Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 7

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 7
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 adoption increases, the opportunity for appreciation in value, and (iii) the Bitcoin network provides the infrastructure and opportunity for the development of financial and technological innovations. On February 21, 2025, our Board of Directors adopted a Treasury Reserve Policy (as amended to date, the “Treasury Reserve Policy”) that updated our treasury management and capital allocation strategies, under which our treasury reserve assets will consist of: •cash and cash equivalents and short -terminvestments (“Cash Assets”) held by us that exceed working capital requirements; and •bitcoin held by us, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for Cash Assets. On May 15, 2025, we adopted, in addition to and in conjunction with our Treasury Reserve Policy, a corporate strategy of acquiring and holding bitcoin, including with the proceeds of capital raising transactions. 1 Our bitcoin strategy generally involves from time to time, subject to market conditions, (i) issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin and (ii) acquiring bitcoin with our liquid assets that exceed working capital requirements. We intend to fund further bitcoin acquisitions primarily through issuances of common stock and a variety of fixed -incomeinstruments, including debt, convertible notes and preferred stock. We view our bitcoin holdings as long -termholdings and expect to continue to accumulate bitcoin. We have not set any specific target for the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional financings to purchase additional bitcoin. This overall strategy also contemplates that we may (i) enter into additional capital raising transactions that are collateralized by our bitcoin holdings, and (ii) consider pursuing strategies to create income streams or otherwise generate funds using our bitcoin holdings. Our Bitcoin Holdings We currently hold 1,083 bitcoins with an average price per bitcoin paid of $108,726. We have not yet had any bitcoin dispositions. Corporate History and Structure DDC Enterprise Limited is a Cayman Islands holding company and conducts its operations primarily in China through its wholly -ownedor controlled subsidiaries. We are a food innovator with leading content driven (i.e. using content to reach and engage target customers) consumer brands offering easy, convenient RTH, RTC, RTE and plant -basedmeal products (i.e. meal products consisting largely or solely of vegetables, fruits, grains and other foods derived from plant -basedprotein, rather