Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 54

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 54
---
 Jiangsu Yanggu
breaches its obligations under the Control Agreement, the WFOE, as pledgee, will be entitled to certain rights, including the right to
dispose of the pledged equity interests in order to recover the damages associated with such breaches. The Pledge shall be continuously
valid until all of Jiangsu Yanggu’s shareholders are no longer shareholders of Jiangsu Yanggu, or until the satisfaction of all
Jiangsu Yanggu’s obligations under the Control Agreement.

Equity Option Agreement. Pursuant
to the Equity Option Agreement among the WFOE, Jiangsu Yanggu and Jiangsu Yanggu’s shareholders dated May 8, 2019, amended on January
28, 2021, WFOE has the exclusive right to require that Jiangsu Yanggu’s shareholders fulfill and complete all approval and registration
procedures required under PRC laws for the WFOE to purchase, or designate one or more persons to purchase, such shareholders’ equity
interests in Jiangsu Yanggu, in one or multiple transactions, at any time or from time to time, at the WFOE’s sole and absolute
discretion. The purchase price shall be the lowest price allowed by PRC laws. The Equity Option Agreements shall remain effective until
all of the equity interests owned by Jiangsu Yanggu’s shareholders have been legally transferred to the WFOE or its designee(s).

Voting Rights Proxy and Financial Supporting
Agreements. Pursuant to the Voting Rights Proxy and Financial Supporting Agreement among the WFOE, Jiangsu Yanggu and Jiangsu
Yanggu’s shareholders dated May 8, 2019, amended on January 28, 2021, Jiangsu Yanggu’s shareholders irrevocably appointed
the WFOE or the WFOE’s designee to exercise all of his or her rights as a shareholder of Jiangsu Yanggu under the Articles of Association
of Jiangsu Yanggu, including but not limited to the power to exercise all such shareholder’s voting rights with respect to all matters
to be discussed and voted in Jiangsu Yanggu shareholder meetings. The term of the Voting Rights Proxy and Financial Supporting Agreements
is 20 years.

D. Property, Plants and Equipment

Our principal executive offices are located in
Hong Kong where we lease approximately 30 square meters of office space. Our leased premises are leased from unrelated third parties who either have valid title to the relevant
properties or proper authorization from the title holder to sublease the property