Company: LDDD
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-042963
Chunk: 11

Company: Longduoduo Co Ltd
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 emphasis paragraph in its audit report for the year ended June 30,
2024. Although we cannot guarantee that we will continue to achieve profits in our operations, the initial results of the change in our
business plan have reduced our doubts concerning the ability of the Company to continue as a going concern.

B. Basis
of presentation

The accompanying
consolidated financial statements are expressed in U.S. Dollars and have been prepared on the accrual basis of accounting in accordance
with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

C. Principles
of consolidation

The consolidated
financial statements include the accounts of Longduoduo and its subsidiaries. All significant inter-company accounts and transactions
have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of these
subsidiaries.

Longduoduo’s
subsidiaries as of March 31, 2025 are listed as follows:

  Name  Place of Incorporation  Attributable equity interest %   Authorized capital    Longduoduo Company Limited  Hong Kong   100   HK$ 10,000   LDD Technology Limited  British Virgin Islands   100   US$ 100,000   LDDJK Hong Kong Limited  Hong Kong   100   HK$ 10,000   Beijing Julong Health Consulting Co., Limited  China   100     0   Beijing Yihua Health Consulting Co., Limited  China   100     0   Longduoduo Health Technology Company Limited  China   100     0   Inner Mongolia Qingguo Health Consulting Company Limited  China   90     0   Inner Mongolia Rongbin Health Consulting Company Limited  China   80     0   Inner Mongolia Chengheng Health Consulting Company Limited  China   80     0   Inner Mongolia Tianju Health Consulting Company Limited  China   51     0  

D. Use
of estimates

The preparation
of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and
the reported amounts of revenue and expenses during the reporting periods. Management makes these estimates using the best information
available at the time the estimates are made