Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 70

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 70
---
,588  
     148,582 
  
    Total property and equipment, net 
    $280,003  
    $353,486 

The
Company recorded depreciation expense of $137,290 for the year ended June 30, 2025, of which $127,864 was recorded
as operating expense and $9,426 was recorded as cost of revenue.

The
Company recorded depreciation expense of $102,032 for the year ended June 30, 2024, of which $92,492 was recorded
as operating expense and $9,540 was recorded as cost of revenue.

The
Company disposed of fully depreciated assets with a total value of $46,271 for the year ended June 30, 2025.

NOTE
5. RELATED PARTY TRANSACTIONS

Due
to related parties

Due
to related parties consists of the following:

    Name of related party 
    June 30, 2025  
    June 30, 2024 
  
    Zhang Liang 
    $408  
    $2,233 
  
    Total 
    $408  
    $2,233 

Until
November 29, 2023, Zhang Liang was the President and Chairman of the Board of Longduoduo. Mr. Zhang Liang controls approximately 51.3%
of Longduoduo’s issued and outstanding common stock. These advances due to related parties are unsecured, repayable on demand,
and bear no interest.

Related parties’ transactions

Related parties’ transactions consists of
the following:

    For the year ended June 30, 
  
    Name of related parties 
    2025  
    2024 
  
    Zhang Liang 
    $8,630  
    $(105,918)
  
    Total 
    $8,630  
    $(105,918)

NOTE
6. INCOME TAXES

United
States

Longduoduo
is subject to the U.S. corporation tax rate of 21%.

British Virgin Islands

The Company’ subsidiary, LDD, is incorporated
in the BVI and is not subject to tax on income or capital gain. In addition, payments of dividends by LDD to its shareholders are not
subject to withholding tax in the BVI.

Hong
Kong

Longduoduo HK and LDDJK are incorporated in Hong
Kong and are subject