Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 233

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 233
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 FASB issued ASU 2023-08,“ Intangibles， Goodwill
and Other-Crypto Assets (Subtopic 350-60). Accounting for and Disclosure of Crypto Assets” The amendments in this Update are effective
for all entities for fiscal years beginning after December 15,2024, including interim periods within those fiscal years, Early adoption
is permitted for both interim and annual financial statements that have not yet been issued (or made available for issuance). if an entity
adopts the amendments in an interim period. it must adopt them as of the beginning of the fiscal year that includes that interim period.

The amendments in this Update require a cumulative-effect
adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets) as of the beginning of
the annual reporting period in which an entity adopts the amendments.

F-45

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.)

In December 2023, the FASB issued ASU 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures, amending existing income tax disclosure guidance, primarily requiring
more detailed disclosure for income taxes paid and the effective tax rate reconciliation. For public business entities, the amendments
in this ASU are effective for annual periods beginning after December 15, 2024. For entities other than public business entities, the
amendments are effective for annual periods beginning after December 15, 2025. Early adoption permitted and can be applied on either a
prospective or retroactive basis. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated
financial statements and related disclosures.

In March 2024, the FASB updated 2024-01 addresses
the scope application of profits interest and similar awards under Topic 718, Compensation - Stock Compensation. This update improves
the clarity and consistency in the application of the scope guidance for profits interest and similar awards. This update adds an illustrative
example to demonstrate how an entity should apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest and
similar awards should be accounted for in accordance with Topic 718. Profits interest awards are provided to employees or nonemployees
to align compensation with an entity’s operating performance and provide holders with the opportunity to participate in future profits
and/or equity appreciation. This update applies to all entities that issue financial statements in accordance with US GA