Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 872

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1C
Chunk 872
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 the United States of America (“U.S. GAAP”).

B.
Principles of consolidation

The consolidated financial statements include
the accounts of Longduoduo and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. The consolidated
financial statements include 100% of assets, liabilities, and net income of these subsidiaries.

LDD Technology Limited was established on March
18, 2024 under the laws of British Virgin Islands. LDD is a holding company with no business operations of its own. On February 19, 2025,
Longduoduo issued 10,020 shares of its common stock to the original shareholders of LDD, and assumed all the original shareholders' capital
contribution obligations of LDD, in exchange for 100% of the outstanding shares of LDD. This transaction is treated in the Company’s
financial statements as a corporate restructuring (reorganization) of entities under common control, as LDD and Longduoduo have at all
times been under the control of Mr. Zhang Liang. Therefore, this transaction is accounted for by the carry-over basis method (also referred
to as the pooling-of-interests method or historical-cost method). The assets and liabilities transferred are recorded by the receiving
entity at their historical carrying amounts in the consolidated financial statements of the controlling parent, not at fair value. No
new goodwill is recognized, and no gain or loss is recorded. In accordance with ASC 805-50-45-5, the current capital structure has been
retroactively presented in prior periods as if such structure existed at that time, and the entities under common control are presented
on a combined basis for all periods. Since LDD and Longduoduo were under common control for all periods presented, the results of LDD
are included in the Company’s financial statements for all periods presented.

Longduoduo’s
subsidiaries as of June 30, 2025 are listed as follows:

  Name   Place of Incorporation   Attributable equity interest %     Authorized capital    Longduoduo Company Limited   Hong Kong     100      HK$ 10,000    LDD Technology Limited   British Virgin Islands     100      $ 100,000    LDDJK Hong Kong Limited   Hong Kong     100      HK$ 10,000    Beijing Julong Health Consulting Co., Limited   China     100       0    Beijing Y