Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 18

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Kong and income arising in or derived from Hong Kong. From the year of assessment, 2019/2020, onwards, Hong
Kong profits tax rates are 8.25% on assessable profits up to HK$2,000,000, and 16.5% on any part of assessable profits over HK$2,000,000. The
Company did not have any income (loss) subject to the Hong Kong profits tax.

China

Julong and
its subsidiaries are subject to a 25% standard enterprise income tax in the PRC. If the taxable income in the calendar year does not exceed
RMB 3 million, only 25% of the taxable income will be included in the tax base, which is then subject to a preferential tax rate of 20%.
The Company accrued $67,094 and $180 of PRC income tax for the three months ended September 30, 2025 and 2024.

A summary of income (loss)
before income taxes for domestic and foreign locations for the three months ended September 30, 2025 and 2024 is as follows:

    For the Three Months Ended September 30, 

    2025  
    2024 
  
    United States 
    $(96,986) 
    $(109,772)
  
    Foreign 
     52,898  
     50,448 
  
    Loss before income taxes 
    $(44,088) 
    $(59,324)

F-12

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

(UNAUDITED)

The difference between the U.S. federal statutory income tax rate and
the Company’s effective tax rate was as follows:

    For the Three Months Ended September 30, 

    2025  
    2024 
  
    Income tax (benefit) at USA statutory rate 
     21% 
     21%
  
    U.S. valuation allowance 
     (21)% 
     (21)%
  
    Income tax (benefit) at USA effective rate 
     0% 
     0%

The difference between the PRC statutory income tax rate and the PRC
effective tax rate was as follows:

    For the Three Months Ended September