Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 347

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 347
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110,112,796 | ) |     |            — |   |
| Net loss per ordinary share calculation              |     |                     (231,115,249 | ) |     | (276,454,529 | ) |     | (170,196,454 | ) |
| Denominator:                                         |     |                                  |   |     |              |   |     |              |   |
| Weighted average number of Class A ordinary shares   |     |                        5,461,443 |   |     |    7,219,584 |   |     |   35,334,758 |   |
| Weighted average number of Class B ordinary shares   |     |                          875,000 |   |     |      875,000 |   |     |      875,000 |   |
| Net loss per ordinary share                          |     |                                  |   |     |              |   |     |              |   |
| — Class A – Basic and diluted                        |     |                           (42.32 | ) |     |       (38.29 | ) |     |        (4.82 | ) |
| — Class B – Basic and diluted                        |     |                                — |   |     |            — |   |     |            — |   |

For the years ended December 31, 2023 and 2024, the Redeemable Convertible Preferred Shares, Series seed convertible preferred shares, share options, Warrants and Convertible loans were excluded from the calculation of diluted loss per ordinary share as their inclusion would have been anti -dilutive. 875,000 Class B ordinary shares of the Company were also excluded from the calculation of diluted loss per ordinary share as they are not entitled to dividends and distributions of the Company.

F-81

DDC ENTERPRISE LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 24. NET LOSS PER SHARE (cont.) Securities that could potentially dilute basic net loss per ordinary share and that were not included in the computation of diluted net loss per ordinary share because to do so would have been antidilutive for the years ended December 31, 2022, 2023 and 2024 are as follows:

|                                                               |     | As of December 31, |     |           |     |         |
|                                                               |     |               2022 |     |      2023 |     |    2024 |
| Redeemable Convertible Preferred Shares