Company: YDDL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001213900-25-052277
Chunk: 165

Company: One & one Green Technologies. INC
Filing Date: 2025-06-09
Form: F-1/A
Chunk 165
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 paid in by the Shareholders, adjusted pro rata for purchase of less than all of the Equity Interest and subject to any appraisal F-15

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3.Variable Interest Entities (cont.) or restrictions required by applicable Philippine laws and regulations. The agreement takes effect upon parties signing the agreement, and remains effective for 10 years, extendable at One and one HK or its designee’s discretion. As a result of these board resolutions and agreements, One and one HK has the power to direct the activities of Yoda Metal and DL Metal that most significantly impact their economic performance. Additionally, One and one HK has the right to receive benefits from Yoda Metal and DL Metal that could potentially be significant to Yoda Metal and DL Metal. Therefore, One and one HK is considered the primary beneficiary of Yoda Metal and DL Metal. Consequently, the financial results of Yoda Metal and DL Metal are consolidated into the financial statements of One and one HK in accordance with U.S. GAAP. While the VIE structure allows for the consolidation of Yoda Metal and DL Metal, it also brings certain risks and uncertainties, and it is subject to significant scrutiny and could be impacted by regulatory changes including but not limited to: •Enforceability of the Contractual Arrangements under the applicable local laws •Potential changes in laws and regulations that could affect the enforceability of these arrangements •The ability of One and one HK to exercise control over Yoda Metal and DL Metal as anticipated Management regularly assesses the VIE arrangements to ensure compliance with existing laws and regulations and to evaluate any potential changes in circumstances that could affect the consolidation of the VIE entities. The following financial statement amounts and balances of the VIEs were included in the accompanying consolidated financial statements after elimination of intercompany transactions and balances:

|                         |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Current assets          |     | $ |   24,750,653 |     | $ |   10,007,675 |
| Non-current assets      |     |   |   11,767,464 |     |   |   13,450,117 |
| Total assets            |     |   |   36,518,117 |