Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 86

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 86
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2023; (ii) expected or pending civil, criminal, regulatory enforcement           
 or other high profile actions against major participants in the bitcoin ecosystem, including the SEC’s enforcement actions against               
 Coinbase, Inc. and Binance Holdings Ltd.; (iii) additional filings for bankruptcy protection or bankruptcy proceedings of major digital          
 asset industry participants, such as the bankruptcy proceeding of FTX Trading and its affiliates; and (iv) the actual or perceived environmental 
 impact of bitcoin and related activities, including environmental concerns raised by private individuals, governmental and non-governmental      
 organizations, and other actors related to the energy resources consumed in the bitcoin mining process;                                          |

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| ● | changes in consumer preferences and the perceived value or 
 prospects of bitcoin;                                      |

| ● | competition from other digital assets that exhibit better                                                                            
 speed, security, scalability, or energy efficiency, that feature other more favored characteristics, that are backed by governments, 
 including the U.S. government, or reserves of fiat currencies, or that represent ownership or security interests in physical assets; |

| ● | a decrease in the price of other digital assets, including                                                                                        
 stablecoins, or the crash or unavailability of stablecoins that are used as a medium of exchange for bitcoin purchase and sale transactions,      
 such as the crash of the stablecoin Terra USD in 2022, to the extent the decrease in the price of such other digital assets or the unavailability 
 of such stablecoins may cause a decrease in the price of bitcoin or adversely affect investor confidence in digital assets generally;             |

| ● | the identification of Satoshi Nakamoto, the pseudonymous person                                                                      
 or persons who developed bitcoin, or the transfer of substantial amounts of bitcoin from bitcoin wallets attributed to Mr. Nakamoto; |

| ● | developments relating to the Bitcoin protocol, including (i)                                                                               
 changes to the Bitcoin protocol that impact its security, speed, scalability, usability, or value, such as changes to the cryptographic    
 security protocol underpinning the Bitcoin blockchain, changes to the maximum number of bitcoin outstanding, changes to the mutability     
 of transactions, changes relating to the size of blockchain blocks, and similar changes, (ii) failures to make upgrades to the Bitcoin     
 protocol to adapt to security, technological, legal or other challenges, and (iii) changes to the Bitcoin protocol that introduce software 
 bugs, security risks or other elements that adversely affect bitcoin;                                                                      |

| ● | disruptions, failures, unavailability, or interruptions in                                                                                
 service of