Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 4

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 4
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 the ability of our company, our subsidiaries, or our consolidated VIEs by the PRC government, to transfer cash or assets. While the PRC laws and regulations do not currently have any material impact on transfers of cash from One and one Cayman to One and one HK or from One and one HK to One and one Cayman, the PRC government may, in the future, impose restrictions or limitations on our ability to transfer money out of Hong Kong, to distribute earnings and pay dividends to and from the other entities within our organization, or to reinvest in our business outside of Hong Kong. Such restrictions and limitations, if imposed in the future, may delay or hinder the expansion of our business outside of Hong Kong and may affect our ability to receive funds from One and one HK. See the risk factor “ We rely on dividends and other distributions on equity paid by the VIE to fund any cash and financing requirements we may have. To the extent cash or assets in our business are held in Hong Kong or by One and one HK, such funds or assets may not be available to fund operations or for other use outside of Hong Kong.” at page 20. The VIEs mainly conduct waste materials and scrap metal recycling and all of our revenues are received by the VIEs. One and one Cayman controls, through its intermediary holding company, One and one HK, 100% of the VIEs’ ownership interests and receive the economic benefits of the VIEs’ operations pursuant to the Contractual Arrangements. According to the Companies Ordinance of Hong Kong, a Hong Kong company may only make a distribution out of profits available for distribution. If One and one HK incurs debt on its own behalf in the future, the instruments governing such debt may restrict its ability to pay dividends to One and one Cayman. There are no restrictions regarding the transfer of cash between One and one HK and the VIEs. For the six months ended June30, 2024, and fiscal year ended December31, 2023 and 2022 and as of the date of this prospectus, we have not declared or paid dividends, nor has our subsidiary declared or paid any dividends or distributions to us. Furthermore, as of the date of this prospectus, no transfers, dividends, or distributions have been made among us, our subsidiaries, and the VIEs. Our board of directors has complete discretion on whether to distribute dividends, subject to applicable laws. Currently, we do not have any current plan to declare