Company: YDDL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001213900-25-062908
Chunk: 162

Company: One & one Green Technologies. INC
Filing Date: 2025-07-11
Form: F-1/A
Chunk 162
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 expenses. ASU 2023 -07expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. All disclosure requirements of ASU 2023 -07are required for entities with a single reportable segment. ASU 2023 -07is effective for fiscal years beginning after December 15, 2023, and interim periods for fiscal years beginning after December 15, 2024, and should be applied on a retrospective basis to all periods presented. Early adoption is permitted. The Company adopted ASU 2023 -07for the year ended December31, 2024. In December 2023, the FASB issued 2023 -09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures to enhance income tax information primarily through changes in the rate reconciliation and income taxes paid information. ASU 2023 -09is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this standard on our statements and related disclosures. Other accounting pronouncements that have been issued or proposed by the FASB or other standards -settingbodies that do not require adoption until a future date are not expected to have a material impact on the Company’s consolidated financial position and results of operations upon adoption. 3.Variable Interest Entities On June 10, 2024, the directors of Yoda Metal and DL Metal approved and adopted board resolutions whereby they irrevocably designated Hua Jun Yan as the authorized legal representative to sign and process any transaction for and on behalf of Yoda Metal and DL Metal. This authorization includes the use of electronic signatures for all directors as deemed necessary for any transactions. F-14 ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3.Variable Interest Entities (cont.) On June 10, 2024, the Company’s wholly owned subsidiary, One and One HK, executed a series of Contractual Arrangement with each of the shareholders of Yoda Metal and DL Metal, establishing a variable interest entity (“VIE”) structure. These Contractual Arrangements include: Exclusive Business Cooperation Agreements Pursuant to the Exclusive Business Cooperation Agreement between (i) Yoda Metal and