Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 155

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 155
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Item 10. Additional Information

10. A. Share Capital

Not applicable.

10. B. Memorandum and Articles of Association

We are an exempted company
incorporated with limited liability under the laws of the Cayman Islands and our affairs are governed by:

  Memorandum and Articles of Association;  

  The Companies Act (Revised) of the Cayman Islands, which is referred to as the Companies Act below; and  

  Common law of the Cayman Islands.  

We have included summaries
of certain material provisions of our Tenth Amended and Restated Memorandum and Articles of Association (the Memorandum and Articles,
respectively), which was adopted by our shareholders which will become effective and replace our current amended and restated memorandum
and articles of association in its entirety immediately prior to the completion of our initial public offering, and the Companies Act,
insofar as they relate to the material terms of our share capital. The summaries do not purport to be complete and are qualified in their
entirety by reference to our Memorandum and Articles, which is filed as an exhibit to this annual report.

Class A Ordinary Shares and Class B Ordinary
Shares

General. On April 22,
2024 our authorized share capital was changed into US$3,338,000 divided into 200,000,000 Class A Ordinary Shares of par value US$0.016
each and 1,750,000 Class B Ordinary Shares of US$0.016 par value each. All of our outstanding Class A Ordinary Shares and Class B Ordinary
Shares will be fully paid and non-assessable. Certificates representing the Class A Ordinary Shares will not be issued. Our shareholders
who are non-residents of the Cayman Islands, may freely hold and transfer their Class A Ordinary Shares in accordance with our Memorandum
and Articles and applicable law.

Reverse Split. On April
8, 2025, we announced a one-for-25 reverse split of its Class A Ordinary Shares.

Dividends. The
holders of our Class A Ordinary Shares are entitled to such dividends as may be declared by our board of directors. Our Articles provide
that our board of directors may declare and pay dividends if justified by our financial position and permitted by law.

Voting Rights. Holders
of our Class A Ordinary Shares and Class B Ordinary Shares vote on all matters submitted to a vote of our shareholders, except as may
otherwise be required by law. In respect of matters requiring shareholders’ vote, each