Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 160

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 160
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31,                  December 31,                  December 31,  
                                                                                                        2024                          2023                          2022          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Zhongcang Warehouse Co., Ltd.      An 18% subsidiary of the VIE of the Company      Storage fees      $                 21,075      $                 64,051      $             

f. Selling and marketing expenses - related
party consists of the following:

                                                       Relationship                       Nature                           Year Ended        Year Ended December 31,      Year Ended                
                                                                                                                           December 31,      2023                         December 31,              
                                                                                                                           2024                                           2022                      
  Kashi Jinwang Art Purchase E-commerce Co., Ltd.      100% owned by Nanjing Jinwang      Online advertising expenses      $                 $                            $                 43,590  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

In 2019, the Company entered into advertising
contract with Kashi Jinwang Art Purchase E-commerce Co., Ltd. pursuant to which the Company would use advertising space on Kashi Jinwang’s
website from January 1, 2019 to December 31, 2022. The Company was charged a yearly advertising fee of approximately $0.18million adjustable
by actual usage, which was approximately1.7% of the Company’s initial listing value of collectible or artwork at the time when
the contract was entered. On May 1, 2020, the contract between the Company and Kashi Jinwang Art Purchase E-commerce Co., Ltd. was amended
and the monthly advertising fee was fixed at1.5% of the initial listing value of collectible or artwork from May 1, 2020 to December
31, 2022. The contract was further amended on June 25, 2020, pursuant to which the fee will be2.25% of the initial listing value of collectibles
or artwork from July 1, 2020 to December 31, 2020, then return back to1.5% from January 1, 2021 to December 31, 2022. There has been
no new contract for the year ended December 31, 2024 and 2023.

F-29

ORIENTAL
C