Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 226

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 226
---
’s performance obligations. The following summary of the material features of the 2025 Warrant Program is qualified in its entirety by reference to the complete text of the 2025 Warrant Program. Eligible Participants:The Program covers members of the Company’s executive management, Board of Directors, and other employees selected by the Board. Warrant Allocation:For 2025, the Program targets issuing Warrants for up to 1,00,000 Class A Ordinary Shares to executive management and 200,000 to directors. Our Chief Executive Officer may receive performance -basedWarrants: 800,000 if the Company’s market capitalization exceeds $50 million at the end of Q2 2025, 900,000 if it exceeds $100 million at the end of Q3 2025, and 1,200,000 if it exceeds $250 million at the end of Q4 2025, with a maximum of 5,000,000 Warrants for the CEO in 2025. After 2025, a dynamic pool of Warrants equivalent to 25% of issued and outstanding Class A Ordinary Shares (non -diluted) will be available for allocation. Warrant Terms:Warrants grant the right, but not the obligation, to purchase one Class A Ordinary Share at an Exercise Price set by the Board in its absolute discretion at issuance. Warrants are granted at no cost, vest after three years, and expire after ten years. Unvested Warrants lapse upon termination for Non -RetainedLeavers (dismissed for misconduct, gross negligence, fraud, or during/non -renewalafter probation) or death, while Retained Leavers (other terminations) retain a pro -ratashare based on service time. The Board may modify conditions, ensuring no preferential treatment over continuing employees. Exercise is subject to Board availability and compliance with stock exchange regulations, including insider trading rules. Exercise and Transfer:Warrants are exercised by written request, with payment due before subscription. They are non -transferable, except to a wholly -ownedcompany or with Board approval. Adjustments and Taxation:The Board may adjust the Exercise Price or share number for capital structure changes, maintaining Warrant value. The Company is not responsible for tax consequences but may withhold applicable taxes. As of the date of this prospectus, the Board has approved to grant 1,700,000 warrants to Norma Ka Yin Chu, our Chief Executive Officer, Chairwoman and director; 300,000 to Ky