Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 232

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 232
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 US$0.001into one share
of the same class (“share consolidation”) with a par value of US$0.016each, which was effectuated immediately on November
16, 2023, and all of the a) issued and outstanding share options granted by the Company, b) warrants granted by the Company and c) any
other form of convertible securities granted by the Company and the holders of share options, warrants and convertible securities were
entitled to as originally set out in their relevant agreements with the Company, as adjusted to reflect the share consolidation.

All share and per share data in the consolidated
financial statements and notes thereto have been retroactively revised to reflect the share consolidation. Ordinary shares underlying
outstanding share options, warrants and convertible securities and the respective exercise prices, if applicable, were proportionately
adjusted.

(ak) Recent Accounting Pronouncements

In June 2022, the FASB issued ASU
2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The
update clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the
equity security and, therefore, is not considered in measuring fair value. The update also clarifies that an entity cannot, as a separate
unit of account, recognize and measure a contractual sale restriction. The update also requires certain additional disclosures for equity
securities subject to contractual sale restrictions. The amendments in this update are effective for the Company beginning January 1,
2024 on a prospective basis. Early adoption is permitted for both interim and annual financial statements that have not yet been issued
or made available for issuance. The Company does not expect that the adoption of this guidance will have a material impact on its financial
position, results of operations and cash flows.

In November 2023, the FASB issued ASU 2023-07,
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, to update reportable segment disclosure requirements. The
amendment is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December
15, 2024, with early adoption permitted. The amendment should be applied retrospectively to all prior periods presented in the financial
statements. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial
statements and related disclosures.

In December 2023, the