Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 4

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 4
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 have not paid any dividends to our shareholders for the years ended December 31, 2024 and 2023. Our subsidiaries received an
aggregate transfer of $127,336,045.38 and $102,324,125.95 for the years ended December 31, 2024 and 2023, respectively, from the Company
to fund their business operations. Our Company received an aggregate transfer of $4,354,260.75 and $2,499,027.35 for the year ended December
31, 2024 and 2023, respectively, from its subsidiaries. In the future, any cash proceeds raised from overseas financing activities, including
this offering, may be transferred by us to our subsidiaries via capital contribution or shareholder loans, as the case may be. As a holding
company with no material operations of our own, we conduct our substantial operations through our Subsidiaries in China. As such, the
Chinese government may exercise oversight and discretion over the conduct of our business and may intervene in or influence our operations
at any time. Such governmental actions:

| ● | could result in a material change in our operations; |

| ● | could hinder our ability to continue to offer securities 
 to investors; and                                        |

| ● | may cause the value of our Class A Ordinary Shares to significantly 
 decline or be worthless.                                            |

Currently, we are not aware
there are any material restrictions on foreign exchange, the ability to transfer cash between our entities, or the ability to distribute
earnings to investors outside of China. Further, we are aware that recently, the Chinese government recently initiated a series of regulatory
actions and statements to regulate business operations in China with little advance notice, including cracking down on illegal activities
in the securities market, enhancing supervision over China-based companies listed overseas using entity variable interest entity (“VIE”)
structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement.
Since these statements and regulatory actions are new, it is highly uncertain how soon legislative or administrative regulation making
bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated,
if any, and the potential impact such modified or new laws and regulations will have on our operations given that we have clients from
Mainland China, the ability to accept foreign investments and list on an U.S. or other foreign exchange. Any future action by the Chinese
government expanding the categories of industries and