Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 167

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 167
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ment Shares, ELOC Shares, Class A Ordinary Shares, Warrants and Notes, as of July
21, 2025, assuming conversion of the Notes and exercise of the Warrants held by each such selling shareholder on that date but taking
account of any limitations on conversion and exercise set forth therein.

The third column lists the
Class A Ordinary Shares being offered by this prospectus by the selling shareholders and does not take in account any limitations on (i)
conversion of the Notes set forth therein or (ii) exercise of the Warrants set forth 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