Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 170

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 170
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 Anson East Master Fund LP(2)          |     |                |   779,087 |     |                    |  7,647,659 |     |             | 0 |
| Maxim Group LLC(3)                    |     |                |   139,270 |     |                    |    139,270 |     |             | 0 |

| (1) | Includes (a) 548,376 Class A Ordinary Shares, owned as of July 21, 2025, (b) 710,078 Class A Ordinary Shares issuable upon exercise of Warrants and exercisable within 60 days of July 21, 2025 and (c) 1,503,760 Class A Ordinary Shares issuable upon the conversion of the Convertible Notes and exercisable within 60 days of July 21, 2025.  The reported securities are directly owned by Anson Investments Master Fund LP. Anson Advisors Inc. and Anson Funds Management LP, the co-investment advisors of Anson Investments Master Fund LP, hold voting and investment power over the securities held by Anson Investments Master Fund LP. Tony Moore is the managing member of Anson Management GP LLC, which is the general partner of Anson Funds Management LP. Moez Kassam and Amin Nathoo are directors of Anson Advisors Inc. Mr. Moore, Mr. Kassam and Mr. Nathoo each disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein. The principal business address of Anson Investments Master Fund LP is Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. |

| (2) | Includes (a) 154,671 Class A Ordinary Shares owned as of July 21, 2025,                                                                     
 (b) 200,279 Class A Ordinary Shares issuable upon exercise of Warrants and exercisable within 60 days of July 21, 2025 and (c) 424,137      
 Class A Ordinary Shares issuable upon the conversion of the Convertible Notes and exercisable within 60 days of July 21, 2025.  The         
 reported securities are directly owned by Anson East Master Fund LP. Anson Advisors Inc and Anson Funds Management LP, the co-investment    
 advisors of Anson East Master Fund LP, hold voting and investment power over the securities held by Anson East Master