Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 36

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 36
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 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.                                         |

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 a material and adverse effect on our ability to conduct our business. See “Risk Factors — 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 a material and adverse effect on our ability to conduct our business.” on page 43.                                                |

| ● | PRC regulation of loans to and direct investment in PRC entities                                                                          
 by offshore holding companies and governmental control of currency conversion may delay or prevent us from making loans or additional     
 capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and      
 expand our business. See “Risk Factors — Risks Relating to Our Corporate Structure — PRC regulation                                       
 of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay 
 or prevent us from making loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely affect  
 our liquidity and our ability to fund and expand our business.” on page 44.                                                               |

| ● | If the chops of our PRC subsidiaries are not kept safely,                                                                                 
 are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely 
 and adversely compromised. See “Risk Factors — Risks Relating to Our Corporate Structure — If                                             
 the chops of our PRC subsidiaries are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the   
 corporate governance of these entities could be severely and adversely compromised.” on page 45.                                          |

|