Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 172

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 172
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 of December31, 2023, the Company held a lower inventory balance compared to December31, 2022, reflecting a decrease of $9.2million. This reduction mainly includes a $7.3million decrease in raw materials, initially stocked up before year -end2022 in anticipation of significant sales in 2023. Following December31, 2022, a large portion of this inventory was used in production and subsequently sold, with the associated costs recognized in cost of goods sold. Near the end of 2023, Management decided not to replenish raw materials at previous levels due to anticipated market conditions, contributing to the $9.2million year -enddecrease in the inventory balance compared to the prior year. 6.Deferred offering costs Deferred offering costs consist of the following:

|                         |     | December 31, 
 2023         |        |     | December 31, 
 2022         |   |
|:------------------------|:----|:-------------|-------:|:----|:-------------|:--|
| Deferred offering costs |     | $            | 17,838 |     | $            | — |

7.Other receivables and current assets Other receivables and current assets consist of the following:

|                          |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:-------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid social insurance |     | $ |        1,113 |     | $ |          808 |
| Prepaid expenses         |     |   |      286,083 |     |   |      291,533 |
| Other receivables        |     |   |          180 |     |   |            — |
| Total                    |     | $ |      287,376 |     | $ |      292,341 |

F-17

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8.Property, plant, and equipment, net Property, plant, and equipment, net consist of the following:

|                                |     |   | December 31, 
         2023 |   |     |   | December 31, 
         2022 |   |
|:-------------------------------|:----|:--|-------------:|:--|:----|