Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 241

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 241
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Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The update clarifies
that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security
and, therefore, is not considered in measuring fair value. The update also clarifies that an entity cannot, as a separate unit of account,
recognize and measure a contractual sale restriction. The update also requires certain additional disclosures for equity securities subject
to contractual sale restrictions. The amendments in this update are effective for the Company beginning January 1, 2024 on a prospective
basis. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for
issuance. The Company does not expect that the adoption of this guidance will have a material impact on its financial position, results
of operations and cash flows.

In November 2023, the FASB issued ASU 2023-07,
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, to update reportable segment disclosure requirements. The
amendment is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December
15, 2024, with early adoption permitted. The amendment should be applied retrospectively to all prior periods presented in the financial
statements. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial
statements and related disclosures.

In December 2023, the FASB issued ASU 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures, amending existing income tax disclosure guidance, primarily requiring
more detailed disclosure for income taxes paid and the effective tax rate reconciliation. For public business entities, the amendments
in this ASU are effective for annual periods beginning after December 15, 2024. For entities other than public business entities, the
amendments are effective for annual periods beginning after December 15, 2025. Early adoption permitted and can be applied on either a
prospective or retroactive basis. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated
financial statements and related disclosures.

3. CASH, CASH EQUIVALENTS AND RESTRICTED CASH

A reconciliation of cash, cash equivalents and
restricted cash in the consolidated balance sheets to the amounts in the consolidated statement of cash