Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066342
Chunk: 125

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 125
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 CSRC or any other
PRC governmental authorities.

However, we cannot assure
you that relevant PRC government agencies, including the CSRC, would reach the same conclusion as we do. If it is determined that CSRC
approval under the M&A rules is required for our current listing on the NYSE American, we may face sanctions by the CSRC or other
PRC regulatory agencies for failure to seek CSRC approval for our current listing on the NYSE American. These sanctions may include fines
and penalties on our operations in the PRC, limitations on our operating privileges in the PRC, delays in or restrictions on the repatriation
of the proceeds from offerings of our securities into the PRC, restrictions on or prohibition of the payments or remittance of dividends
by our PRC subsidiary, or other actions that could have a material and adverse effect on our business, financial condition, results of
operations, reputation and prospects, as well as the trading price of our securities. Furthermore, the CSRC or other PRC regulatory agencies
may also take actions requiring us, or making it advisable for us, to halt our future securities offering before the settlement and delivery
of the securities that we may offer in the future. Consequently, if you engage in market trading or other activities in anticipation of
and prior to the settlement and delivery of the securities we may offer in the future, you would be doing so at the risk that the settlement
and delivery may not occur. Besides, any failure of us to fully comply with any new regulatory requirements may significantly limit or
completely hinder our ability to offer or continue to offer our Class A Ordinary Shares, cause significant disruption to our business
operations, and severely damage our reputation, which would materially and adversely affect our financial condition and results of operations
and cause our Class A Ordinary Shares to significantly decline in value or become worthless.

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Changes in China’s economic, political or social conditions or government policies could have a material adverse effect on our Company’s business and results of operations we may pursue in the future.

A part of our operations is
located in mainland China and Hong Kong, and thus, or business, prospects, financial condition and results of operations may be influenced
to a significant degree by political, economic and social conditions in China generally and by continued economic growth in China as a
whole. Policies, regulations, rules, and the enforcement of laws of the PRC government can have significant effects on economic conditions
in the P