Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 44

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 44
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 to expand our business to international markets successfully, our business and results of operations would be adversely affected.

To the extent permitted due
to our recurring losses from operations and an accumulated deficit, we have begun to expand our business internationally in the United
States. and Southeast Asia through online and offline sales channels, including accessing overseas markets through third-party e-commerce
platforms and local distributors. However, we may not be able to expand our business as we planned. For example, we may not be able to
identify e-commerce platforms or local distributors with sufficient resources and strong local ties to collaborate with us, which would
negatively affect our strategy to expand our business to international markets.

Expanding our business outside
the PRC also involves certain risks and uncertainties, such as our ability to obtain adequate funding for development and expansion costs,
identify strategic markets globally, identify locations with large consumer base and commercial potential, obtain the required licenses,
permits and approvals, and recruit and retain talents with sufficient experience. Any risks and uncertainties listed above, either individually
or in aggregate, might delay or fail our plan to expand our business overseas at manageable cost levels.

In addition to the above factors,
our overseas expansions face additional difficulties and challenges. We have limited experience operating in overseas markets and may
face competition from major, established competitors in these markets. These competitors usually have more experience and resources for
their business operations in those markets. In addition, the real estate, employment and labor, transportation and logistics, regulatory,
and other operating requirements in these markets differ significantly from those in China. Moreover, a number of factors could have an
adverse impact on our operating results if our efforts to expand internationally are not successful. These factors include changes in
market needs and product trends, economic fluctuations, political and social turbulence, relevant countries or regions’ relationships
with China, changes in legal regulations or other conditions and difficulties in employing and training appropriate local management and
employees. There is no assurance that our international market expansion strategy will succeed in the future.

Changes to the pricing of our products could adversely affect our results of operations.

We aim to bring to consumers
affordable, healthy, and convenient food products. The pricing of our products is based on multiple factors, including, without limitation,
the pricing of the components, ingredients and raw materials, costs of product development, anticipated sales volume, manufacturing costs
and logistics service expenditures. Benefiting from our deep engagement with our customers, we are in a good position to analyze consumers’
preferences and demands, evaluate