Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072059
Chunk: 109

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 109
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On February 24, 2023, the
CSRC, together with the MOF, National Administration of State Secrets Protection and National Archives Administration of China, revised
the Provisions issued by the CSRC and National Administration of State Secrets Protection and National Archives Administration of China
in 2009. The revised Provisions were issued under the title the “Provisions on Strengthening Confidentiality and Archives Administration
of Overseas Securities Offering and Listing by Domestic Companies”, and came into effect on March 31, 2023, together with the Trial
Measures. One of the major revisions to the revised Provisions is expanding their application to cover indirect overseas offering and
listing, as is consistent with the Trial Measures. The revised Provisions require that, among other things, (a) a domestic company that
plans to, either directly or indirectly through its overseas listed entity, publicly disclose or provide to relevant individuals or entities
including securities companies, securities service providers and overseas regulators, any documents and materials that contain state secrets
or working secrets of government agencies, shall first obtain approval from competent authorities according to law, and file with the
secrecy administrative department at the same level; and (b) a domestic company that plans to, either directly or indirectly through its
overseas listed entity, publicly disclose or provide to relevant individuals and entities including securities companies, securities service
providers and overseas regulators, any other documents and materials that, if leaked, will be detrimental to national security or public
interest, shall strictly fulfill relevant procedures stipulated by applicable national regulations. Any failure or perceived failure by
our Company or our PRC subsidiaries to comply with the above confidentiality and archives administration requirements under the revised
Provisions and other PRC laws and regulations may result in the relevant entities being held legally liable by competent authorities and
referred to the judicial organ to be investigated for criminal liability if suspected of committing a crime.

The Opinions, the Trial Measures,
the Guidance Rules and Notice, the revised Provisions, and any related implementation rules to be enacted may subject us to additional
compliance requirement in the future. Any failure of us to complete further filings or any other relevant regulatory procedures regarding
the issuance and listing of our securities in a timely manner will completely hinder our ability to offer or continue to offer our Class
A Ordinary Shares, cause significant disruption to our business operations, and severely damage our reputation, which would materially
and adversely affect our financial condition and