Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 166

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 10
Chunk 166
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 any future taxation (such undertakings are usually given for 20 years in the first instance);  
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  may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;  
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  may register as a limited duration company; and  
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  may register as a segregated portfolio company.  
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“ Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company.

10. C. Material Contracts

We have not entered into any
material contracts other than in the ordinary course of business and other than those described in “ Item 4. Information on the Company”,
“ Item 7. Major Shareholders and Related Party Transactions - B. Related Party Transactions,” or elsewhere in this annual
report on Form 20-F.

10. D. Exchange Controls

See “ Item 4. Information
on the Company

10. E. Taxation

The following discussion
of material Cayman Islands, Hong Kong, PRC, United States federal income tax consequences of an investment in our Class A Ordinary
Shares is based upon laws and relevant interpretations thereof in effect as of the date of this report, all of which are subject to change.
This discussion does not deal with all possible tax consequences relating to an investment in our Class A Ordinary Shares, such as the
tax consequences under state, local and other tax laws.

Cayman Islands Taxation

The following is a discussion
on certain Cayman Islands income tax consequences of an investment in our securities. The discussion is a general summary of present law,
which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor’s particular
circumstances, and does not consider tax consequences other than those arising under Cayman Islands law.

Payments of dividends and
capital in respect of our securities will not be subject to taxation in the Cayman Islands and no withholding will be required on the
payment of a dividend or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject
to Cayman Islands income or corporation tax.

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income,