Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 170

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 170
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 to receive benefits from Yoda Metal and DL Metal that could potentially be significant to Yoda Metal and DL Metal. Therefore, One and one HK is considered the primary beneficiary of Yoda Metal and DL Metal. Consequently, the financial results of Yoda Metal and DL Metal are consolidated into the financial statements of One and one HK in accordance with U.S. GAAP. F-15

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3.Variable Interest Entities (cont.) While the VIE structure allows for the consolidation of Yoda Metal and DL Metal, it also brings certain risks and uncertainties, and it is subject to significant scrutiny and could be impacted by regulatory changes including but not limited to: •Enforceability of the Contractual Arrangements under the applicable local laws •Potential changes in laws and regulations that could affect the enforceability of these arrangements •The ability of One and one HK to exercise control over Yoda Metal and DL Metal as anticipated Management regularly assesses the VIE arrangements to ensure compliance with existing laws and regulations and to evaluate any potential changes in circumstances that could affect the consolidation of the VIE entities. The following financial statement amounts and balances of the VIE were included in the accompanying consolidated financial statements after elimination of intercompany transactions and balances:

|                         |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Current assets          |     | $ |   10,007,675 |     | $ |   18,595,850 |
| Non-current assets      |     |   |   13,450,117 |     |   |   10,461,350 |
| Total assets            |     |   |   23,457,792 |     |   |   29,057,200 |
| Current liabilities     |     |   |    7,852,794 |     |   |   18,636,470 |
| Non-current liabilities |     |   |      548,679 |     |   |    1,001,110 |
| Total Liabilities       |     |   |    8,401,473 |     |   |   19,637,580 |
| Net assets              |     | $ |   15,056,319 |