Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 33

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 33
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governments should re-evaluate the necessity of transactions of stamps, coins and magcards, considering the development and interests
of the economic society, as well as risks, efficiencies and costs. Provided that a provincial government does considers it necessary to
maintain transactions of stamps, coins and magcards, the provincial government may appoint a stamps, coins and magcards exchange to organize
stamps, coins and magcards transactions by way of transfer of property through agreements. Such exchange must have obtained permission
from the provincial government, passed the examination and acceptance check of the provincial government and completed filings at relevant
joint meetings. In addition, such exchange must be in strict compliance with Decision No.38 and Opinion No.37, shall not adopt or allow
concentrated bidding or other types of centralized trading, and the interval between sale and purchase of a same commodity shall not be
less than 5 trading days.

Measures Of Jiangsu Province on The Supervision
and Administration of Trading Exchanges (“ Jiangsu Trading Exchange Measures”) were issued by the Jiangsu Financial Supervision
Bureau on March 1, 2023. According to Jiangsu Trading Exchange Measures, trading exchanges that are established in the administrative
region of the Jiangsu province with its name contains the words “exchange” or “trading center” engaging in equity
or commodity trading, excluding vehicles and real estate trading places and trading exchanges of financial products approved by the financial
management department of the State Council are subject to this Jiangsu Trading Exchange Measures and shall obtain prior approval. The
branch offices of the trading exchanges from other provinces are subject to these measures as well. The subsidiaries of the VIE in China
do not use any name of trading center or trading exchange and they only provide maintenance, supporting and warehouse services to the
trading platforms in Hong Kong.

Additionally, there is a Notice On Further Strengthening
The Supervision Of All Kinds Of Trading Places In The Province, released by Jiangsu Financial Office on July 25, 2016, according to which,
the “accredited investor” in any trading place should meet the following criteria and provide assets proof when opening an
account:

  (1)      The investor’s available fund balance at the time of opening an escrow account shall not be less than RMB 500,000 (approximately $70,000); and  

  (2)      The market value of the investor’s assets shall not be less than RMB 2 million (approximately $290