Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 184

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 184
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 the Philippines where Philippine peso (“PHP”) is the functional currency, and its subsidiary located in Hong Kong where Hong Kong dollar (“HKD”) is the functional currency. Transactions denominated in foreign currencies are re -measuredinto the functional currency at the exchange rates at the beginning of the month. Monetary assets and liabilities denominated in foreign currencies are re -measuredat the exchange rates prevailing at the balance sheet date. Non -monetaryitems that are measured in terms of historical cost in foreign currency are re -measuredusing the exchange rates at the dates of the initial transactions. Exchange gains and losses are included in the consolidated statements of income and comprehensive income. F-32

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 2.Summary of Significant Accounting Policies (cont.) For entities which are located in the Philippines and have the functional currency as PHP, the financial statements are translated from their respective functional currencies into US$. Assets and liabilities are translated using the exchange rate at each balance sheet date’s period end rate. Revenue and expenses are translated using average rates prevailing during each reporting period, and shareholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive loss in shareholders’ equity. Exchange rate used for the translation as follows:

| US$ to PHP        
 June 30, 2024     |     | Period/Year End 
        58.60300 |     | Average Rate 
     56.83297 |
|:------------------|:----|----------------:|:----|-------------:|
| December 31, 2023 |     |        55.40000 |     |     55.61763 |
| June 30, 2023     |     |        55.44000 |     |     55.21845 |

No representation is intended to imply that the PHP amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2024, or at any other rate. e)Cash and cash equivalents Cash and cash equivalents consist of bank deposits and cash on hand, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. f)Accounts receivable, net The Company records accounts receivable at net realizable value consisting