Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 163

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 163
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 are designated as ordinary shares with a par value of US$0.00005
per share and (y) 100,000,000 shares are designated as preferred shares with a par value of US$0.00005 per share, to (b) US$50,000 divided
into 280,000,000 shares of which (x) 180,000,000 shares are designated as ordinary shares with par value of US$0.00025 per share and (y)100,000,000
shares are designated as preferred shares with par value of US$0.00005 per share. The Company’s financial statements have been retroactively
stated to reflect the consolidation from the beginning of periods.

On December 1, 2020, the Company completed its
IPO of5,065,000(1,013,000after the 5 for 1 reverse stock split) (ordinary shares and59,400(11,880after the 5 for 1 reverse stock
split) option shares at a public offering price of $4.00($20.00after the 5 for 1 reverse stock split) per share, par value US$0.00005($0.00025after the 5 for 1 reverse stock split) per share, resulting in net proceeds to the Company of approximately $17.3million after
deducting underwriting commission, offering costs and other expenses.

During the year ended December 31, 2020, in connection
with the IPO, the Company issued warrants to purchase409,952(81,991after the 5 for 1 reverse stock split) ordinary shares to the underwriters.
The underwriters’ warrants have a five-year term and an exercise price of $5.00($25.00after the 5 for 1 reverse stock split) per
share. On December 17, 2020, the underwriters exercised options to purchase the409,952(81,991after the 5 for 1 reverse stock split)
ordinary shares, on a cashless basis, resulting in the issuance of130,312(26,103after the 5 for 1 reverse stock split) ordinary shares.

On December 7, 2021, the Company entered
into Securities Purchase Agreements (“ Agreements”) with two investors (“ Investors”), pursuant to which the
Company agreed to sell to the Investors in private placements a total of600,000shares (120,000after the 5