danny Wong was US$7,859,052 as of March 31, 2024, indicating significant related party transactions[555]. - The company has a loan from J-Long Trims Pte. Ltd. amounting to US$200,000 as of March 31, 2025, with an interest rate of 4%[559][560]. - The company has a mortgage with Hang Seng Bank Limited, with a balance of US$302,685 due by March 31, 2025[554]. Risk Management - As of March 31, 2024, 32% of total accounts receivable were due from the five largest customers, highlighting a concentration of credit risk[698]. - The company incurred losses from impairment of marketable debt securities amounting to US$42,291 for the year ended March 31, 2024[703]. - The company’s exposure to currency risk is primarily from cash and cash equivalents, accounts receivable, and accounts payable, which are denominated in multiple currencies[699]. - The company does not currently have a foreign currency hedging policy but monitors foreign exchange exposure[702]. Interest Rate Sensitivity - For the year ended March 31, 2023, a hypothetical increase of +250 bps in interest rates would result in a net interest income impact of $3,390 for the floating loan principal of $5,352,564[706]. - For the year ended March 31, 2024, a hypothetical increase of +250 bps in interest rates would lead to a net interest income impact of $3,649 for the floating loan principal of $4,224,359[706]. - For the year ended March 31, 2025, a hypothetical increase of +250 bps in interest rates would result in a net interest income impact of $2,542 for the floating loan principal of $4,224,359[706]. - A hypothetical decrease of -250 bps in interest rates would result in a net interest expense impact of $3,390 for the year ended March 31, 2023[706]. - A hypothetical decrease of -250 bps in interest rates would lead to a net interest expense impact of $3,649 for the year ended March 31, 2024[706]. - A hypothetical decrease of -250 bps in interest rates would result in a net interest expense impact of $2,542 for the year ended March 31, 2025[706].

Hong Kong, Nov. 22, 2024 (GLOBE NEWSWIRE) -- J-Long Group Limited (Nasdaq: JL), a Hong Kong based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced today that it will effect a share consolidation (“Reverse Stock Split”) of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 3, 2024 (the “Effective Time”), in order t ...

Executive Compensation - The Company reported a significant increase in executive compensation, with Mr. Danny Wong's total compensation rising to HK$4,827,600 in 2024, including a bonus of HK$5,000,000[435] - Mr. Edwin Wong's total compensation for 2024 was HK$3,633,000, which included a bonus of HK$3,000,000[435] - The compensation committee is responsible for reviewing and approving the compensation structure for directors and executive officers, ensuring independence from management[423] - The Board of Directors authorized bonuses for Mr. Danny Wong and Mr. Edwin Wong on March 5, 2024, in recognition of their contributions to the Company's expansion and revenue growth[435] - The 2024 Equity Incentive Plan reserves 6,280,000 Ordinary Shares for incentive compensation to attract and retain key personnel[440] Compensation Recovery Policy - The Company has adopted a Compensation Recovery Policy that mandates the recovery of excess incentive-based compensation in the event of a financial restatement[424] - The Compensation Recovery Policy, effective July 26, 2024, mandates recovery of excess incentive-based compensation if financial statements are restated due to material noncompliance[437] Cybersecurity and Risk Management - The audit committee has been tasked with implementing the Company's Cybersecurity Policy to enhance risk management and protect against potential cybersecurity threats[421] Corporate Governance - The Company has a nominating and corporate governance committee that evaluates board composition and governance principles[426] - The Company has established a Code of Business Conduct and Ethics applicable to all directors, officers, and employees[432] Employee and Labor Information - As of March 31, 2024, the total number of full-time employees increased to 62 from 57 in the previous year, with a notable increase in customer service staff from 13 to 16[442] - The company has not experienced any significant labor disputes or safety incidents that disrupted operations during the fiscal years ended March 31, 2024, and 2023[445] Financial Information - As of March 31, 2024, 32% of total accounts receivable were due from the five largest customers, up from 23% in the previous year[574] - Losses from impairment of investment in marketable debt securities for the fiscal years ended March 31, 2022, 2023, and 2024 were US$0, US$60,754, and US$42,291, respectively[578] - The notional principal amount of floating loans as of March 31, 2024, was US$4,224,359, with potential impacts on net interest income of +/- US$3,649 from a 250 bps change in interest rates[580] - Total contributions to the Mandatory Provident Fund for the fiscal years ended March 31, 2024, and 2023 were approximately HK$771,429 and HK$658,791, respectively[449] Foreign Currency and Credit Risk - The company does not have a foreign currency hedging policy but monitors foreign exchange exposure and will consider hedging if necessary[577] - Management does not expect any financial institutions to fail to meet their obligations, indicating a low credit risk exposure[573] Regulatory Classification - The Company is classified as a "foreign private issuer," allowing it to take advantage of certain exemptions from U.S. regulatory requirements[427] Compliance and Reporting - The Company has implemented procedures for handling complaints regarding accounting and auditing matters, ensuring compliance with applicable laws and regulations[417]

As filed with the Securities and Exchange Commission on December 15, 2023. Registration No. 333-275077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ J-Long Group Limited (Exact name of registrant as specified in its charter) ________________ Cayman Islands 5600 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification C ...

As filed with the Securities and Exchange Commission on December 7, 2023. Registration No. 333-275077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ J-Long Group Limited (Exact name of registrant as specified in its charter) ________________ Cayman Islands 5600 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Co ...

As filed with the Securities and Exchange Commission on November 21, 2023. Registration No. 333-275077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ J-Long Group Limited (Exact name of registrant as specified in its charter) ________________ Cayman Islands 5600 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification C ...

As filed with the Securities and Exchange Commission on November 9, 2023. Registration No. 333-275077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Virginia Tam K&L Gates 44/F, Edinburgh Tower, The Landmark 15 Queen's Road Central, Hong Kong +852 2230 3535 Mengyi Jason Ye, Esq. Yarona L.Yieh, Esq. Ortoli Rosenstadt LLP 366 Madison Avenue, 3 rd Floor New York, NY 10017 +1 (212) 588-0022 Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________ ...

As filed with the Securities and Exchange Commission on October 18, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ Approximate date of commencement of proposed sale to public: As soon as practicable after this registration statement becomes effective. J-Long Group Limited (Exact name of registrant as specified in its charter) ________________ | Cayman Island ...