Company: OCG
Filing Date: 2025-04-30
Form Type: NT 20-F
Source: 0001213900-25-037658
Chunk: 5

Company: Oriental Culture Holding LTD
Filing Date: 2025-04-30
Form: NT 20-F
Chunk 5
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 |       |     | Variance 
 Amount   |           |     | % |       |    |
|:---------------------------------------------|:----|:---------------------------------|:-----------|:--|:----|:--|------:|:----|:--------|:-----------|:--|:----|:--|------:|:----|:---------|----------:|:----|:--|:------|:---|
| Selling and marketing                        |     | $                                | (207,842   | ) |     |   |   5.7 |     | $       | (618,111   | ) |     |   |  11.2 |     | $        |   410,269 |     |   | (66.4 | )% |
| General and administrative                   |     |                                  | (3,325,474 | ) |     |   |  91.4 |     |         | (4,657,438 | ) |     |   |  84.5 |     |          | 1,331,964 |     |   | (28.6 | )% |
| General and administrative – related parties |     |                                  | (104,391   | ) |     |   |   2.9 |     |         | (234,289   | ) |     |   |   4.3 |     |          |   129,898 |     |   | (55.4 | )% |
| Total operating expenses                     |     | $                                | (3,637,707 | ) |     |   | 100.0 |     | $       | (5,509,838 | ) |     |   | 100.0 |     | $        | 1,872,131 |     |   | (34.0 | )% |

Selling expenses decreased by approximately $0.4
million, or 66.4%, from approximately $0.6 million for the year ended December 31, 2023 to approximately $0.2 million for the same period
in 2024. The decrease was primarily due to the decrease in marketing expenses of approximately $0.2 million as we paid less commissions
due to less new listings and traders introduced by third parties. The Company has two types of reward program, one is to rebate directly
to customers while the other is to reward third party sales agents. Rebates to customers