Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 35

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 35
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 June 2017. The CSL is the first PRC law that systematically lays out the regulatory requirements
on cybersecurity and data protection, subjecting many previously under-regulated or unregulated activities in cyberspace to government
scrutiny. The legal consequences of violation of the CSL include penalties of warning, confiscation of illegal income, suspension of
related business, winding up for rectification, shutting down the websites, and revocation of business license or relevant permits. In
April 2020, the Cyberspace Administration of China and certain other PRC regulatory authorities promulgated the Cybersecurity Review
Measures, which became effective in June 2020. Pursuant to the Cybersecurity Review Measures, operators of critical information infrastructure
must pass a cybersecurity review when purchasing network products and services which do or may affect national security. On July 10,
2021, the Cyberspace Administration of China issued a revised draft of the Measures for Cybersecurity Review for public comments (“Draft
Measures”), which required that, in addition to “operator of critical information infrastructure,” any “data
processor” carrying out data processing activities that affect or may affect national security should also be subject to cybersecurity
review, and further elaborated the factors to be considered when assessing the national security risks of the relevant activities, including,
among others, (i) the risk of core data, important data or a large amount of personal information being stolen, leaked, destroyed, and
illegally used or exited the country; and (ii) the risk of critical information infrastructure, core data, important data or a large
amount of personal information being affected, controlled, or maliciously used by foreign governments after listing abroad. The Cyberspace
Administration of China has said that under the proposed rules companies holding data on more than 1,000,000 users must now apply for
cybersecurity approval when seeking listings in other nations because of the risk that such data and personal information could be “affected,
controlled, and maliciously exploited by foreign governments,” The cybersecurity review will also investigate the potential national
security risks from overseas IPOs. We do not know what regulations will be adopted or how such regulations will affect us and the quotation
of our securities on the OTC Pink Market. In the event that the Cyberspace Administration of China determines that we are subject to
these regulations, quotation of our securities on the OTC may be prohibited and we may be subject to fines and penalties. We believe
that we will not be