Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 137

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 5
Chunk 137
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 on selling our products through online e-commerce platforms
and offline distributors and retailers to overseas markets. We intend for the termination of business streams to reduce the company’s
overall net losses, and free up capital to be allocated into our other fast growing RTC, RTE and plant based product businesses.

On May 26, 2023, the Company
entered into a purchase agreement with Ms. Nona Lim and other selling shareholders to acquire 100% interest in Cook San Francisco, LLC.,
for cash of US$1,977,516, and shares of DDC equivalent to a value of approximately US$1,318,374. Cook San Francisco, LLC. operates the
brand “ Nona Lim”, an Asian food brand sells RTC product based in USA. This acquisition enables the Company to expand its customer
base into the US market.

On April 1, 2023, DDC Shanghai
entered into a purchase agreement with Ms. Chen Di and two other shareholders (“the Yuli Seller”) to acquire 51% equity interest
of Shanghai Yuli Development Limited (“ Yuli”). Yuli is principally engaged in sales of RTC and RTE gift product vouchers.
Acquisition of Yuli shall diversify the Company’s existing business portfolio and broaden the source of income of the Company. The
total consideration payable by the Company is a fixed cash consideration of RMB2.15 million. In addition, the Company may be required
to grant share options to the Yuli Seller at the end of each performance period, adjusted based on the achievement of Yuli’s revenue,
gross profit and net profit for each of the two performance periods during July 1, 2023 to December 31, 2024, over the target performance.

5. C. Research and Development, Patent and
Licenses, etc.

We regard our trademarks,
copyrights, domain names, know-how, patents, and similar intellectual property as critical to our success, and we rely on a combination
of intellectual property laws and contractual arrangements, including confidentiality and non-compete agreements with our employees and
others, to protect our proprietary rights As of December 31, 2023, we had registered 279 trademarks, 1 copyright of works and 5 computer
software copyrights in China, including three registered trademarks in Hong Kong

5. D. Trend Information

Other than as disclosed elsewhere
in this annual report, we are not aware of any trends, uncertainties, demands, commitments or events for the year ended December 31, 2023