Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 279

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 279
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with par value of US$0.016per share;
and the number of Class A ordinary shares issued and outstanding was5,276,663.

In June 2022, two of the share options holders
exercised their share options into361,614Class A ordinary shares (note 20).

As of December 31, 2022, the number of Company’s
authorized Class A ordinary shares were55,248,154with par value of US$0.016per share; and the number of Class A ordinary shares issued
and outstanding was5,638,277.

In October 2023, one of the Company’s registered
shareholders surrendered180,807Class A ordinary shares and were issued the same number of share options at nominal exercise price which
are only exercisable upon the completion of the Company’s qualified IPO (note 20).

In November 2023, in connection with the initial
public offering completed, the Company:

  (1)      Issued 3,900,000 Class A ordinary shares for US$ 33.1 million. The Company received net amount of US$ 30.0 million in total after deducting underwriting discounts, commissions and other offerin...  

  (2)      All of Redeemable Convertible Preferred Shares were converted into 4,507,844 Class A ordinary shares. The Company also issued 3,503,080 Class A ordinary shares to Redeemable Convertible Preferr...  

  (3)      Series seed convertible preferred shareholders converted their series seed convertible preferred shares into 1,076,495 Class A ordinary shares.  

  (4)      Holders of 2020 Convertible Loan, August 2021 Convertible Loan, 2023 Convertible Loans converted into 1,387,250 Class A ordinary shares in total (note 17).  
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  (5)      Issued 196,044 Class A ordinary shares in connection with acquire 100% interest in Cook San Francisco, LLC. (note 16).  

As of December 31, 2023, the number of Company’s
authorized Class A ordinary shares were55,248,154with par value of US$0.016per share; and the number of Class A ordinary shares issued
and outstanding was20,028,168.

In February 2024, the Company issued1,