Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 63

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 63
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may also take actions requiring us, or making it advisable for us, to halt our future securities offering before the settlement and delivery
of the securities that we may offer in the future. Consequently, if you engage in market trading or other activities in anticipation of
and prior to the settlement and delivery of the securities we may offer in the future, you would be doing so at the risk that the settlement
and delivery may not occur. Besides, any failure of us to fully comply with any new regulatory requirements may significantly limit or
completely hinder our ability to offer or continue to offer our Class A Ordinary Shares, cause significant disruption to our business
operations, and severely damage our reputation, which would materially and adversely affect our financial condition and results of operations
and cause our Class A Ordinary Shares to significantly decline in value or become worthless.

Changes in China’s economic, political
or social conditions or government policies could have a material adverse effect on our Company’s business and results of operations
we may pursue in the future.

A part of our operations is
located in mainland China and Hong Kong, and thus, or business, prospects, financial condition and results of operations may be influenced
to a significant degree by political, economic and social conditions in China generally and by continued economic growth in China as a
whole. Policies, regulations, rules, and the enforcement of laws of the PRC government can have significant effects on economic conditions
in the PRC and the ability of businesses to operate profitably. Our ability to operate profitably in the PRC and Hong Kong may be
adversely affected by changes in policies by the PRC government, including changes in laws, regulations or their interpretation, particularly
those dealing with the Internet, including censorship and other restriction on material which can be transmitted over the Internet, security,
intellectual property, money laundering, taxation and other laws that affect our PRC and Hong Kong subsidiaries’ ability to
operate its business.

Any actions by the PRC government
to exert more oversight and control over offerings (including businesses whose primary operations are in Hong Kong) that are conducted
overseas and/or foreign investments in Hong Kong- or PRC-based issuers could significantly limit or completely hinder our ability
to offer or continue to offer securities to investors and cause the value of our securities to significantly decline or be worthless.

PRC regulation of loans to and direct investment
in PRC entities by offshore holding companies and governmental control of currency conversion may delay us from using part of the proceeds
from securities