Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 23

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 23
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 that is subject to foreign ownership limitations by China. Further,
we believe that we have robust disclosures relating to our operations in China, including the relevant risks noted in Chairman Gensler’s
statement. However, it is possible that the Company’s periodic reports and other filings with the SEC may be subject to enhanced
review by the SEC and this additional scrutiny could affect our ability to effectively raise capital in the United States.

In
response to the SEC’s July 30 statement, the China Securities Regulatory Commission (CSRC) announced on August 1, 2021, that “it
is our belief that Chinese and U.S. regulators shall continue to enhance communication with the principle of mutual respect and cooperation,
and properly address the issues related to the supervision of China-based companies listed in the U.S. so as to form stable policy expectations
and create benign rules framework for the market.” While the CSRC will continue to collaborate “closely with different stakeholders
including investors, companies, and relevant authorities to further promote transparency and certainty of policies and implementing measures,”
it emphasized that it “has always been open to companies’ choices to list their securities on international or domestic markets
in compliance with relevant laws and regulations.”

If
any new legislation, executive orders, tariffs, laws and/or regulations are implemented, if existing trade agreements are renegotiated
or if the U.S. or Chinese governments take retaliatory actions due to the recent U.S.-China tension, such changes could have an adverse
effect on our business, financial condition and results of operations, our ability to raise capital and the market price of our shares.

The
operations of our subsidiaries in China, as well as our financial operations in the U.S. to the extent that they affect our subsidiaries
in China, will be subject to a high level of control by the national and provincial bureaucracies in the PRC. Exercise by government
authorities of that control could significantly interfere with our ability to conduct our operations in the best interests of our company
and its shareholders, which could cause the value of our common stock to decline and limit or prevent our efforts to finance the operations
of our Chinese subsidiaries.

The
government of the PRC is highly bureaucratized, as are the provincial governments in China. Whereas the authority of agencies in the
U.S. government is restricted to a stated mandate by principles and regulations of administrative law, agencies of the PRC government
have broad authority to impose and administer regulations, and to collect information, as they deem in