Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 91

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 91
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 less than the exercise price of the original option or base price of the original
SAR without shareholder approval.

Limits on Transfers of Awards/Beneficiary
Designation. All awards are exercisable only by the participant during the participant’s lifetime, and are transferable
only by will or by the laws of descent and distribution; provided, however, that the Committee may permit a transfer of an award, other
than an incentive stock option, to a family member of an individual, subject to such restrictions as the Committee may provide.

Term. The Equity Plan is effective
immediately upon the adoption by our Board of Directors, subject to shareholder approval, and will terminate on the earliest to occur
of (i) the 10th anniversary of the Equity Plan’s effective date, or (ii) the date on which all shares available for issuance
under the Equity Plan shall have been issued as fully-vested shares.

6. C. Board Practices

Terms of Directors and Officers

Our officers are elected by and serve at the discretion
of the Board. Our directors may be elected by an ordinary resolution of our shareholders. Alternatively, our board of directors may, by
the affirmative vote of a simple majority of the directors present and voting at a board meeting appoint any person as a director to fill
a casual vacancy on our board. Our directors are not subject to a set term of office and hold office until the next general meeting called
for the election of directors and until their successor is duly elected or such time as they die, resign or are removed from office by
a shareholders’ ordinary resolution or the unanimous written resolution of all shareholders. A director will be removed from office
automatically if, among other things, the director becomes bankrupt or makes any arrangement or composition with his creditors generally
or is found to be or becomes of unsound mind.

Board Diversity Matrix

The following table sets forth Board level diversity statistics based on
self-identification of members of our Board as of May 9, 2025.

  Board Diversity Matrix (As of May 9, 2025)                      
 ──────────────────────────────────────────────────────────────────
  Country of Principal Executive Offices:            P. R. China  
  Foreign Private Issuer:                            Yes          
  Disclosure Prohibited Under Home Country Law:      No           
  Total Number of Directors                          7            

                                                                Female      Male      Non-Binary       Did Not  
                                                                                                      Disclose  
                                                                                                        Gender  
  Part I: Gender Identity                                                                                       
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