Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 39

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 39
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 loans or additional capital contributions 
 to our PRC subsidiary, which could materially and adversely affect our liquidity and our ability to fund and expand our business.”             
 on page 69.                                                                                                                                    |

| ● | Our business may be materially and adversely affected if any                                                                     
 of our PRC subsidiaries declare bankruptcy or become subject to a dissolution or liquidation proceeding. See “Risk Factors Risks 
 Relating to Doing Business in China and Hong Kong — Our business may be materially and adversely affected if any                 
 of our PRC subsidiaries declare bankruptcy or become subject to a dissolution or liquidation proceeding.” on page 70.            |

| ● | Fluctuations in exchange rates could adversely affect our                                                                          
 business and the value of our securities. See “Risk Factors Risks Relating to Doing Business in China and Hong Kong — Fluctuations 
 in exchange rates could adversely affect our business and the value of our securities.” on page 71.                                |

| ● | Restrictions on currency exchange may limit our ability to                                                                 
 utilize our revenues effectively. See “Risk Factors Risks Relating to Doing Business in China and Hong Kong — Restrictions 
 on currency exchange may limit our ability to utilize our revenues effectively.” on page 71.                               |

| ● | Dividends paid to our foreign investors and gains on the sale                                                                    
 of the Class A Ordinary Shares by our foreign investors may become subject to PRC tax. See “Risk Factors Risks Relating to Doing 
 Business in China and Hong Kong — Dividends paid to our foreign investors and gains on the sale of the Class                     
 A Ordinary Shares by our foreign investors may become subject to PRC tax.” on page 71.                                           |

| ● | We are a holding company and we rely on our subsidiaries for                                                                    
 funding dividend payments, which are subject to restrictions under PRC laws. See “Risk Factors Risks Relating to Doing Business 
 in China and Hong Kong — We are a holding company and we rely on our subsidiaries for funding dividend payments,                
 which are subject to restrictions under PRC laws.” on page 72.                                                                  |

| ● | Increases in labor costs in the PRC may adversely affect our                                                              
 business and results of operations. See “Risk Factors Risks Relating to Doing Business in China and Hong Kong — Increases 
 in labor costs in the PRC may adversely affect our business and results of operations.” on page 72.                       |

| ● | We are a Cayman Islands corporation and all of our business                                                                            
 is conducted in