Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 64

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 64
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 located in the Philippines where Philippine peso (“PHP”) is the functional currency, and its subsidiary located in Hong Kong where Hong Kong dollar (“HKD”) is the functional currency. Transactions denominated in foreign currencies are re -measuredinto the functional currency at the exchange rates prevailing on the transaction dates. Monetary assets and liabilities denominated in foreign currencies are re -measuredat the exchange rates prevailing at the balance sheet date. Non -monetaryitems that are measured in terms of historical cost in foreign currency are re -measuredusing the exchange rates at the dates of the initial transactions. Exchange gains and losses are included in the consolidated statements of comprehensive income.

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For entities which are located in the Philippines and have the functional currency as PHP, the financial statements are translated from their respective functional currencies into US$. Assets and liabilities are translated using the exchange rate at each balance sheet date’s period end rate. Revenue and expenses are translated using average rates prevailing during each reporting period, and shareholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in shareholders’ equity. Exchange rate used for the translation as follows:

| US$ to PHP        
 June 30, 2024     
 December 31, 2023 |     | Period End 
   58.60300 
   55.40000 |     | Average Rate 
     56.83297 
     55.61763 |
|:------------------|:----|-----------:|:----|-------------:|
| June 30, 2023     |     |   55.44000 |     |     55.21845 |
| December 31, 2022 |     |   55.68000 |     |     54.50443 |

No representation is intended to imply that the PHP amounts could have been, or could be, converted, realized or settled into US$ at that rate on June30, 2024 and December 31, 2023, or at any other rate. c)Accounts receivable, net The Company records accounts receivable at net realizable value consisting of the carrying amount less an allowance for credit losses. An estimate for the allowance for credit losses is discussed below in “Credit Losses on Financial Instruments”. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. d)Credit Losses on Financial Instruments The Company early adopted AS