Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 53

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 53
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has the right to advise, consult, manage and operate the variable interest entity for an annual consulting service fee in the amount of
100% of the variable interest entity’s net profit as determined under PRC accounting standards. The shareholders of the variable
interest entity have pledged all of their rights, title and equity interest in the variable interest entity as security for the WFOE to
collect consulting services fees provided to the variable interest entity through the Equity Pledge Agreement. In order to further reinforce
the WFOE’s right to control and operate the variable interest entity, the variable interest entity’s shareholders have granted
the WFOE an exclusive right and option to acquire all of their equity interests in the variable interest entity through the Equity Option
Agreement.

The material terms of the VIE Agreements with
Jiangsu Yanggu and its shareholders are as follows:

Technical Consultation and Service Agreement. Pursuant
to the Technical Consultation and Service Agreement between the WFOE and Jiangsu Yanggu dated May 8, 2019, the WFOE has the exclusive
right to provide consultation and services to Jiangsu Yanggu in the areas of management, human resources, technology and intellectual
property rights. For such services, Jiangsu Yanggu agrees to pay service fees in the amount of 100% of its net income and the WFOE has
the obligation to absorb 100% of Jiangsu Yanggu’s losses. The WFOE exclusively owns any intellectual property rights arising from
the performance of this Technical Consultation and Service Agreement. The amount of service fees and the payment term can be amended by
the WFOE with consultation with Jiangsu Yanggu for implementation. The term of the Technical Consultation and Service Agreement is 20
years. The WFOE may terminate this agreement at any time by giving 30 days’ written notice to Jiangsu Yanggu.

Equity Pledge Agreement.  Pursuant
to the Equity Pledge Agreement among the WFOE, Jiangsu Yanggu and Jiangsu Yanggu’s shareholders dated May 8, 2019, amended on January
28, 2021 (collectively, the “ Pledge”), each of Jiangsu Yanggu’s shareholders pledged all of their equity interests in
Jiangsu Yanggu to the WFOE to guarantee Jiangsu Yanggu’s performance of relevant obligations and indebtedness under the Technical
Consultation and Service Agreement and other control agreements (collectively, the “ Control Agreement”). If