Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 140

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 140
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 of Arts degree, majoring
in East Asian Studies and has spent over 40 years living and working in Asia.

Samuel Chun Kong Shihis
our independent director. Mr. Samuel Chun Kong Shih has been a Partner and Chief Operating Officer of OYO Hotel Company, a unicorn
start-up backed by Softbank in China, from November 2018 to March 2020. From April 1990 to March 2008. Mr. Shih
worked for PepsiCo Inc. and held various senior positions such as Vice President - Operations, Asia Pacific, Vice President - China
Bottling Operations and After PepsiCo, Mr. Samuel Chun Kong Shih served as Asia Pacific Managing Director for Red Bull GmbH from
April 2008 to April 2011. From 2011 to 2012, Mr. Shih served as the Chairman of Greater China at Accor Inc. He later served
as Chief Executive Officer of PepsiCo Investment (China) Limited from 2012 to 2015. Mr. Samuel Chun Kong Shih received a bachelor
of science degree in food science from the University of British Columbia in 1988 and a MBA from Asia International Open University in
1993.

6. B. Compensation

Except for employment contracts
with our executive officers which provide for severance benefits, none of our directors and executive directors have service contracts
with DDC Cayman or any of its subsidiaries providing for benefits upon termination of employment.

In 2024, we paid an aggregate of RMB9.6 million (US$1.3 million)
in cash to our executive officers and non-executive directors. We have not set aside or accrued any amount to provide pension, retirement
or other similar benefits to our directors and executive officers.

Pre-IPO Employee Share Option Plan

We approved an employee option plan from 2014 to 2022 in order to provide
incentives and rewards to our directors, senior management and employees (the “ Pre-IPO ESOP”). Share options awarded under
the Pre-IPO ESOP are vested based on the service conditions up to four years agreed with each of the participants in their grant letters,
with exercise prices ranging from US$0.0016 to US$30.6. In addition, the share options can only be exercised and converted into shares
upon the completion of our initial public offering. Each share option has a contractual life of 10 years. As of December 31, 2024, a total