Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 86

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 86
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 Nanjing Jinwang.

Neither the Company nor its
VIE or subsidiaries of its VIE has received any notification for enforcement charges from Nan County Public Safety Bureau, other than
cash and short term investment in the frozen bank accounts with balances totaling approximately $16.5 million and due from Nanjing Jinwang
of approximately $3.4 million relating to the Nanjing Jinwang investigation as described above as of December 31, 2022. Mr. Gao and Mr.
Kong are not officers, directors or employees of the Company, its VIE or subsidiaries of the VIE. At the time of such accounts being
frozen, the Company’s fund deposited with Nanjing Jinwang amounted to $4 million. Currently the customers can freely transfer their
deposits out of the trust account from the bank and can make their withdrawals based on their actual needs.

Due to the investigation of
Nanjing Jinwang and frozen bank accounts, the business operations of the Company have been materially and negatively impacted as its
customers experienced difficulties withdrawing their security deposits through online banking and had concerns regarding their deposited
funds. The frozen accounts of the subsidiaries of the VIE have also negatively impacted cash flow for these companies although they have
other bank accounts that operate normally for their daily business operations. The Company has taken remedial measures to assist its
customers in withdrawing security deposits, such as through manual and in person application with the bank to transfer funds, so that
they will have confidence in the Company and continue to list and trade art and collectible products on the online platforms of the Company.
Currently the customers can freely transfer their deposits out of the trust account through offline process. The Company has also taken
measures to reduce the cost and expenses for the subsidiaries of the VIE to respond to cash flow issues. However, there can be no
assurance that these measures will restore customer confidence in using the Company’s services efficiently or at all and the Company
cannot reasonably estimate when the bank accounts for the subsidiaries of the VIE will be unfrozen by the Nan County Public Safety Bureau.

<div align='center'>18</div>

The investigation of Mr.
Gao, Mr. Kong and Nanjing Jinwang is ongoing. The Company has and will continue to communicate with Nan County Public Safety
Bureau and other government authorities to obtain more information regarding the investigation and to attempt to unfreeze the bank accounts
for the subsidiaries of the VIE. Although neither the Company, nor its VIE or subsidiaries of its