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

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 15
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 shares
with a par value of US$0.00005 per share of which (x) 900,000,000 shares are designated as ordinary shares with a par value of US$0.00005
per share and (y) 100,000,000 shares are designated as preferred shares with a par value of US$0.00005 per share, to (b) US$50,000 divided
into 280,000,000 shares of which (x) 180,000,000 shares are designated as ordinary shares with par value of US$0.00025 per share and (y)100,000,000
shares are designated as preferred shares with par value of US$0.00005 per share.

On May 31, 2024, the Company entered into a Securities
Purchase Agreement (the “ Agreement”) with certain purchasers identified on the signature page thereto (the “ Purchasers”),
pursuant to which the Company agreed to sell to the Purchasers in a private placement 14,000,000 ordinary shares (the “ Shares”)
of the Company, at a purchase price of $0.50 per share for an aggregate price of $7,000,000 (the “ Private Placement”).
In connection with offering, the Company has also agreed to issue the warrants to the Purchasers to purchase up to an aggregate of 14,000,000
ordinary shares at an exercise price of $0.50 per share (the “ Warrants”). The Warrants have a term of two years and
are exercisable by the holder at any time on or after six months after the issuance date. The Private Placements will be completed
pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. The Company
also agreed to pay a service fee to China Stamp which including $300,000 in cash and 840,000 shares of the Company’s ordinary shares
pursuant to a financing advisory agreement in connection with the Private Placement. On April 25, 2025, 1,530,000 warrants were exercised
by one of the holders on a cashless basis for 1,324,587 ordinary shares of the Company.

On January 23, 2025, the Board of Directors of the Company approved
the appointment of Mr. Aimin Kong as the Chief Operating Officer (“ COO”) of the Company for a term of 5 years and agreed