Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 64

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 64
---
 2024

    (USD to RMB/
    USD to HKD)

    (USD to RMB/
    USD to HKD)

    Assets and
    liabilities
     
    period end
    exchange rate

    7.1672/7.8499

    7.2675/7.8081

    Revenue and expenses
     
    period weighted average

    7.2145/7.7895

    7.2107/7.8190

E.
Concentration of credit risk

The
Company maintains cash in state-owned banks in China. In China, the insurance coverage of each bank is RMB500,000 (approximately
USD$70,000). As of June 30, 2025 and 2024, the Company had $1,130,547 and $826,853 cash in excess of the insured amount, respectively.

For
each of the years ended June 30, 2025 and 2024, one customer accounted for 97.2% and 95.6% of revenue.

For
the years ended June 30, 2025 and 2024, the Company had two and three major suppliers, respectively, that accounted for over 10%
of its total cost of revenue.

    Year ended June 30, 2025  
    Year ended June 30, 2024 

    Cost of revenue  
    Percentage of Cost of revenue  
    Cost of revenue  
    Percentage of Cost of revenue 

    Supplier A 
    $29,666  
     33% 
    $57,358  
     33%
  
    Supplier B 
     38,502  
     42% 
     31,216  
     18%
  
    Supplier C 
     -  
     -  
     63,663  
     37%

F.
Cash and cash equivalents

Cash
consists of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. All highly liquid investments with original
stated maturity of three months or less are classified as cash and cash equivalents. Cash equivalents approximate or equal fair value
due to their short-term nature. The Company’s cash and cash equivalents consist of cash on hand and cash in bank as of June 30,
2025 and 2024.

F-9

LONGDU