Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 20

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 20
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 Operating Officer (“COO”) of the Company for a term of 5 years and agreed to grant him 12 million preferred shares. On June 27, 2025, the shareholders of the Company approved that 12 million preferred shares (the “Preferred Shares”) be designated and issued to Mr. Aimin Kong or the company under this control at the Extraordinary General Meeting of the shareholders of the Company. Each Preferred Share shall have 15 votes for every Preferred Share of which he is the holder, subject to the Certificate of Designation and certain vesting and earn-out terms in his Employment Agreement. The Preferred Shares were valued at approximately $1.75 million on the grant date. On June 27, 2025, the 12 million Preferred Shares were issued to Hao Shun Investments Limited, a company under the control of Mr. Kong. On April 28, 2025 (“Grant Date”), Compensation Committee of the Board granted stock awards of 500,000 Ordinary Shares, par value $0.00025, pursuant to our 2021 Omnibus Equity Plan, to five officers and employees of us and subsidiaries of our operating variable interest entity (the “Grantees”), including 100,000 shares to Mr. Yi Shao, the Chief Executive Officer of the Company (collectively, the “Grants”). The Grants vested immediately on the Grant Date and each of the Grantees also entered into an Unrestricted Stock Award Agreement with the Company on April 28, 2025. Grant date fair value of the stock award was approximately $2,040,000. Due to the investigation against our related parties (see details below), the revenue for the six months ended June 30, 2025 has been continuously, materially and negatively impacted as regaining customers’ confidence in the Company was challenging. For, the first half of 2025:

| ● | Total revenues were approximately $0.1 million for the                                                                           
 six months ended June 30, 2025, compared with the total revenues of approximately $0.4 million for the six months ended June 30, 
 2024.                                                                                                                            |

| ● | Gross profit was approximately $0.1 million for the six                                                                      
 months ended June 30, 2025, compared with approximately gross profit of $0.3 million for the six months ended June 30, 2024. |

| ● | Loss from operations was approximately $4.5 million for                                                                              
 the six months ended June 30