Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 69

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 69
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 the line item of other current assets on the consolidated balance sheets. The tax is equivalent to a uniform rate of 12%, based on the gross selling price of goods or properties sold, or gross receipts from the sale of services. The Company has a VAT exemption on importation and export sales as VAT -registeredpersons are zero -rated. n)Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (the “CODM”), which is comprised of the chief executive officer of the Company’s management team. Consequently, the Company has determined that it has only one reportable operating segment. 46 OUR CORPORATE STRUCTURE AND HISTORY One and one Cayman is a Cayman Islands exempted company limited by shares. The following diagram illustrates the corporate structure of the Company as of the date of this prospectus and upon completion of this offering: One and one Cayman was incorporated on April 17, 2024 under the laws of the Cayman Islands. As of the date of this prospectus, the authorized share capital of the Company is US$50,000 divided into 500,000,000 ordinary shares, consisting of 489,796,040 Class A Shares and 10,203,960 Class B Shares, of which 41,796,040 Class A Shares and 10,203,960 Class B Shares are issued and outstanding. One and one Cayman is a holding company and is currently not actively engaging in any business. This is an offering of the Class A Shares of the Cayman Islands holding company. You may never hold equity interests in the operating entity. Further, One and one Cayman receives the economic benefits of the business operations of the VIEs in the Philippines through Contractual Arrangements between One and one HK and the VIEs. One and one HK was incorporated on May 29, 2024 under the laws and regulations in Hong Kong. One and one HK is a wholly owned subsidiary of the Company. One and one HK is a holding company and is currently not actively engaging in any business. DL Metal was established on March 3, 2022, under the laws of the Philippines. Yoda Metal was established on March 20, 2014, under the laws of the Philippines. One and one HK controls 100% of Yoda Metal and DL Metal through Contractual Arrangements. Due to restrictions imposed by the Philippine laws and regulations on foreign ownership, One and one HK entered into a series of Contract