Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 180

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 15
Chunk 180
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 material weaknesses identified
include: ·

  lack of sufficient financial reporting and accounting personnel with appropriate knowledge of U. S. GAAP and SEC reporting requirements to properly address complex U. S. GAAP accounting issues ...  

We have taken measures and
plan to continue to take measures to remediate these deficiencies, including: (i) hiring more qualified resources, equipped with relevant
U. S. GAAP and SEC reporting experiences and qualifications to strengthen the financial reporting function, (ii) establishing an ongoing
program to provide sufficient and additional appropriate training to our accounting staff, especially trainings related to U. S. GAAP and
SEC financial reporting requirements, (iii) developing a set of accounting policies and procedures, which document the current U. S. GAAP
accounting policies and technical accounting guidance and are tailored to our business, and (iv) implementing internal controls over financial
reporting to ensure accounting policies and procedures are operating effectively.

The process of designing and
implementing an effective financial reporting system is a continuous effort that requires us to anticipate and react to changes in our
business and the economic and regulatory environments and to expend significant resources to maintain a financial reporting system that
is adequate to satisfy our reporting obligation. See “ Item 3. Key Information - 3. D. Risk Factors - Risks Relating to Our
Business and Industry - If we fail to maintain an effective system of internal control over financial reporting, we may not be able
to accurately report our financial results or prevent fraud.”

Attestation Report of the Registered Public
Accounting Firm

Since we are an “emerging
growth company” as defined under the JOBS Act, we are exempt from the requirement to comply with the auditor attestation requirements
that our independent registered public accounting firm attest to and report on the effectiveness of our internal control structure and
procedures for financial reporting.

Changes in Internal Control over Financial
Reporting

There were no changes in our
internal controls over financial reporting that occurred during the period covered by this annual report that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

Item 16. [Reserved]