Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 14

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 14
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 of China. •“mainland China,” “PRC” or “China” refers to the People’s Republic of China, excluding, for the sole purpose of this prospectus, Hong Kong, Macau and Taiwan, unless the context otherwise indicates. •“Ordinary Shares” refers to our Class A Ordinary Shares and our Class B Ordinary Shares, taken together. •“RMB” or “Renminbi” refers to the legal currency of China. •“paid customers”, with respect to a certain point of time, refers to the Company’s current and past customers who had, as of that point of time, purchased product or service from the Company. •SEC” means the United States Securities and Exchange Commission; •“Shares” or “shares” refers to any share in the capital of the Company, including the Class A Ordinary Shares; •“US$,” “U.S. dollars,” “$” and “dollars” refer to the legal currency of the United States; and •“we”, “us”, “our company” and “our” refer to DDC Enterprise Limited and its consolidated subsidiaries. We conduct operations in China through our subsidiaries. The expressions “associated company,” “related corporation” and “subsidiary” shall have the respective meanings ascribed to them in the Companies Act, as the case may be. Any discrepancies in tables included herein between the total sum of amounts listed and the totals thereof are due to rounding. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures that precede them. Unless the context otherwise requires, a reference to “ we,” “ our,” “ us,” “ our Group” or “ our Company” or their other grammatical variations is a reference to DDC Enterprise Limited and its subsidiaries taken as a whole. Certain of our customers and suppliers are referred to in this prospectus by their trade names. Our contracts with these customers and suppliers are typically with an entity or entities in the relevant customer or supplier’s group of companies. Internet site addresses in this prospectus are included for reference only and the information contained in any website, including our website, is not incorporated by reference into, and does not form part of, this prospectus. 7 Market and Industry Data We are responsible for the information contained in this prospectus and any free writing prospectus we prepare or authorize. This prospectus includes statistical and other industry and market data that we obtained from industry publications and research, surveys and studies conducted by third parties, as well estimates by