Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 165

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 165
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 such terms and in such manner as may be determined by our board of directors.

Conversion of Shares.
Under our Articles, Class B Ordinary Shares are not convertible into Class A Ordinary Shares. Class A Ordinary Shares are not convertible
into Class B Ordinary Shares.

Inspection of Books and Records.Holders of our shares have no general right under our Articles to inspect or obtain copies of our list of shareholders
or our corporate records. However, we will provide our shareholders with annual audited financial statements. See “Where You Can
Find Additional Information.”

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Issuance of Additional Shares.Our Memorandum and Articles authorize our board of directors to issue preferred shares and additional Class A Ordinary Shares
and Class B Ordinary Shares from time to time as our board of directors shall determine, to the extent of available authorized but unissued
shares. Issuance of these shares may dilute the voting power of holders of Class A Ordinary Shares.

Anti-Takeover Provisions.Some
provisions of our Memorandum and Articles may discourage, delay or prevent a change of control of our company or management that shareholders
may consider favorable. Our authorized, but unissued preferred shares, Class A Ordinary Shares and Class B Ordinary Shares are available
for future issuance without shareholders’ approval and could be utilized for a variety of corporate purposes, including future offerings
to raise additional capital, acquisitions and employee benefit plans, or such other purposes as our directors may determine. The existence
of authorized but unissued and unreserved preferred shares, Class A Ordinary Shares and Class B Ordinary Shares could render more difficult
or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

Our Memorandum and Articles
also authorize our board of directors to establish from time to time one or more series of preferred shares and to determine, with respect
to any series of preferred shares, the terms and rights of that series, including:

| ● | the designation of the series; |

| ● | the number of shares of the series; |

| ● | the dividend rights, dividend rates, conversion rights, voting rights; |

| ● | the rights and terms of redemption and liquidation preferences; and |

| ● | any other powers, preferences and relative, participating, optional and other special rights. |

Our board of directors may
issue preferred shares without action by our shareholders to the extent authorized but unissued. Issuance of these shares may dilute the
voting power of holders of Class A