Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 31

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 31
---
 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.

21

However,
the recent developments would add uncertainties to our situation and we cannot assure you whether regulatory authorities would apply
additional and more stringent criteria to us after considering the effectiveness of our auditor’s audit procedures and quality
control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or experience as it relates to
the audit of our financial statements. It remains unclear what the SEC’s implementation process related to the June 2021 interim
final amendments will entail or what further actions the SEC or the PCAOB will take to address these issues and what impact those actions
will have on U.S. companies that have significant operations in the PRC and have securities listed on a U.S. stock exchange (including
a national securities exchange or over-the-counter stock market). In addition, the June 2021 interim final amendments and any additional
actions, proceedings, or new rules resulting from these efforts to increase U.S. regulatory access to audit information could create
some uncertainty for investors, the market price of our common stock could be adversely affected, and we could be delisted if we and
our auditor are unable to meet the PCAOB inspection requirement or being required to engage a new audit firm, which would require significant
expense and management time.   

Restrictions
contained in Chinese law on the ability of overseas securities regulators to collect information in China may deny investors in our Company
the benefits of U.S. securities regulation.

China
has often restricted U.S. regulators’ access to information and limited regulators’ ability to investigate or pursue remedies
with respect to China-based issuers, generally citing to state secrecy and national security laws, blocking statutes, or other laws or
regulations. In addition, according to Article 177 of the PRC Securities Law, which became effective in March 2020, no overseas securities
regulator can directly