Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 68

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 68
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                                                                    $(4,159,159         $962,674        (5,121,833      (532.0  
  Weighted average number of ordinary shares outstanding – basic and diluted                4,269,340        4,221,629            23,770         0.6  
  Basic and diluted earnings per share                                                         $(0.84            $0.77            $(1.61      (210.6  

Revenues:

The following table sets forth the principal components
of our net revenues by amounts and percentages of our net revenues for the periods indicated:

                                   For the Years Ended December 31,                                                                                   
                                   2023                                                                                                               
                                   Revenue                                                                                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Listing services fees (1)        $                                       457,176       28.9       1,244,251        7.0         (787,075      (63.3  
  Transaction fees (2)                                                     806,794       51.1      13,643,958       76.6      (12,837,164      (94.1  
  Marketing services fees (3)                                              166,444       10.5       2,749,224       15.4       (2,582,780      (93.9  
  Other revenues (4) *                                                     149,644        9.5         175,706        1.0          (26,062      (14.8  
  Total operating revenues         $                                     1,580,058      100.0      17,813,139      100.0      (16,233,081      (91.1  

  Including $144,609 and $166,325 from related parties for the years ended December 31, 2023 and 2022, respectively.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

(1) Listing service fees: Our performance
obligation is to provide listings on our platform. Listing service fees are calculated based on a percentage of the listing value of collectibles,
artwork and commodities. Listing value is the total offering price of the collectible, artwork and commodities when the ownership of the
units are initially listed on our trading platforms. We utilize an appraised value as a basis to determine the appropriate listing value