Longduoduo Co Ltd Files 2024 Annual Report

Ticker: LDDD · Form: 10-K · Filed: Oct 15, 2024 · CIK: 1892316

Sentiment: neutral

Topics: 10-K, annual-report, health-services

TL;DR

Longduoduo filed its 2024 10-K. Health services biz in China.

AI Summary

Longduoduo Co Ltd filed its annual report (10-K) for the fiscal year ended June 30, 2024. The company, incorporated in Nevada, operates in the health services sector. Its principal executive offices are located in Hohhot Economic Development Zone, Inner Mongolia, P.R. China.

Why It Matters

This filing provides investors with a comprehensive overview of Longduoduo's financial performance and business operations for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual filing and does not contain immediate red flags or significant new risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of Longduoduo Co Ltd?

Longduoduo Co Ltd operates in the SERVICES-HEALTH SERVICES sector, as indicated by its Standard Industrial Classification code 8000.

When did the fiscal year covered by this 10-K filing end?

The fiscal year covered by this 10-K filing ended on June 30, 2024.

Where are Longduoduo Co Ltd's principal executive offices located?

The company's principal executive offices are located at G3-5-8016, Shui'an Town, Ruyi Headquarters Base, Hohhot Economic Development Zone, Inner Mongolia, P.R. China.

What is the company's IRS Employer Identification Number?

The company's IRS Employer Identification Number is 37-2018431.

What is the SEC file number for Longduoduo Co Ltd?

The SEC file number for Longduoduo Co Ltd is 000-56615.

Filing Stats: 4,617 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-10-15 14:43:12

Key Financial Figures

Filing Documents

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 12 Item 1B Unresolved Staff Comments 29 Item 2. Properties. 29 Item 3. Legal Proceedings. 29 Item 4. Mine Safety Disclosure 29 PART II 30 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 30 Item 6. [Reserved] 31 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 31 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 34 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 35 Item 9A.

Controls and Procedures

Controls and Procedures. 35 Item 9B. Other Information. 36 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 36 PART III 37 Item 10. Directors, Executive Officers, and Corporate Governance. 37 Item 11.

Executive Compensation

Executive Compensation. 40 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 41 Item 13. Certain Relationships and Related Transactions, and Director Independence. 42 Item 14. Principal Accountant Fees and Services. 42 PART IV 43 Item 15. Exhibits, Financial Statement Schedules. 43 i PART I Cautionary Statement Regarding Forward Looking The discussion contained in this Annual Report on Form 10-K contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases like "anticipate," "estimate," "plans," "projects," "continuing," "ongoing," "target," "expects," "management believes," "we believe," "we intend," "we may," "we will," "we should," "we seek," "we plan," the negative of those terms, and similar words or phrases. We base these forward-looking date of this Form 10-K. These forward-looking statements are subject to a number of risks and uncertainties that cannot be predicted, quantified or controlled and that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Statements in this Form 10-K describe factors, among others, that could contribute to or cause these differences. Actual results may vary materially from those anticipated, estimated, projected or expected should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect. Because the factors discussed in t

Business

Item 1. Business Corporate Structure Longduoduo Company Limited ("Longduoduo") was incorporated in the State of Nevada on October 25, 2021. Longduoduo's principal corporate address is G3-5-8016, Shui'an Town, Ruyi Headquarters Base, Hohhot Economic Development District, Hohhot, Inner Mongolia, China, 010000. Our telephone number is +86 (0472) 510 4980. Our registered agent for service of process is Incorp Services, Inc., 3773 Howard Hughes Pkwy, Suite 500S, Las Vegas Nevada 89169-6014. Our website address is www.longduoduo.net. Our website and the information contained on, or that can be accessed through, the website is not deemed to be incorporated by reference in, and is not considered part of, this report, and the inclusion of our website address in this report is an inactive textual reference only. You should not rely on any such information in making your decision whether to purchase our common stock. LONGDUODUO IS A NEVADA CORPORATION THAT FUNCTIONS EXCLUSIVELY AS A HOLDING COMPANY. ALL OF THE BUSINESS OPERATIONS THAT ARE DESCRIBED IN THIS REPORT AND REFLECTED IN THE FINANCIAL STATEMENTS CONTAINED IN THIS REPORT ARE CARRIED OUT BY FIVE LIMITED COMPANIES ORGANIZED AND LOCATED IN THE PEOPLE'S REPUBLIC OF CHINA ("PRC"). LONGDUODUO OWNS THE FIVE OPERATING COMPANIES THROUGH AN INTERMEDIARY HOLDING COMPANY REGISTERED IN HONG KONG. 1 The following chart describes our current corporate structure: Longduoduo Company Limited (Hong Kong) ("Longduoduo HK"), was established on July 26, 2021 under the laws of Hong Kong. On October 26, 2021, Longduoduo issued 30,000,000 shares of its common stock to the original shareholders of Longduoduo HK, in exchange for 100% of the outstanding shares of Longduoduo HK (the "Share Exchange"). Longduoduo Health Technology Company Limited ("Longduoduo Health Technology"), a privately held Limited Company, registered in Inner Mongolia, China on August 20, 2020. On August 16, 2021, Longduoduo HK acquired 100% of Longduoduo Health Tec

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