Company: YDDL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001213900-25-062908
Chunk: 169

Company: One & one Green Technologies. INC
Filing Date: 2025-07-11
Form: F-1/A
Chunk 169
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 The rule further stipulates a gradual reduction in the CIT rate by 1% per year from 2023 to 2027, reaching 20% by 2027. Specifically, the annual CIT rates will be 25% for the period from July 1, 2020, to December 31, 2022, 24% in 2023, 23% in 2024, 22% in 2025, 21% in 2026, and finally 20% from 2027 onwards. The statutory income tax rate for Yoda Metal is 23% for the year ended December31, 2024 and 24% for the year ended December 31, 2023; and for DL Metal it is 20% for each of the years ended December 31, 2024 and 2023.

F-19

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10.Income Taxes (cont.) The components of the income tax provision consisted of the following:

| 2024                        |     | Years Ended  
 December 31, |           | 2023 |     |   |           |   |
|:----------------------------|:----|:-------------|----------:|:-----|:----|:--|----------:|:--|
| Current income tax expense  |     | $            | 1,976,619 |      |     | $ | 1,792,024 |   |
| Deferred income tax expense |     |              |   (35,045 | )    |     |   |   (28,906 | ) |
| Total                       |     | $            | 1,941,574 |      |     | $ | 1,763,118 |   |

A reconciliation of the income tax expense, net determined at the Philippines statutory income tax rate to the Company’s actual income tax expense is as follows:

| 2024                                           |     | Years Ended  
 December 31, |           | 2023 |     |   |           |   |
|:-----------------------------------------------|:----|:-------------|----------:|:-----|:----|:--|----------:|:--|
| Income before income tax expense               |     | $            | 8,418,346 |      |     | $ | 7,330,292 |   |
| Statutory income tax rate                      |     |              |