Company: YDDL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001213900-25-062908
Chunk: 83

Company: One & one Green Technologies. INC
Filing Date: 2025-07-11
Form: F-1/A
Chunk 83
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 years. This new facility is designed as an additional processing center, specifically for the recycling of lithium batteries. According to the International Energy Agency (IEA), global sales of electronic vehicles (EVs) exceeded 17 million in 2024, with a Compound Annual Growth Rate (CAGR) of 30%. Consequently, the first generation of lithium batteries is reaching the end of its usage life. As the market for EVs grows and the batteries from those vehicles reach the end -of -lifestage, we foresee significant opportunities growth in the lithium battery recycling market. Our Customers Our sales contracts mainly consist of master sales agreements, purchase orders which may be governed by master sales agreements, and all other agreements with customers that can be written, oral, or implied by an entity’s customary business practices. These agreements are signed between the Company and the customer and come into force after signing or stamping by both parties. The contracts clearly specify each party’s rights regarding the goods to be transferred, including product name, specifications, unit price, weight, delivery terms, and other details. The payment terms are specified in each contract, including the amounts and settlement methods. Typically, the credit term is within six months; however, they may be extended for customers involved in large projects. The Company recognizes revenue at the point of delivery in accordance with “Cost and Freight” (CFR) terms, whereby the Company is responsible for the costs of shipment. Our client base consists of long -term, cooperative importers located in China and other regions. To date, we have worked with nine principal importers across two provinces in China and Hong Kong. 55

For the fiscal year ended December31, 2024, we had three major customers, who accounted for more than 10% of our total revenues. Their respective percentage of our total revenues are as follows:

|            |     |        Year Ended 
 December 31, 2024 |   |     |             |   |     |        Year Ended 
 December 31, 2023 |   |     |             |   |
|:-----------|:----|------------------:|:--|:----|------------:|:--|:----|------------------:|:--|:----|------------:|:--|
|            |     |          Revenues |   |     | Receivables |   |     |          Revenues |   |     | Receivables |   |
| Customer A |     |             22.23 | % |