Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 56

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 56
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ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

You should read the following discussion and
analysis of our financial condition and results of operations in conjunction with our consolidated financial statements and the related
notes included elsewhere in this annual report on Form 20-F. This discussion may contain forward-looking statements based upon
current expectations that involve risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking
statements as a result of various factors, including those set forth under “ Item 3. Key Information - D. Risk Factors”
or in other parts of this annual report on Form 20-F.

5A. Operating Results

Overview

We are an online provider of collectibles and
artwork e-commerce services, which allow collectors, artists and art dealers and owners to access a much bigger collectable and art trading
market where they can engage with a wider range of collectibles and artwork investors than they could likely encounter without our platforms.
We currently facilitate trading by individual and institutional customers of all kinds of collectibles and artwork and certain commodities
on our online platform owned by our subsidiaries in Hong Kong, namely the China International Assets and Equity of Artworks Exchange Limited.
We commenced our operations in March 2018 and our customer trading volume has been growing rapidly until the outbreak of COVID-19. We
also provide online and offline integrated marketing, storage and technical maintenance services to our customers in China.

According to the report of “ E-commerce in China 2023” released
by Ministry of Commerce of People’s Republic of China, China’s e-commerce continued to grow in 2023. Data of National Bureau
of Statistics of China indicates that in 2023, the national e-commerce transaction volume reached RMB 45.5 trillion (approximately $6.41
trillion), an increase of 8.5% year-on-year.

On many mainstream e-commerce platforms, sales
of cultural products such as arts and crafts have flourished and developed rapidly, and art and collectibles related e-commerce business
is gradually growing. Online trading has become a major trend of the global art and collectibles trade. As a comprehensive service provider
with rich cultural and art collection and collectibles market operations and marketing experience, we seized development opportunities
and provide online and offline supporting services for domestic and international art and collectibles e-commerce business.

We provide customers of our online platform with
comprehensive services, including account opening, art investment education, market information, research, real-time customer support