Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 134

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 134
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 the civil liability provisions
of the securities laws of the United States or any state in the United States. A judgment of a United States court for
civil liabilities predicated upon the federal securities laws of the United States may not be enforceable in or recognized by the
courts of the jurisdictions where our directors and officers reside, and the judicial recognition process may be time-consuming. It may
be difficult for you to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal
securities laws against us and our officers and directors.

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In addition, China does not
have treaties providing for the reciprocal recognition and enforcement of judgments of courts with the Cayman Islands and many other countries
and regions. Therefore, recognition and enforcement in China of judgments of a court in any of these non-PRC jurisdictions in relation
to any matter not subject to a binding arbitration provision may be difficult or impossible.

Shareholder claims that are
common in the United States, including securities law class actions and fraud claims, generally are difficult to pursue as a matter
of law or practicality in China. For example, in China, there are significant legal and other obstacles to obtaining information needed
for shareholder investigations or litigation outside China or otherwise with respect to foreign entities. Although the local authorities
in China may establish a regulatory cooperation mechanism with the securities regulatory authorities of another country or region to implement
cross-border supervision and administration, such regulatory cooperation with the securities regulatory authorities in the Unities States
has not been efficient in the absence of mutual and practical cooperation mechanism. According to Article 177 of the PRC Securities
Law which became effective in March 2020, no overseas securities regulator is allowed to directly conduct investigation or evidence
collection activities within the territory of the PRC.

In addition, our corporate
affairs are governed by our amended and restated memorandum and articles of association, the Companies Act (Revised) and the common law
of the Cayman Islands. The rights of shareholders to take action against the directors, actions by minority shareholders and the fiduciary
responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands.
The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as
from English common law, the decisions of whose courts are of persuasive authority, but are not binding on a court in the