Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 218

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1B
Chunk 218
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 relief sought or expected to be sought.

If
the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability
can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates
that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the
nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

Loss
contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee
would be disclosed.

The
Company was not subject to any material loss contingency as of June 30, 2025 and 2024.

NOTE
9. STOCKHOLDERS’ EQUITY

On
September 21, 2023, the Company filed with the Nevada Secretary of State a Certificate of Change Pursuant to NRS 78.209. The Certificate
of Change provided for a 1-for-10 reverse split of the Registrant’s outstanding common stock effective at the close of business
on September 26, 2023. The Certificate of Change did not change the number of authorized shares of Common Stock, which remains 500,000,000
shares. No fractional shares were issued in connection with the reverse stock split; any fractional shares that resulted from the reverse
split were rounded up to the nearest whole share. The accompanying financial statements have been adjusted to retroactively reflect this
reverse stock split. 

Share
exchange under common control

On
February 19, 2025, Longduoduo issued 10,020 shares of its common stock to the original shareholders of LDD, in exchange for 100% of the
outstanding shares of LDD. This transaction is treated as a corporate restructuring (reorganization) of entities under common control,
as each of the entities have at all times been under the control of Mr. Zhang Liang.

F-16

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

NOTE
10. BASIC AND DILUTED EARNINGS PER SHARE

Basic net income per share is computed using
the weighted average number of common shares outstanding during the period.