Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 38

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 38
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, 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 purpose. The regulations, therefore, create for our investors a risk that our efforts to finance our Chinese subsidiaries
by selling Longduoduo securities abroad will be restricted, delayed or eliminated by CSRC’s implementation of the listing requirements
in the Trial Administrative Measures. That risk, if realized, could prevent us from expanding our Chinese subsidiaries’s business,
which could reduce or eliminate the value of Longduoduo common stock.

25

If
Longduoduo common stock becomes listed on the OTCQB or an exchange, we will be required to obtain the approval of the PRC government
for a business combination, the issuance of our common stock, or maintaining our status as a publicly listed company outside China.

On
February 17, 2023, the CSRC promulgated the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies
(the “Trial Administrative Measures”), which took effect on March 31, 2023. On the same date, the CSRC published on CSRC’s
official website Supporting Guidance Rules No. 1 through No. 5, Notes on the Trial Administrative Measures, Notice on Administration
Arrangements for the Filing of Overseas Listings by Domestic Enterprises and relevant CSRC Answers to Reporter Questions or, collectively,
the “Guidance Rules and Notice.” The Trial Administrative Measures, together with the Guidance Rules and Notice, mandate
that issuers whose principal business activities occur in the PRC must, within three business days after filing with the offshore regulator
an application for an offshore offering or listing of securities on an exchange, submit to CSRC an application for review. The Trial
Administrative Measures apply to overseas securities offerings and/or listings conducted by companies incorporated in the PRC, PRC domestic
companies, and companies incorporated overseas with operations primarily in the PRC, indirect offerings. The Trial Administrative Measures
require (1) the filing of the overseas offering and listing plan by the PRC domestic companies with the CSRC under certain conditions,
(2) the filing by the underwriter with the CSRC under certain conditions and (3) the submission of an annual report to the CS