Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 6

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 6
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or other foreign exchange. Recently, the PRC government initiated a series of regulatory actions affecting business operations in China
with little advance notice, including banning certain activities in the securities market, enhancing supervision over China-based companies
listed overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding
its efforts in anti-monopoly enforcement. The business of our subsidiaries until now has not been subject to cybersecurity review with
the Cyberspace Administration of China, or CAC, given that: (i) data processed in our business does not have a bearing on national security
and thus may not be classified as core or important data by the authorities; (ii) we have not yet approached the regulatory thresholds
for holding personal information in our business operations. In addition, we are not subject to merger control review by China’s
anti-monopoly enforcement agency due to the level of our revenues and the fact that we currently do not expect to propose or implement
any acquisition of control of, or decisive influence over, any company with revenues within China of more than RMB400 million. However,
since these regulatory actions are new, it is uncertain how soon legislative or administrative regulation making bodies will respond
and what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated, and the
potential impact such modified or new laws and regulations will have on our daily business operation, our ability to accept foreign investments
and our ability to list our securities on an U.S. or other foreign exchange.

We
intend to fund the growth of our business in large part by raising capital in Longduoduo through its sale of securities outside of the
PRC. The capital markets in the U.S. that we might access for financing will depend in large part on our ability to secure a listing
on Nasdaq, OTCQX or one of the registered securities exchanges. The Trial Administrative Measures adopted by the China Securities Regulatory
Commission (“CSRC”) on March 31, 2023 require that at the time we apply to an exchange (which for this purpose will include
Nasdaq, OTCQB or OTCQX), we must file an extensive application with the CSRC and await approval by CSRC of the listing. The CSRC has
indicated an intent to use these applications in order to protect the PRC from foreign control of (or significant influence over) important
Chinese businesses. We cannot determine what criteria the CSRC will apply for this