Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 166

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 166
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 are as follows at issuance:

  Expected life (years)          2.0  
  Risk-free interest rate       4.89  
  Expected volatility          105.7  
  Expected dividend yield          0  

Following is a summary of the status of warrants
outstanding and exercisable as of December 31, 2024:

                                                                     Weighted  
  Warrants outstanding, as of December 31, 2021      120,000         $30.00    
  Issued                                             -               -         
  Exercised                                          -               -         
  Expired                                            120,000         30.00     
  Warrants outstanding, as of December 31, 2022      -               -         
  Issued                                             -               -         
  Exercised                                          -               -         
  Expired                                            -               -         
  Warrants outstanding, as of December 31, 2023      -               -         
  Issued                                             14,000,000      0.50      
  Exercised                                          -               -         
  Expired                                            -               -         
  Warrants exercisable, as of December 31, 2024      14,000,000      $0.50     

Restricted net assets

The Company’s ability to pay dividends is
primarily dependent on the Company receiving distributions from its subsidiary. Relevant PRC statutory laws and regulations permit payments
of dividends by Oriental Culture, the WFOE, its VIE Jiangsu Yanggu and subsidiaries of Jiangsu Yanggu, Nanjing Yanyu, Nanjing Yanqing,
Kashi Longrui, and Kashi Dongfang (collectively “ Jiangsu Yanggu PRC entities”) only out of their retained earnings, if any,
as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying consolidated
financial statements prepared in accordance with U. S. GAAP differ from those reflected in the statutory financial statements of Jiangsu
Yanggu PRC entities.

Oriental Culture WFOE and Jiangsu Yanggu PRC entities
are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such
reserve funds reach50% of their registered capital. In addition, Oriental Culture WFOE and Jiangsu Yanggu PRC entities may allocate a
portion of their after-tax profits based on PRC accounting standards to an enterprise expansion fund and staff bonus and welfare fund