Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 38

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 38
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 PRC governmental authorities provided under the M&A rules are not required in connection with this offering, and, if required,     
 we cannot predict whether we will be able to obtain such approval. Except for the CSRC filing for this issuance and listing, we are not      
 required to obtain any permission or approval from any Chinese authority to issue securities to foreign investors or in connection with      
 this offering. We completed the CSRC filing in November 2023. However, there is no guarantee that we will continue to comply with additional 
 filing requirements, if any, in the future. See “Risk Factors — Risks Relating to Doing Business in China and                                
 Hong Kong — The approval of the China Securities Regulatory Commission and other PRC governmental authorities provided                       
 under the M&A rules are not required in connection with this offering, and, if required, we cannot predict whether we will be able           
 to obtain such approval. Except for the CSRC filing for this issuance and listing, we are not required to obtain any permission or approval  
 from any Chinese authority to issue securities to foreign investors or in connection with this offering. We completed the CSRC filing        
 in November 2023. However, there is no guarantee that we will continue to comply with additional filing requirements, if any, in the         
 future.” on page 66.                                                                                                                         |

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| ● | 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. See “Risk Factors Risks Relating to Doing Business in China and Hong Kong — 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.” on page 69.                                                     |

| ● | 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 of this offering    
 to make loans or additional capital contributions to our PRC subsidiary, which could materially and adversely affect our liquidity and         
 our ability to fund and expand our business. See “Risk Factors — Risks Relating to Doing Business in China and                                 
 Hong Kong — 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 of this offering to make