Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 3

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 3
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 and investigations of audit firms based in China and Hong Kong. On December 15, 2022, the PCAOB
issued a new Determination Report which: (1) vacated the December 16, 2021 Determination Report; and (2) concluded that the PCAOB had
been able to conduct inspections and investigations completely in the PRC in 2022. The December 15, 2022 Determination Report cautions,
however, that authorities in the PRC might take positions at any time that would prevent the PCAOB from continuing to inspect or investigate
completely. As required by the HFCAA, if in the future the PCAOB determines it no longer can inspect or investigate completely because
of a position taken by an authority in the PRC, the PCAOB will act expeditiously to consider whether it should issue a new determination.
If the PCAOB is not able to fully conduct inspections of our auditor’s work papers in the PRC, our securities may be prohibited
from trading on a U.S. stock exchange or facility if our auditor is not inspected by the PCAOB for two consecutive years, and this ultimately
could result in our common stock being barred from listing in the United States, which would likely prevent our shareholders from being
able to sell their shares until the bar was lifted.

Longduoduo
recently engaged Bush & Associates CPA LLC as its independent auditor. Bush & Associates is headquartered in the State of Nevada.
The PCAOB is able to, and does, fully conduct inspections of our auditor’s work papers. There remains a risk, however, that the
government of the PRC might in the future impose restrictions on the communication of information to auditors or by auditors of issuers
whose operations are located within the PRC, in such a way that investors in the securities of such issuers do not receive the full benefit
of the audits. In that situation, it could occur that the SEC would bar trading platforms subject to U.S. jurisdiction from listing Longduoduo’s
securities for trading. Such an occurrence would be likely to cause the value of Longduoduo’s securities to diminish significantly.

3

Exposure
to restrictions on upstream distributions of profits

Longduoduo
is a Nevada holding company with no business operations of its own. We conduct our operations in China through seven subsidiaries. We
will rely on dividends paid by our principal PRC subsidiary to fund the cash requirements of Longduoduo, including the funds