Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 158

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 158
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 therein. This section also includes projections based on a number of assumptions. The RTC and plant -based products industries may not grow at the rate projected by market data, or at all. Failure of these markets to grow at the projected rate may have a material and adverse effect on our business and the market price of the Class A Ordinary Shares. Food Innovation We compete primarily in the convenient meal solutions market providing RTE, RTC and RTH products to our customers. With (i) the proliferation of food delivery service options, (ii) a shift in customer preference and behavior away from home -cookedto convenience, and (iii) an increase in GDP per capita/overall disposable income (both in our target demographic and in -general) the demand for convenient meal solution products including RTC/RTE products has increased significantly. Customers have also become more discerning and expect RTC/RTH/RTE products to be of a high quality, have a higher nutritional value, and taste better when compared with other processed or semi -processedfood product categories. Typically, RTC and RTE meals are made using high -qualityand seasonal ingredients with full traceability at every stage of the food chain and a focus on nutritional value and maintaining a balanced diet is factored into the recipe and product R&D process. Internationally, an increasing number of customers are in pursuit of a healthier lifestyle and favor healthier ready -to -cookproducts instead of RTC products of high calories as well as healthier ready -to -eatproducts instead of junk food. Chinese companies in the RTC and RTE industry, because of their well -establishedvalue chains, are able to offer RTC and RTE products of competitive prices in markets like North America and Europe despite the additional logistic expenses. Thus, Chinese companies that are actively seeking international expansion opportunities are well positioned to gain share in the global RTC and RTE market. Overview of the Bitcoin Industry and Market Bitcoin is a digital asset that is issued by and transmitted through an open -sourceprotocol, known as the Bitcoin protocol, collectively maintained by a peer -to -peernetwork of decentralized user nodes. This network hosts a public transaction ledger, known as the Bitcoin blockchain, on which bitcoin holdings and all validated transactions that have ever taken place on the Bitcoin network are recorded. Balances of bitcoin are stored in individual “wallet” functions, which associate network public addresses with one or more “private keys” that control the transfer of bitcoin. The Bitcoin blockchain can be updated without any single entity owning or operating the network. Creation of New Bitcoin and Limits on Supply The Bitcoin protocol limits the