Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 172

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 172
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 the warrants represented by the warrant certificate, we will issue a new warrant certificate for the remaining warrants. If we so indicate
in the applicable prospectus supplement, holders of the warrants may surrender securities as all or part of the exercise price for warrants.

Prior to the exercise of any
warrants to purchase Class A Ordinary Shares, holders of the warrants will not have any of the rights of holders of Class A Ordinary Shares
purchasable upon exercise, including the right to vote or to receive any payments of dividends or payments upon our liquidation, dissolution
or winding up on the Class A Ordinary Shares purchasable upon exercise, if any.

<div align='center'>98

DESCRIPTION OF RIGHTS</div>

We may issue rights to purchase
our securities. The rights may or may not be transferable by the persons purchasing or receiving the rights. In connection with any rights
offering, we may enter into a standby underwriting or other arrangement with one or more underwriters or other persons pursuant to which
such underwriters or other persons would purchase any offered securities remaining unsubscribed for after such rights offering. Each series
of rights will be issued under a separate rights agent agreement to be entered into between us and one or more banks, trust companies
or other financial institutions, as rights agent, that we will name in the applicable prospectus supplement. The rights agent will act
solely as our agent in connection with the rights and will not assume any obligation or relationship of agency or trust for or with any
holders of rights certificates or beneficial owners of rights.

The prospectus supplement
relating to any rights that we offer will include specific terms relating to the offering, including, among other matters:

| ● | the date of determining the security holders entitled to the rights distribution;                                     |
| ● | the aggregate number of rights issued and the aggregate amount of securities purchasable upon exercise of the rights; |
| ● | the exercise price;                                                                                                   |
| ● | the conditions to completion of the rights offering;                                                                  |
| ● | the date on which the right to exercise the rights will commence and the date on which the rights will expire; and    |
| ● | any applicable federal income tax considerations.                                                                     |

Each right would entitle the
holder of the rights to purchase for cash the principal amount of securities at the exercise price set forth in the applicable prospectus
supplement. Rights may be exercised at any time up to the close of business on the expiration date for the rights provided in the applicable