Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 18

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 parties consists
of the following:

    Name of related party 
    December 31,  2024  
    June 30, 2024 
  
    Zhang Liang 
    $2,318  
    $2,233 
  
    Total 
    $2,318  
    $2,233 

Until November 29, 2023, Zhang Liang was the President
and Chairman of the Board of Longduoduo. Mr. Zhang Liang controls approximately 51% of Longduoduo’s issued and outstanding common
stock. These advances due to related parties are unsecured, repayable on demand, and bear no interest.

NOTE
6. INCOME TAXES

United
States

Longduoduo
is subject to the U.S. corporation tax rate of 21%.

Hong
Kong

Longduoduo
HK was incorporated in Hong Kong and is subject to Hong Kong profits tax. Longduoduo HK is subject to Hong Kong taxation on its activities
conducted in Hong Kong and income arising in or derived from Hong Kong. From year of assessment of 2019/2020 onwards, Hong Kong profits
tax rates are 8.25% on assessable profits up to HK$2,000,000, and 16.5% on any part of assessable profits over HK$2,000,000. The
Company did not have any income (loss) subject to the Hong Kong profits tax.

F-11

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND
DECEMBER 31, 2023

(UNAUDITED)

China

Longduoduo
Health Technology and subsidiaries are subject to a 25% standard enterprise income tax in the PRC. The Company accrued $106,576 and
$216,973 of PRC income tax for the six months ended December 31, 2024 and 2023. 

A summary of income (loss)
before income taxes for domestic and foreign locations for the three and six months ended December 31, 2024 and 2023 is as follows:

    For the Three Months Ended December 31, 

    2024  
    2023 
  
    United States 
    $(28,728) 
    $(102,