Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066338
Chunk: 36

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 36
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 bitcoin and other digital            
 assets may adversely affect the market price of our listed securities. |

| ● | Our bitcoin strategy subjects us to enhanced regulatory oversight. |

| ● | Due to the unregulated nature and lack of transparency surrounding                                                                       
 the operations of many bitcoin trading venues, bitcoin trading venues may experience greater fraud, security failures or regulatory or   
 operational problems than trading venues for more established asset classes, which may result in a loss of confidence in bitcoin trading 
 venues and adversely affect the value of our bitcoin.                                                                                    |

| ● | The concentration of our bitcoin holdings enhances the risks 
 inherent in our bitcoin strategy.                            |

| ● | The emergence or growth of other digital assets, including                                                                             
 those with significant private or public sector backing, could have a negative impact on the price of bitcoin and adversely affect our 
 business.                                                                                                                              |

| ● | Our bitcoin holdings are less liquid than our existing cash                                                                        
 and cash equivalents and may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents. |

| ● | If we or our third-party service providers experience a security                                                                            
 breach or cyberattack and unauthorized parties obtain access to our bitcoin, or if our private keys are lost or destroyed, or other similar 
 circumstances or events occur, we may lose some or all of our bitcoin and our financial condition and results of operations could be        
 materially adversely affected.                                                                                                              |

| ● | We face risks relating to the custody of our bitcoin, including                                                                     
 the loss or destruction of private keys required to access our bitcoin and cyberattacks or other data loss relating to our bitcoin. |

| ● | Regulatory change reclassifying bitcoin as a security could                                                               
 lead to our classification as an “investment company” under the Investment Company Act of 1940 and could adversely affect 
 the market price of bitcoin and the market price of our listed securities.                                                |

| ● | We are not subject to legal and regulatory obligations that                                                                        
 apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers. |

| ● | Our bitcoin strategy exposes us to risk of non-performance 
 by counterparties.                                         |

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Risks Relating to Our Corporate Structure

| ● | We may rely on dividends and other distributions on equity                                                                                      
 paid by our PRC subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our PRC subsidiaries 
 to make payments to us could have