Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 21

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 21
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 material weaknesses, or if other material weaknesses
are identified or we are not able to comply with the requirements of Section 404 in a timely manner, our reported financial results could
be materially misstated or could subsequently require restatement, we could receive an adverse opinion regarding our internal controls
over financial reporting from our independent registered public accounting firm and we could be subject to investigations or sanctions
by regulatory authorities, which would require additional financial and management resources, and the market price of our stock could
decline.

15

Limitations
on director and officer liability and indemnification of our Company’s officers and directors by us may discourage shareholders
from bringing a lawsuit against an officer or director.

Our
Company’s certificate of incorporation and bylaws provide, with certain exceptions as required by governing state law, that a director
or officer shall not be personally liable to us or our shareholders for breach of fiduciary duty as a director or officer, except for
acts or omissions which involve intentional misconduct, fraud or knowing violation of law, or unlawful payments of dividends. These provisions
may discourage shareholders from bringing a lawsuit against a director or officer for breach of fiduciary duty and may reduce the likelihood
of derivative litigation brought by shareholders on the Company’s behalf against a director or officer. 

Our
management has limited experience managing a public company.

At
the present time, our management has limited experience in managing a public company. This may hinder our ability to establish effective
controls and systems and comply with all applicable requirements associated with being a public company. If compliance problems result,
these problems could have a material adverse effect on our business, financial condition or results of operations. As a public company,
we will incur significant legal, accounting and other expenses that we did not incur as a private company. In addition, the Sarbanes-Oxley
Act of 2002, or Sarbanes-Oxley Act, and the Dodd-Frank Act of 2010, as well as rules subsequently implemented by the SEC, have imposed
various requirements on public companies, including requiring changes in corporate governance practices. Our management and other personnel
will need to devote a substantial amount of time to our new compliance requirements. Moreover, these requirements will increase our legal,
accounting and financial compliance costs and will make some activities more time-consuming and costly. For example, we expect it will
be difficult and expensive for us to obtain director and officer liability insurance. These requirements could also make it more difficult
for us to attract