Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 91

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 91
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 Israel-Hamas conflict to other countries in the Middle East.                                                                        |

Bitcoin and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty

Bitcoin and other digital assets are relatively
novel and are subject to significant uncertainty, which could adversely impact their price. The application of state and federal securities
laws and other laws and regulations to digital assets is unclear in certain respects, and it is possible that regulators in the United
States or foreign countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of bitcoin
or the ability of individuals or institutions such as us to own or transfer bitcoin.

The U.S. federal government, states, regulatory
agencies, and foreign countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions,
that could materially impact the price of bitcoin or the ability of individuals or institutions such as us to own or transfer bitcoin.
For example, within the past several years:

| ● | President Trump signed an executive order instructing a working                                                                        
 group comprised of representatives from key federal agencies to evaluate measures that can be taken to provide regulatory clarity and  
 certainty built on technology-neutral regulations for individuals and firms involved in digital assets, including through well-defined 
 jurisdictional regulatory boundaries;                                                                                                  |

| ● | the European Union adopted Markets in Crypto Assets Regulation                                                         
 (“MiCA”), a comprehensive digital asset regulatory framework for the issuance and use of digital assets, like bitcoin; |

| ● | in June 2023, the SEC filed complaints against Binance Holdings                                                                      
 Ltd. and Coinbase, Inc., and their respective affiliated entities, relating to, among other claims, that each party was operating as 
 an unregistered securities exchange, broker, dealer, and clearing agency;                                                            |

| ● | in November 2023, the SEC filed a complaint against Payward                                                                       
 Inc. and Payward Ventures Inc., together known as Kraken, alleging, among other claims, that Kraken’s crypto trading platform was 
 operating as an unregistered securities exchange, broker, dealer, and clearing agency;                                            |

| ● | in June 2023, the United Kingdom adopted and implemented the                                                
 Financial Services and Markets Act 2023 (“FSMA 2023”), which regulates market activities in “cryptoassets;” |

| ● | in November 2023, Binance Holdings Ltd. and its then chief                                                                                 
 executive officer reached a settlement with the U.S. Department of Justice, CFTC,