Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 111

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1A
Chunk 111
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 PRC government has been pursuing
economic reform policies and transitioning to a market-oriented economy, there is no assurance that the government will continue to pursue
such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political
disruption, or other circumstances affecting the PRC’s political, economic and social conditions. Further, regulatory agencies
in China may periodically, and sometimes abruptly with little to no advance notice, change their enforcement practices. Therefore, prior
enforcement activity, or lack of enforcement activity, is not necessarily predictive of future actions. Our business could be adversely
affected by changes in PRC government policies, including but not limited to changes in policies relating to taxation, currency conversion,
imports and exports, and ownership of private enterprises.

Uncertainties
with respect to the PRC legal system, including uncertainties regarding the enforcement of laws, and sudden or unexpected changes in
laws and regulations in China could adversely affect us and limit the legal protections available to you and us.

Our
operating subsidiaries are incorporated under and governed by the laws of the PRC. The PRC legal system is based on written statutes.
Prior court decisions may be cited for reference but have limited precedential value. In 1979, the PRC government began to promulgate
a comprehensive system of laws and regulations governing economic matters in general, such as foreign investment, corporate organization
and governance, commerce, taxation and trade. As a significant part of our business is conducted in China, our operations are principally
governed by PRC laws and regulations. However, since the PRC legal system continues to evolve rapidly, the interpretations of many laws,
regulations and rules are not always uniform and enforcement of these laws, regulations and rules involves uncertainties, which may limit
legal protections available to us. Uncertainties due to evolving laws and regulations could also impede the ability of a China-based
company, such as our company, to obtain or maintain permits or licenses required to conduct business in China. In the absence of required
permits or licenses, governmental authorities could impose material sanctions or penalties on us. In addition, some regulatory requirements
issued by certain PRC government authorities may not be consistently applied by other PRC government authorities (including local government
authorities), thus making strict compliance with all regulatory requirements impractical, or in some circumstances impossible. For example,
our PRC subsidiary may have to resort to administrative and court proceedings to enforce the legal protection that we enjoy either