Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 144

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 144
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2025, the closing
price of our Class A Ordinary Shares as quoted on the NYSE American has ranged from $6.37 to $0.10 per share.

The market price of our Class
A Ordinary Shares is likely to be highly volatile and may fluctuate substantially due to many factors, including:

| ● | the volume and timing of sales of our products; |

| ● | the introduction of new products or product enhancements by us or others in our industry; |

| ● | disputes or other developments with respect to our or others’ intellectual property rights; |

| ● | our ability to develop, obtain regulatory clearance or approval for, and market new and enhanced products on a timely basis; |

| ● | product liability claims or other litigation; |

| ● | quarterly variations in our results of operations or those of others in our industry; |

| ● | media exposure of our products or of those of others in our industry; |

| ● | changes in governmental regulations; |

| ● | changes in earnings estimates or recommendations by securities analysts; and |

| ● | general market conditions and other factors, including factors unrelated to our operating performance or the operating performance of our competitors |

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In recent years, the
stock markets generally have experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the
operating performance of those companies. Broad market and industry factors may significantly affect the market price of our Class A Ordinary
Shares, regardless of our actual operating performance. These fluctuations may be even more pronounced in the trading market for our Class
A Ordinary Shares shortly following our IPO.

In addition, in the past,
class action litigation has often been instituted against companies whose securities have experienced periods of volatility in market
price. Securities litigation brought against us following volatility in our stock price, regardless of the merit or ultimate results of
such litigation, could result in substantial costs, which would hurt our financial condition and operating results and divert management’s
attention and resources from our business.

Our dual-class share structure with different voting rights will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial.

We have a dual-class share
structure such that our ordinary shares will consist of Class A Ordinary Shares and class B ordinary shares (“Class B Ordinary Shares”).
In respect of matters requiring the votes of shareholders, each Class A Ordinary Share is entitled to one vote and each Class B Ordinary
Share, which