Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 53

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 53
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astes. We hold the distinction of being one of the few legally operating entities in the Republic of the Philippines in this domain. We have the whole series of environmentally friendly devices and have complied with all governmental documentary requirements, including ECC, Permit to Operate, Discharge Permit, Import and Export Permit. In the Philippines, we are one of the few companies with complete licenses required for smelting of E -waste. As of December31, 2023, our workforce consisted of 106 employees, including 7 engineers. Electronic waste and metal scraps from local and abroad (Korea, Japan, Southeast Asia, Europe, USA etc.) are carefully segregated and processed in compliance with the existing environmental laws, rules and regulations. Our annual processing capacity is estimated to be around 300,000 tons. For the first quarter of 2024, as the construction of the new plant and office was completed, the Company relocated part of its production line and re -tunedsome equipment. The relocation and adjustment of equipment suspended the operation of the Company for 3months because some machines in critical condition were moved to the new plant, leading to an adverse effect on our performance in the first half of 2024. However, even though the Company experienced a partial cessation in the first quarter of 2024, it achieved recuperative unaudited revenue of $32.89million and an unaudited profit of $5.26million, respectively, after the interim date for the rest of the year. This recovery extended the whole -yearfigures to approximately 25% growth compared to the year 2023. 32 For the year 2025, the Company’s growth strategies will concentrate on geographically expanding into Southeast Asia and other international markets, establishing stable sources of raw materials from Japan and South Korea. We also expect to recruit an international business development team with well-rounded language skills and cultural expertise to strengthen our capabilities across Europe, America, and Asia . Factors Affecting Our Results of Operations Our business and results of operations are affected by Philippine’s overall economic conditions and political stability, especially the development of metal recycle industry, as well as the following company -specificfactors. Political and social instability. We primarily operate in the Philippines through our Philippines affiliated variable interest entities. The Philippines has, from time to time, experienced political and military instability, including acts of political violence. In the last two decades, there has been political instability in the Philippines, including extra -judicialkillings, alleged electoral fraud, impeachment proceedings against