Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 874

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1C
Chunk 874
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 Company’s
reporting currency, the US Dollar. Assets and liabilities are translated using the exchange rate at each reporting period end date. Revenue
and expenses are translated using weighted average rates prevailing during each reporting period, and stockholders’ equity (deficit)
is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated
other comprehensive income or expense.

Transactions
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing
at the dates of the transactions. Foreign currency exchange gains and losses resulting from these transactions are included in operations.

The
exchange rates used for foreign currency translation are as follows:

    For
    the Years Ended June 30,

    2025

    2024

    (USD to RMB/
    USD to HKD)

    (USD to RMB/
    USD to HKD)

    Assets and
    liabilities
     
    period end
    exchange rate

    7.1672/7.8499

    7.2675/7.8081

    Revenue and expenses
     
    period weighted average

    7.2145/7.7895

    7.2107/7.8190

E.
Concentration of credit risk

The
Company maintains cash in state-owned banks in China. In China, the insurance coverage of each bank is RMB500,000 (approximately
USD$70,000). As of June 30, 2025 and 2024, the Company had $1,130,547 and $826,853 cash in excess of the insured amount, respectively.

For
each of the years ended June 30, 2025 and 2024, one customer accounted for 97.2% and 95.6% of revenue.

For
the years ended June 30, 2025 and 2024, the Company had two and three major suppliers, respectively, that accounted for over 10%
of its total cost of revenue.

    Year ended June 30, 2025  
    Year ended June 30, 2024 

    Cost of revenue  
    Percentage of Cost of revenue  
    Cost of revenue  
    Percentage of Cost of revenue 

    Supplier A 
    $29,666  
     33% 
    $57,358  
     33%