Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 157

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 157
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 a result, our management will have broad discretion in the allocation
of the net proceeds and investors will be relying on the judgment of our management regarding the application of the proceeds of any sale
of the securities. If a material part of the net proceeds is to be used to repay indebtedness, we will set forth the interest rate and
maturity of such indebtedness in a prospectus supplement. Pending use of the net proceeds will be deposited in interest bearing bank accounts.

<div align='center'>86

DILUTION</div>

If required, we will set forth
in a prospectus supplement the following information regarding any material dilution of the equity interests of investors purchasing securities
in an offering under this prospectus:

| ● | the net tangible book value per share of our equity securities before and after the offering;                                                  |
| ● | the amount of the increase in such net tangible book value per share attributable to the cash payments made by purchasers in the offering; and |
| ● | the amount of the immediate dilution from the public offering price which will be absorbed by such purchasers.                                 |

<div align='center'>87

DESCRIPTION OF SHARE CAPITAL</div>

The following description
of our share capital (which includes a description of securities we may offer pursuant to the registration statement of which this prospectus,
as the same may be supplemented, forms a part) does not purport to be complete and is subject to and qualified in its entirety by our
tenth amended and restated memorandum and articles of association (the “M&A”) and by the applicable provisions
of Cayman Islands law.

Our authorized share capital
is US$80,188,000 divided into 200,000,000 Class A Ordinary Shares of par value US$0.4 each, 1,750,000 Class B Ordinary Shares of US$0.016
par value each, and 10,000,000 preferred shares of par value US$0.016 each. As of the date hereof, there are 8,307,583 Class A Ordinary
Shares and 875,000 Class B Ordinary Shares issued and outstanding.

The following description
of our share capital is intended as a summary only and is qualified in its entirety by reference to the M&A, which have been filed
previously with the SEC, and applicable provisions of Cayman Islands law.

We, directly or through agents,
dealers or underwriters designated from time to time, may offer, issue and sell, together or separately, up to $