Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 171

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 171
---
 shareholders effect such transactions by selling Class A Ordinary Shares to or through underwriters, broker-dealers or
agents, such underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions from
the selling shareholders or commissions from purchasers of the Class A Ordinary Shares for whom they may act as agent or to whom they
may sell as principal (which discounts, concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess
of those customary in the types of transactions involved). In connection with sales of the Class A Ordinary Shares or otherwise, the selling
shareholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Class A Ordinary
Shares in the course of hedging in positions they assume. The selling shareholders may also sell Class A Ordinary Shares short and deliver
Class A Ordinary Shares covered by this prospectus to close out short positions and to return borrowed shares in connection with such
short sales. The selling shareholders may also loan or pledge Class A Ordinary Shares to broker-dealers that in turn may sell such shares.

<div align='center'>92</div>

Each selling stockholder
is an “underwriter” with respect to the ELOC Shares within the meaning of Section 2(a)(11) of the Securities Act, and any
profits on the sales of the ELOC Shares by the selling stockholders and any discounts, commissions, or concessions received by the selling
stockholders with respect to the ELOC Shares are deemed to be underwriting discounts and commissions under the Securities Act.

The selling shareholders may
pledge or grant a security interest in some or all of the Shares, the Commitment Shares, the ELOC Shares, the Notes or the Warrants or
ordinary owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer
and sell the Class A Ordinary Shares from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3)
or other applicable provision of the Securities Act amending, if necessary, the list of selling shareholders to include the pledgee, transferee
or other successors in interest as selling shareholders under this prospectus. The selling shareholders also may transfer and donate the
Class A Ordinary Shares in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be
the selling beneficial owners for purposes of this prospectus.

At the time