Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 169

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 169
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 therein.

In accordance with the terms
of a registration rights agreement with the holders of the Shares, the Commitment Shares, the ELOC Shares, Notes and Warrants, this prospectus
generally covers the resale of the sum of (i) 100% of the maximum number of Class A Ordinary Shares issued or issuable pursuant to the
Notes, (ii) 100% of the maximum number of Class A Ordinary Shares issued or issuable upon exercise of the Warrants, in each case, determined
as if the outstanding Notes and Warrants were converted in full (without regard to any limitations on conversion contained therein solely
for the purpose of such calculation) at the conversion price or exercise price (as the case may be) calculated as of the trading day immediately
preceding the date this registration statement was initially filed with the SEC, (iii) 100% of the Shares, (iv) 100% of the Commitment
Shares, (v) the maximum number of ELOC Shares to be sold pursuant to the ELOC Agreement. Because the conversion price of the Notes and
the exercise price of the Warrants may be adjusted, the number of shares that will actually be issued may be more or less than the number
of shares being offered by this prospectus. The fourth column assumes the sale of all of the shares offered by the selling shareholders
pursuant to this prospectus.

Under the terms of the Notes and Warrants, certain of our selling shareholders may not convert the Notes or exercise the Warrants to the
extent (but only to the extent) such selling shareholder or any of its affiliates would beneficially own a number of our Class A Ordinary
Shares which would exceed 4.99% of the outstanding shares of the Company. The selling shareholders may sell all, some or none of their
shares in this offering. See “Plan of Distribution.”

| Name of Selling Shareholder           |     | Number of      
 Class A        
 Ordinary       
 Shares Owned   
 Prior to       
 Offering(1)(2) |           |     | Maximum            
 Number of          
 Class A            
 Ordinary           
 Shares to          
 be Sold            
 Pursuant to        
 this Prospectus(4) |            |     | Number of   
 Class A     
 Ordinary    
 Shares      
 Owned After 
 Offering(4) |   |
| Anson Investments Master Fund LP  (1) |     |                | 2,762,214 |     |                    | 39,183,116 |     |             | 0 |
|