Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 189

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16F
Chunk 189
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Marcum Asia was dismissed
before it was able expand the scope of its audit or conduct such further investigation. The Company conducted an internal investigation
of these allegations, which included, for example, obtaining advice of legal counsel, review of relevant laws and rules, inquiries of
personnel and discovery of relevant facts. The Company concluded that the allegations are baseless and without merit.

The Company provided Marcum
Asia with a copy of the above disclosures prior to filing the October 6-K with the SEC. The Company has requested that Marcum Asia furnish
a letter addressed to the SEC stating whether or not Marcum Asia agrees to the statements above. That letter is filed as Exhibit 16.1
to the October 6-K and is incorporated by reference herein.

As of the Second Effective
Date, the Company appointed Enrome LLP (“ Enrome”) as the Company’s independent registered public accounting firm for
the fiscal year ended December 31, 2021, 2022 and 2023 and the fiscal year ending December 31, 2024. The appointment of Enrome was approved
by the Audit Committee as of the Second Effective Date. Enrome’s appointment is subject to Enrome’s final client intake procedures
and execution of an engagement letter agreement.

During the fiscal years ended
December 31, 2023, 2022 and 2021 and the subsequent interim period through the Second Effective Date, neither the Company nor anyone acting
on its behalf consulted with Enrome, regarding either: (i) the application of accounting principles to a specific transaction, completed
or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither
a written report nor oral advice was provided to the Company that Enrome concluded was an important factor considered by the Company in
reaching a decision as to any accounting, auditing or financial reporting issue or (ii) any matter that was either the subject of a “disagreement”
(as defined in Item 16F(a)(1)(iv) of Form 20-F) or a “reportable event” (as defined in Item 16F(a)(1)(v) of Form 20-F)

Item 16G. Corporate Governance