Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 24

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 24
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 the best interests of the nation.
As a result, our Company’s Board of Directors may find its ability to develop and implement a business plan constrained by the
regulatory activities of government agencies in the PRC, which are able to exert substantial and wide-ranging control over our Company’s
operations, both those of our Chinese subsidiaries, and the financial operations of Longduoduo.

17

The
PRC agencies that will exercise significant control over our Company’s operations include:

●China
Securities Regulatory Commission (“CSRC”), which since March 2023 has imposed extensive reporting requirements and other
regulations on companies structured as ours: offshore holding companies with operations based in China. The CSRC now requires that such
companies obtain pre-approval of offshore securities listings and offshore securities offerings, and the CSRC, in reviewing such filings,
has broad discretion to limit or prevent offshore financing activities that CSRC believes put the interests of China at risk, including
risks attendant to indirect offshore investment in companies that control significant data, personal or otherwise, and companies involved
in a wide range of industries that CSRC deems essential to the PRC.

●State
Administration of Foreign Exchange (“SAFE”), which governs inflows and outflows of capital with respect to the PRC, and has
broad authority to regulate or restrict, by registration requirements or prohibitions, cross-border transactions and currency exchange
as needed to protect the interests of the PRC.

●Cyberspace
Administration of China (“CAC”), which has broad authority to regulate conduct within the PRC and offshore as it relates
to cyberspace activities touching on the PRC. Among the proposed regulations under review by the CAC are a requirement that China-based
enterprises holding significant user data be required to undergo review and approval by CAC before soliciting offshore investment.

●Ministry
of Commerce (“MOFCOM”), which has broad regulatory authority over commercial activity in the PRC, with particular focus on
foreign-invested commercial activity. Among MOFCOM’s activities is reviewing offshore investments in Chinese enterprises to assure
the capital is used for purposes that fall within the pre-approved business plan of the Chinese recipient.

Investors
considering investment in Longduoduo, therefore, should understand that the control of our Board of Directors over the plans and operations
of our Company will be subject to the extensive control that the government of China may exercise over both our Chinese subsidiaries
and the activities of its U.S. parent company as they involve our