Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 99

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 99
---
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

In 2019, the Company entered into advertising
contract with Kashi Jinwang Art Purchase E-commerce Co., Ltd. pursuant to which the Company would use advertising space on Kashi
Jinwang’s website from January 1, 2019 to December 31, 2022. The Company was charged a yearly advertising fee of approximately $0.18
million adjustable by actual usage, which was approximately 1.7% of the Company’s initial listing value of collectible or artwork
at the time when the contract was entered. On May 1, 2020, the contract between the Company and Kashi Jinwang Art Purchase E-commerce
Co., Ltd. was amended and the monthly advertising fee was fixed at 1.5% of the initial listing value of collectible or artwork from May
1, 2020 to December 31, 2022. The contract was further amended on June 25, 2020, pursuant to which the fee will be 2.25% of the initial
listing value of collectibles or artwork from July 1, 2020 to December 31, 2020, then return back to 1.5% from January 1, 2021 to December
31, 2022. There has been no new contract for the year ended December 31, 2024 and 2023.

g. General and administrative expenses - 
related parties consist of the following:

                       Relationship                                                                                                                                                                                              Nature                                                               Year Ended        Year Ended  
                                                                                                                                                                                                                                                                                                    December 31,      December 31,  
                                                                                                                                                                                                                                                                                                            2023              2022  
  Nanjing Culture      Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each a 2.6% beneficial shareholder of the Company from May 31, 202...      Rent expense.                                          38,647          $146,924          $151,480  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  HKFAEx               100% owned by the Company’s former Chairman                                                                                                                                                               Accounting and business administration services.       65,744           $87,365