Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 148

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 148
---
 share-based compensation will decrease our profitability,
perhaps materially, and the additional securities issued under share-based compensation plans will dilute the ownership interests of our
shareholders. However, if we limit the scope of our share-based compensation plan, we may not be able to attract or retain key personnel
who expect to be compensated by options.

If we fail to meet applicable listing requirements, the NYSE American may delist our Class A Ordinary Shares from trading, in which case the liquidity and market price of our Class A Ordinary Shares could decline.

We cannot assure you that
we will be able to meet the continued listing standards of NYSE American. If we fail to comply with the applicable listing standards and
NYSE American delists our Class A Ordinary Shares, we and our shareholders could face significant material adverse consequences, including:

| ● | a limited availability of market quotations for our Class A Ordinary Shares; |

| ● | reduced liquidity for our Class A Ordinary Shares; |

| ● | a determination that our Class A Ordinary Shares are “penny stock”, which would require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our Class A Ordinary Shares; |

| ● | a limited amount of news about us and analyst coverage of us; and |

| ● | a decreased ability for us to issue additional equity securities or obtain additional equity or debt financing in the future. |

On April 23, 2024, we received
notice from the NYSE American that we were not in compliance with the minimum stockholders’ equity requirement. The NYSE American
has accepted our plan to regain compliance by October 23, 2025 and is monitoring our progress under our plan. We believe that as of the
date of filing the Annual Report we in in compliance with the stockholders’ equity requirement. However, the NYSE American may not
agree and we may fail to meet this listing requirement in the future, for example, if our stockholders’ equity is reduced by ongoing
loses from operations or losses from other events such as impairment of good will, reduction in value of investments, etc. Failure to
maintain compliance would have a material adverse effect on our stock price.

<div align='center'>80</div>

The NYSE American continued
listing standards also require that our stock not trade below $1.00 per share for 30 consecutive days. Our stock has been trading below
$1.00 share for more that 30