Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 199

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 199
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 |      897,638 |
| Total      |                           | $ |     848,119 |     | $ |      897,638 |

10.Income Taxes The entities within the Company file separate tax returns in the respective tax jurisdictions in which they operate. Cayman Islands (“CI”) One and one Green Technologies. INC, an entity incorporated in CI, is not subject to tax on income or capital gains. Additionally, upon payments of dividends by the CI company to its respective shareholders, no CI withholding tax will be imposed. Hong Kong, SAC Our subsidiary, One and one International HK Limited, is a Hong Kong entity subject to the two -tierprofits tax rates system, which was introduced under the Inland Revenue (Amendment) (No. 3) Ordinance 2018 (the “Ordinance”) of Hong Kong, and applies for a year of assessment commencing on or after April 1, 2018. Under the two -tierprofit tax rates regime, the profits tax rate for the first HKD 2 million of assessable profits of a corporation will be subject to the lowered tax rate of 8.25% while the remaining assessable profits will be subject to the tax rate of 16.5%. In respect of dividends paid to One and one International HK Limited, under Hong Kong’s Foreign -sourcedIncome Exemption regime effective from January 1, 2023, income arising in or derived from a territory outside Hong Kong (such as dividends from the Company’s VIEs in the Philippines) received by a Hong Kong entity which is a multinational enterprise entity (“MNE entity”) carrying on business in Hong Kong may be regarded as specified foreign -sourcedincome which will be deemed to be sourced from Hong Kong and chargeable to profits tax, subject to certain exemptions. Prior to January 1, 2023, Hong Kong operated under a territorial source principle of taxation, where only income arising in or derived from Hong Kong was subject to profits tax. Under this regime, foreign -sourcedincome, such as dividends received from a non -HongKong source (from the Company’s VIE in the Philippines), was generally not subject to Hong Kong profits tax. In addition, payments of dividends from our Hong Kong subsidiary to its shareholder(s) are not subject to any Hong Kong withholding tax which remains unchanged both before and after January 1, 2023.

F-43

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONDENSED CONSOLID