Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 201

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 201
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     163,908 |     | $ |      181,834 |

F-44 ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 10.Income Taxes (cont.) Deferred tax liabilities represented ROU assets. Total ROU assets of the Company’s VIEs in the Philippines were $422,479 and $558,376 as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 and December 31, 2023, deferred tax liabilities from ROU were $85,860 and $115,466. For the six months ended June 30, 2024 and 2023, the Company did not have any material interest or penalties associated with tax positions. The Company did not have any significant unrecognized uncertain tax positions as of June 30, 2024 and December 31, 2023. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months. 11.Employee contribution plan The Company operates in the Philippines, where Philippines law mandates employee and employer contributions to the Social Security System (“SSS”) and the Home Development Mutual Fund (“Pag -IBIGFund”), for private sector employees and certain self -employedindividuals. Contributions to these plans are reflected as employee benefit expense in the Company’s consolidated financial statements. The specific amounts expensed depend on the applicable contribution rates and employee salaries. Employees and employers contribute jointly to the SSS. The contribution rates are determined by a prescribed table, with the current rate set at 12% of the employee’s monthly salary credit, subject to a maximum salary credit base. The SSS offers social security benefits including sickness, maternity, disability, retirement, and death benefits. Similarly, contributions to the Pag -IBIGFund are mandatory and shared between employees and employers. The current contribution rate for employees is 2% of their monthly compensation, which is matched by the employer. The Pag -IBIGFund provides its members with access to housing and short -termloans, savings programs, and dividend earnings. The total expenses incurred for the plan were $28,013 and $19,331 for the six months ended June 30, 2024 and 2023, respectively. 12.Shareholders’ Equity Ordinary shares The Company was authorized to issued 500,000,000shares of Ordinary Shares with par value of