When I downgrade the Jserver version from Jserver 4.01 to Jserver 3.0, SAP is able to connect successfully.
Here are my findings B4J 9.80 + Jserver 4.01 ( with HTTPS) - Failure
B4J 9.80 + Jserver 4.01 ( without HTTPS) -Success
B4J 9.80 + Jserver 3.00 ( with/without HTTPS) -Success
B4J 9.30 + Jserver 3.00 ( with/without HTTPS) -Success