Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 193

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 16F
Chunk 193
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 Asia has not, however, reported on the Company’s consolidated financial statements
for those years or any period.

The Company has reviewed its
needs and evaluated potential public accounting firms to determine the most suitable independent registered public accounting firm for
the fiscal year ended December 31, 2023, and the fiscal year ending December 31, 2024.

As previously announced in
the Form 6-K filed by the Company with the SEC on October 4, 2024 (the “ October 6-K”), on September 30, 2024 (the “ Second
Effective Date”), the Company dismissed Marcum Asia as the Company’s independent registered public accounting firm. Such dismissal
was approved by the Audit Committee as of the Second Effective Date.

From the time of appointment
on August 30, 2024 through the Second Effective Date there were no “disagreements” (as defined in Item 16F(a)(1)(iv) of Form
20-F) with Marcum Asia on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure,
which if not resolved to Marcum Asia’s satisfaction would have caused Marcum Asia to make reference to the disagreements in connection
with Marcum Asia’s report.

During the Company’s
fiscal year ended December 31, 2022, and 2023 and the interim period through the Second Effective Date there were no “reportable
events” (as defined in Item 16F(a)(1)(v) of Form 20-F) except as described below:

  (i)      There was a material weakness identified attributable to our                                                                            

  (ii)      Marcum Asia became aware of various allegations against the                                                                                         
            Company by a former service provider regarding alleged related party transaction that have not been disclosed and alleged improper value-added-tax  
            transactions and other matters. Marcum Asia advised the Company that it needed to expand the scope of its audit to address these allegations.       
            Expanding the scope of the audit may materially impact the fairness or reliability of the Company’s previously issued financial                     
            statements; or the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent              
            financial statements covered by an audit report, or prevent Marcum Asia from issuing an unqualified audit report or from relying on management’s    
            representations or be associated with the Company’s financial statements.                                                                           
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