Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 153

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 8
Chunk 153
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 Kong, claiming, inter
alia, damages of at least US$584,361 with interest and costs based on breaches of a written “ Shareholder’s Loan Agreement”
(as amended). On November 29, 2024, DDC filed and served a Form 16C in which DDC admitted the claim and applied for an order allowing
DDC to make payment by cash and/or share equivalent. On December 18, 2024 the HK Court rendered judgment ordering DDC to pay US$584,361
or its HKD equivalent, plus interest and fixed costs at HKD11,045. On January 16, 2025, Plaintiff served a statutory demand under HK law
against DDC in which it threatened to wind up DDC. Plaintiff has commenced a court proceeding in New York to recognize and enforce the
HK court judgment.

On November 7, 2024, Plaintiff
Yosemite Protein Products, Inc., a supplier filed an action against Cook San Francisco, LLC. The supplier asserted claims for breach of
contract of US$126,352.56. We filed an answer to the complaint and intends to defend us in the lawsuit.

On October 18, 2024, CorProminence LLC (“ Core IR”) sued
us for breach of contract in connection with claims arising from our alleged breach of a Marketing and Consulting Agreement with Core
IR and other alleged promises to pay certain sums to Core IR. Core IR seeks damages of approximately $530,000. We have answered the Complaint
and denied the allegations, and the case is now in discovery.

Dividend Policy

For the years ended December 31, 2024, 2023 and 2022, we
have not declared any dividend. We do not anticipate declaring or paying dividends in the foreseeable future. We intend to retain all
available funds and any future earnings to fund the development and expansion of our business.

Item 9. The Offer and Listing