Company: LDDD
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-042963
Chunk: 37

Company: Longduoduo Co Ltd
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 Officer, we conducted an evaluation of our disclosure
controls and procedures, as such term is defined under Rule 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act
of 1934, as amended, as of March 31, 2025. Based on this evaluation, we concluded that our disclosure controls and procedures have the
following material weaknesses:

●The
relatively small number of employees who are responsible for accounting functions prevents us from segregating duties within our internal
control system.

●Our
internal financial staff lack expertise in identifying and addressing complex accounting issues under U.S. Generally Accepted Accounting
Principles.

●Our
Chief Financial Officer is not familiar with the accounting and reporting requirements of a U.S. public company.

●We
have not developed sufficient documentation concerning our existing financial processes, risk assessment and internal controls.

Based on their evaluation, our Chief Executive
Officer and Chief Financial Officer concluded that the Company’s system of disclosure controls and procedures was not effective
as of March 31, 2025 for the purposes described in this paragraph.

Changes in Internal Control over Financial
Reporting

During the period covered by this report, there
has been no change in our internal control over financial reporting that has materially affected or is reasonably likely to materially
affect our internal control over financial reporting.

7

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

From time to time, we may become involved in legal
proceedings or be subject to claims arising in the ordinary course of our business. We are not presently a party to any legal proceedings
that in the opinion of our management, if determined adversely to us, would individually or taken together have a material adverse effect
on our business, operating results, financial condition, or cash flows.

Item 1A. Risk Factors.

There have been no material changes from the risk
factors included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, as filed with the SEC on October
15, 2024.

Item 2. Unregistered Sale of Equity Securities
and Use of Proceeds.

During the quarter ended March 31, 2025, the Company
did not complete any unregistered sales of equity securities that was not reported in a Current Report on Form 8-K.

The Company did not repurchase any of its equity
securities that were registered under Section 12 of the Securities Act during the