Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 164

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 10
Chunk 164
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 joint holders, the number of joint holders to whom the ordinary share is to be transferred does not exceed four; and  

  a fee of such maximum sum as NYSE may determine to be payable or such lesser sum as our directors may from time to time require is paid to us in respect thereof.  
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If our directors refuse to
register a transfer they must, within two months after the date on which the instrument of transfer was lodged, send to each of the transferor
and the transferee notice of such refusal.

The registration of transfers
may, after compliance with any notice required of the NYSE, be suspended and the register closed at such times and for such periods as
our board of directors may from time to time determine; provided, however, that the registration of transfers may not be suspended nor
the register closed for more than 30 days in any year.

Calls on Shares and Forfeiture
of Shares. Our directors may from time to time make calls on our shareholders in respect of any moneys unpaid on their shares
including any premium in a notice served to such shareholders at least 14 calendar days prior to the specified time of payment. Any Class
A Ordinary Shares and Class B Ordinary Shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption of Shares. The
Companies Act and our Memorandum and Articles permit us to purchase our own shares. In accordance with our Articles, provided the necessary
shareholders or board approval have been obtained and requirements under the Companies Act have been satisfied, we may issue shares on
terms that are subject to redemption at our option on such terms and in such manner as may be determined by our board of directors.

Conversion of Shares. Under
our Articles, Class B Ordinary Shares are not convertible into Class A Ordinary Shares. Class A Ordinary Shares are not convertible into
Class B Ordinary Shares.

Inspection of Books and
Records. Holders of our shares have no general right under our Articles to inspect or obtain copies of our list of shareholders
or our corporate records. However, we will provide our shareholders with annual audited financial statements. See “ Where You Can
Find Additional Information.”

Issuance of Additional
Shares. Our Memorandum and Articles authorize our board of directors to issue additional Class A Ordinary Shares and Class B
Ordinary Shares from time to time as our board of directors shall determine, to the extent of available