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

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 10
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 fluctuate significantly, which could have an adverse effect on the market price of our listed securities. For a detailed description of the risks above, please refer to pages 30 to 32. Risks Related to Our Bitcoin Strategy and Holdings •A significant decrease in the market value of our bitcoin holdings could adversely affect our ability to satisfy our financial obligations. •Our bitcoin strategy exposes us to various risks, including risks associated with bitcoin. •Bitcoin is a highly volatile asset, and fluctuations in the price of bitcoin have in the past influenced and are likely to continue to influence our financial results and the market price of our listed securities. •Bitcoin and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty. •Our historical financial statements do not reflect the potential variability in earnings that we may experience in the future relating to our bitcoin holdings. Risks Related to Doing Business in China and Hong Kong •A downturn in the Hong Kong, China or global economy, and economic and political policies of China could materially and adversely affect our business and financial condition. •The Hong Kong legal system embodies uncertainties which could limit the legal protections available to us. 4 •Uncertainties with respect to the PRC legal system, including uncertainties regarding the enforcement of laws, and sudden or unexpected changes in laws and regulations in China could adversely affect us. •The Chinese government exerts substantial influence over the manner in which we must conduct our business activities, and may intervene or influence our operations at any time, or may exert more oversight and control over offerings conducted overseas. Any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China -basedissuers could significantly limit or completely hinder our ability to offer or continue to offer our Class A Ordinary Shares to investors and could cause the value of our Class A Ordinary Shares to significantly decline or become worthless. •There are significant legal and other obstacles to obtaining information needed for shareholder investigations or litigation outside China or otherwise with respect to foreign entities. For a detailed description of the risks above, please refer to pages 44 to 62. Risks Related to Our Securities •An active trading market for our Class A Ordinary Shares may not be sustained. •Our dual -classshare structure with different voting rights will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial. •Our shares have traded under $5.00 per Class A Ordinary Share and thus