Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 31

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 31
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 by their commitments to the foreign investors; foreign-invested enterprises are allowed to
issue stocks and corporate bonds; except for special circumstances, in which case statutory procedures shall be followed and fair and
reasonable compensation shall be made in a timely manner; expropriation or requisition of the investment of foreign investors is prohibited;
mandatory technology transfer is prohibited; and the capital contributions, profits, capital gains, proceeds out of asset disposal, licensing
fees of intellectual property rights, indemnity or compensation legally obtained, or proceeds received upon settlement by foreign investors
within China, may be freely remitted inward and outward in RMB or a foreign currency. Also, foreign investors or the foreign investment
enterprise will have legal liabilities imposed for failing to report investment information in accordance with the requirements. Furthermore,
the Foreign Investment Law provides that foreign-invested enterprises established prior to the effectiveness of the Foreign Investment
Law may maintain their legal form and structure of corporate governance within five years after January 1, 2020.

PRC Laws and Regulations Related to Art Trading and Related Service
Industry

PRC Law relating to Property Rights

The Civil Code of the People’s Republic
of China (“ Civil Code”) was released on May 28, 2020 and became effective on January 1, 2021, which has replaced Property
Right Law of China. According to The Civil Code, the creation and transfer of property rights in movable property shall be effective upon
delivery. But if the parties have agreed that the transferor may continue to take possession of the property, the property right shall
be effective when the agreement takes effect. According to our Trading Rules, the owner of collectibles or artworks shall entrust our
cooperative warehousing company to hold and transport the collectibles or artworks sold on our platform. In practice, the winning bidder
will receive delivery of the order on our platform after bid closing, and can collect the collectibles or artwork at the cooperative warehousing
company by showing the delivery order. The delivery order is treated as the agreement between the owner of the collectibles or artwork
and the bid winner to transfer the property rights in the collectibles or artwork. Accordingly, upon the winning bidder’s receipt
of the delivery order, the winning bidder owns the property rights of the collectibles or artworks purchased on our platform.

PRC Laws and Regulations relating to Trading
Exchange

According to “ Decision Of The State Council
On Cleaning Up And Rectifying Various Trading Places And Taking Effective Precautions Against Financial Risks