Company: YDDL
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001213900-25-079833
Chunk: 160

Company: One & one Green Technologies. INC
Filing Date: 2025-08-22
Form: F-1/A
Chunk 160
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 to suppliers. As of December31, 2024 and 2023, the Company did not have net VAT recoverable balance. When applicable, such balances are presented under “Other receivables and current assets” on the consolidated balance sheets. The tax is equivalent to a uniform rate of 12%, based on the gross selling price of goods or properties sold, or gross receipts from the sale of services. The Company has a VAT exemption on importation and export sales as VAT -registeredpersons are zero -rated. q)Segment reporting The Company operates and manages its business as a single segment and has one operating and reportable segment, trading of recycled scrap metals. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company’s Chief Executive Officer is the chief operating decision -maker(“CODM”). When making decisions about allocating resources and assessing the performance of the Company as a whole, the CODM review operating metrics and consolidated financial statements. Consequently, the Company has determined that it has only one reportable operating segment. r)Comprehensive income Comprehensive income includes all changes in equity from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. For the years presented, total comprehensive income included foreign currency translation adjustments. s)Earnings per share Earnings per share are computed in accordance with ASC 260. As of December31, 2024, the Company had 41,796,040 Class A ordinary shares and 10,203,960 Class B ordinary shares issued and outstanding at par value, respectively. As of December31, 2023, the Company had 52,000,000 ordinary shares issued and outstanding at par value, which is calculated on a retroactive basis to reflect the additional issuance of 32,000,000 ordinary shares at par value to existing shareholders on a pro rata basis. Holders of Class A ordinary shares and Class B ordinary shares have the same rights, except for voting and conversion rights. Each Class A ordinary share is entitled to one vote; and each Class B ordinary share is entitled to twenty votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any