Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 28

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 28
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 38 BTC.

<div align='center'>10</div>

On June 20, 2025, the Company entered into three separate subscription agreements (the “Subscription Agreements”) with three investors (the “Investors”). Pursuant to the Subscription Agreements, the Investors agreed to subscribe for and purchase, and the Company agreed to sell to the three Investors, (i) an aggregate of 266,444 Class A Ordinary Shares, at a purchase price of $9.00; (ii) an aggregate of 308,833 Class A Ordinary Shares at a purchase price of $12.00; and (iii) an aggregate of 259,244 Class A Ordinary Shares at a purchase price of $18.50, respectively, to be paid in bitcoin cryptocurrency, for aggregate consideration of 100 bitcoins. Please refer to the Current Report on Form 6-K filed by the Company with the SEC on July 3, 2025 for more information. On July 1, 2025, DDC completed the initial closing of its financings of up to an aggregate of $528 million capital raise with Anson Funds, among others. These financings are expected to provide DDC with immediate capital to execute its corporate Bitcoin accumulation strategy. The initial closings of this comprehensive financing includes:

| ● | Closing of $26 million strategic PIPE investment from premier Bitcoin and                                       
 digital asset investors, which included conversion of outstanding debt to further strengthen the balance sheet. |

| ● | Funding of $25 million by issuance of first tranche of convertible notes                                       
 (with committed additional capacity of up to $275 million available in subsequent drawdowns) with Anson Funds. |

| ● | Funding of $2 million in a private placement from Anson Funds in addition 
 to a $200 million equity line of credit.                                  |

Please refer to the Current Report on Form 6-K filed by the Company with the SEC on July 11, 2025 for more information regarding the financings. On July 7, 2025, the Company announced the acquisition of an additional 230 Bitcoin (BTC) as part of its ongoing corporate treasury strategy. On July 10, 2025, the Company announced that it has signed a non-binding memorandum of understanding with Animoca Brands to develop and implement strategies that maximize yield for the Web3 leader’s Bitcoin assets while managing associated risks. On July 14, 2025, the Company announced the launch of the DDC Bitcoin Influence Collective, a transformative initiative designed to