Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 92

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 92
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 S. listed public company that is not a foreign private issuer, we will incur significant additional
legal, accounting and other expenses that we will not incur as a foreign private issuer, and accounting, reporting and other expenses
in order to maintain a listing on a U. S. securities exchange.

Failure to comply with anticorruption and
anti-money laundering laws, including the FCPA and similar laws associated with activities outside of the United States, could subject
us to penalties and other adverse consequences.

We are subject to the Foreign
Corrupt Practices Act of 1977, as amended, 15 U. S. C. §§ 78dd-1, et seq., referred to as the FCPA, the U. S. domestic
bribery statute contained in 18 U. S. C. § 201, the U. S. Travel Act, the USA PATRIOT Act, the UK Bribery Act, and possibly other
anti-bribery and anti-money laundering laws in countries in which we conduct activities. We face significant risks if we fail to comply
with the FCPA and other anti-corruption laws that prohibit companies and their employees and third-party intermediaries from promising,
authorizing, offering, or providing, directly or indirectly, improper payments or benefits to foreign government officials, political
parties, and private-sector recipients for the purpose of obtaining or retaining business, directing business to any person, or securing
any advantage. Any violation of the FCPA, other applicable anti-corruption laws, and anti-money laundering laws could result in whistleblower
complaints, adverse media coverage, investigations, loss of export privileges, or severe criminal or civil sanctions, which could have
a material adverse effect on our reputation, business, operating results, and prospects. In addition, responding to any enforcement action
may result in a significant diversion of management’s attention and resources, significant defense costs, and other professional
fees.

We expect to incur significant additional
costs as a result of being a public company, which may materially and adversely affect our business, financial condition and results of
operations.

Upon completion of our IPO,
we expect to incur costs associated with corporate governance requirements that will become applicable to us as a public company, including
rules and regulations of the SEC, under the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,
and the Exchange Act, as well as the rules of the NYSE. These