Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 100

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 4
Chunk 100
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 across the value-chain with a focus on supplementing
and/or complementing our existing products, sales channels, customer-base and/or allow us to optimize our existing brand marketing
and sales channel management capabilities. There can be no assurances that we will be successful in generating revenues internationally.
For example, our M& A strategy may not identify M& A candidates and acquisitions that are completed may not be successfully integrated
into our operations and may not produce significant international revenues. Apart from executing acquisitions with considerations paid
through share exchanges, we will consider raising funds from investors to have an option to acquire companies through a mixture of cash
and equity.

4. C. Organizational structure

The chart below summarizes our corporate structure
and identifies our principal subsidiaries as of the date of this annual report (All holdings without specifying the percentage are 100%):

4. D. Property, plants and equipment

We are headquartered in Shanghai,
China and have offices in Shanghai, Fujian, Hongkong and U. S. As of the date of this annual report, we have leased office space and warehouses
in our key markets. We lease our premises under operating lease agreements from independent third parties. We believe that our existing
facilities are generally adequate to meet our current needs, but we expect to seek additional space as needed to accommodate future growth.

Item 4A. Unresolved Staff Comments