Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 197

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 197
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8. CONTINGENCIES

Contingencies

Certain
conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company but which
will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such
contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal
proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel
evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought
or expected to be sought.

If the assessment
of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated,
then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential
material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent
liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

Loss contingencies
considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be
disclosed.

The Company
was not subject to any material loss contingency as of September 30, 2025 and June 30, 2025.

NOTE
9. STOCKHOLDERS’ EQUITY

On September 21, 2023, the Company filed with
the Nevada Secretary of State a Certificate of Change Pursuant to NRS 78.209. The Certificate of Change provided for a 1-for-10 reverse
split of the Registrant’s outstanding common stock effective at the close of business on September 26, 2023. The Certificate of
Change did not change the number of authorized shares of Common Stock, which remained 500,000,000 shares. No fractional shares were issued
in connection with the reverse stock split; any fractional shares that resulted from the reverse split were rounded up to the nearest
whole share. The accompanying financial statements have been adjusted to retroactively reflect this reverse stock split. 

Share
exchange under common control

On February 19, 2025, Longduoduo issued 10,020
shares of its common stock to the original shareholders of LDD, in exchange for 100