Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 115

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 115
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 view as beneficial. We have a dual -classshare structure such that our ordinary shares will consist of Class A Ordinary Shares and class B ordinary shares (“Class B Ordinary Shares”). In respect of matters requiring the votes of shareholders, each Class A Ordinary Share is entitled to one vote and each Class B Ordinary Share, which are held by our founder and CEO, Norma Chu, is entitled to ten votes. Under our Articles, Class B Ordinary Shares are not convertible into Class A Ordinary Shares. Class A Ordinary Shares are not convertible into Class B Ordinary Shares. Only Class A Ordinary Shares are tradable on the market. The holder of Class B Ordinary shares have the ability to control matters requiring shareholders’ approval, including any amendment of our memorandum and articles of association. Any future issuances of Class B ordinary shares may be dilutive to the voting power of holders of Class A Ordinary shares. Additionally, at our special stockholder meeting in November 2024, our shareholders authorized our Board of Directors to complete a reverse split of our Class A Ordinary Shares within one year from shareholder approval within a range of zero reverse split to a reverse split of 1 for25, as determined by our Board. On April 8, 2025, we announced a one -for -25reverse split of our Class A Ordinary Shares and the Class A Ordinary Shares started trading post -spliton April 21, 2025. However, we did not split the Class B Ordinary Shares. This measure increased the relative voting power of the Class B Ordinary Shares and reduced the relative voting power of the Class A Ordinary Shares. As a result of the dual -classshare structure and the concentration of ownership, the holder of the Class B Ordinary shares has and will continue to have considerable influence over matters such as decisions regarding mergers and consolidations, election of directors and other significant corporate actions. The holder may take actions that are not in the best interest of us or our other shareholders. This concentration of ownership may discourage, delay or prevent a change in control of our company, which could have the effect of depriving our other shareholders of the opportunity to receive a premium for their shares as part of a sale of our company and may reduce the price of our Class A Ordinary Shares. This concentrated control will limit your ability to influence corporate matters and could discourage others from pursuing any potential merger, takeover or other change of control transactions that holders of Class A Ordinary Shares may view as beneficial. Our shares have traded under $5.00 per Class A Ordinary Share and thus could be known as