Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 23

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 it is probable that a material loss has been incurred and the amount of the liability can be estimated,
then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential
material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent
liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

Loss contingencies
considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be
disclosed.

The Company
was not subject to any material loss contingency as of September 30, 2025 and June 30, 2025.

NOTE
9. STOCKHOLDERS’ EQUITY

On September 21, 2023, the Company filed with
the Nevada Secretary of State a Certificate of Change Pursuant to NRS 78.209. The Certificate of Change provided for a 1-for-10 reverse
split of the Registrant’s outstanding common stock effective at the close of business on September 26, 2023. The Certificate of
Change did not change the number of authorized shares of Common Stock, which remained 500,000,000 shares. No fractional shares were issued
in connection with the reverse stock split; any fractional shares that resulted from the reverse split were rounded up to the nearest
whole share. The accompanying financial statements have been adjusted to retroactively reflect this reverse stock split. 

Share
exchange under common control

On February 19, 2025, Longduoduo issued 10,020
shares of its common stock to the original shareholders of LDD, in exchange for 100% of the outstanding shares of LDD. This transaction
is treated as a corporate restructuring (reorganization) of entities under common control, as each of the entities have at all times been
under the control of Mr. Zhang Liang.

F-15

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

(UNAUDITED)

NOTE
10. BASIC AND DILUTED EARNINGS PER SHARE

Basic net
income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income
(loss) per share is