Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066342
Chunk: 111

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 111
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 Chinese properties.

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For example, the Chinese cybersecurity
regulator announced on July 2, 2021 that it had begun an investigation of Didi Global Inc. (NYSE: DIDI) and two days later
ordered that Didi Global Inc.’s app be removed from smartphone app stores.

As such, our PRC subsidiaries
may be subjected to various government and regulatory interference in the provinces in which they operate. Our PRC subsidiaries could
be subject to regulations by various political and regulatory entities, including various local and municipal agencies and government
sub-divisions. We may incur increased costs necessary to comply with existing and newly adopted laws and regulations or penalties for
any failure to comply. If the PRC government initiates an investigation into us at any time alleging us violation of cybersecurity laws,
anti-monopoly laws, and securities offering rules in China in connection with our initial public offering, we may have to spend additional
resources and incur additional time delays to comply with the applicable rules, and our business operations will be affected materially
and any such action could cause the value of our securities to significantly decline or be worthless.

Further, any actions by the
PRC government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based
issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the
value of such securities to significantly decline or be worthless. We could be subject to regulation by various political and regulatory
entities, including various local and municipal agencies and government sub-divisions. The Company may incur increased costs necessary
to comply with existing and newly adopted laws and regulations or penalties for any failure to comply.

We are not aware of PRC laws
and regulations in force explicitly requiring that our Group or our PRC subsidiaries to obtain permission from PRC authorities to issue
securities to foreign investors (by DDC Cayman).There is no guarantee that we will continue to comply with additional filing requirements,
if any, in the future. Any new policies, regulations, rules, actions or laws by the PRC government may subject us to material changes
in operations, which could significantly limit or completely hinder our ability to offer or continue to offer securities to investors
and cause the value of our securities to significantly decline or become worthless.

There are significant legal and other obstacles to obtaining information needed for shareholder investigations or litigation outside China or otherwise with respect to foreign entities.

We conduct most of our business
operations