J-Long Group Consolidates Shares 1-for-10

TL;DR

J-Long Group just did a 1-for-10 share consolidation effective Dec 5th.

AI Summary

J-Long Group Limited announced on December 5, 2024, the effective time of a share consolidation. The company's ordinary shares were consolidated on a 1-for-10 basis, meaning every ten issued ordinary shares were combined into one new ordinary share. This consolidation took effect at 4:00 p.m. Eastern Time on December 5, 2024.

Why It Matters

This share consolidation can impact the stock's trading price and potentially make it more attractive to institutional investors by increasing the per-share price.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a share consolidation, which is a common corporate action with no immediate negative financial implications.

Key Numbers

• 1-for-10 — Share Consolidation Ratio (Every ten existing shares were combined into one new share.)

Key Players & Entities

• J-Long Group Limited (company) — Registrant
• December 5, 2024 (date) — Effective date of share consolidation
• 1-for-10 (ratio) — Share consolidation ratio
• Edwin Chun Yin Wong (person) — Chief Executive Officer and Company Contact Person

FAQ

Key Financial Figures

• $1.00 b — r to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq

Filing Documents

• ea0224031-6k_jlong.htm (6-K) — 12KB
• ea022403101ex99-1_jlong.htm (EX-99.1) — 8KB
• ex99-1_001.jpg (GRAPHIC) — 8KB
• 0001213900-24-106626.txt ( ) — 33KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For December 5, 2024 Commission File Number: 001-41901 J-LONG GROUP LIMITED (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporation or organization) Flat F, 8/F, Houston Industrial Building 32-40 Wang Lung Street, Tsuen Wan New Territories, Hong Kong (Address of principal executive offices) Edwin Chun Yin Wong, Chief Executive Officer Telephone: +852 3693 2110 Email: edwin.wong@j-long.com Flat F, 8/F, Houston Industrial Building 32-40 Wang Lung Street, Tsuen Wan New Territories, Hong Kong (Name, Telephone, email and/or fax number and address of Company Contact Person) Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F PRESS RELEASE ANNOUNCING THE EFFECTIVE TIME OF SHARE CONSOLIDATION (REVERSE STOCK SPLIT) J-Long Group Limited, a Cayman Islands exempt company (the “Corporation” or “JL”), issued a press release on December 5, 2024, announcing 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 9, 2024 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company’s Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 10, 2024, under the existing ticker symbol “JL.” Exhibits 99.1 Press Release dated December 5, 2024, announcing the effective date for the Company’s 1:10 Share Consolidation (Reverse Stock Split) 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. J-LONG GROUP LIMITED (Registrant) Date: December 9, 2024 By: /s/ Wong, Edwin Chun Yin Edwin Chun Yin Wong, Chief Executive Officer 2

View Full Filing

View this 6-K filing on SEC EDGAR