Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 123

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1A
Chunk 123
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 issuance of our common stock, or maintaining our status as a publicly listed company outside China.

On
February 17, 2023, the CSRC promulgated the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies
(the “Trial Administrative Measures”), which took effect on March 31, 2023. On the same date, the CSRC published on CSRC’s
official website Supporting Guidance Rules No. 1 through No. 5, Notes on the Trial Administrative Measures, Notice on Administration
Arrangements for the Filing of Overseas Listings by Domestic Enterprises and relevant CSRC Answers to Reporter Questions or, collectively,
the “Guidance Rules and Notice.” The Trial Administrative Measures, together with the Guidance Rules and Notice, mandate
that issuers whose principal business activities occur in the PRC must, within three business days after filing with the offshore regulator
an application for an offshore offering or listing of securities on an exchange, submit to CSRC an application for review. The Trial
Administrative Measures apply to overseas securities offerings and/or listings conducted by companies incorporated in the PRC, PRC domestic
companies, and companies incorporated overseas with operations primarily in the PRC, indirect offerings. The Trial Administrative Measures
require (1) the filing of the overseas offering and listing plan by the PRC domestic companies with the CSRC under certain conditions,
(2) the filing by the underwriter with the CSRC under certain conditions and (3) the submission of an annual report to the CSRC within
the required timeline. The Trial Administrative Measures include: (1) criteria to determine whether an issuer will be required to go
through the filing procedures under the Trial Administrative Measures; (2) exemptions from immediate filing requirements for issuers
that have already been listed in foreign securities markets, including U.S. markets, prior to the effective date of the Trial Administrative
Measures; (3) a negative list of types of issuers banned from listing or offering overseas, such as issuers whose affiliates have been
recently convicted of bribery and corruption; (4) issuers’ compliance with web security, data security, and other national security
laws and regulations; (5) issuers’ filing and reporting obligations, such as obligation to file with the CSRC after it submits
an application for initial public offering to overseas regulators, and obligation after offering or listing overseas to file with the
CSRC after it completes subsequent offerings and to report to the CSRC material events including change of control