Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 290

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 290
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 % |     |            19.9 | % |     |            40.1 | % |
| Supplier D |     |                                * |   |     |            10.5 | % |     |               * |   |

____________ *Less than 10.0% of the Company’s purchase amounts in the respective years. Although there is a limited number of providers of products, management believes that other providers could provide similar products on comparable terms. A change in suppliers, however, could cause negative impact on the business operation and a possible loss of sales, which would affect operating results adversely. Interest rate risk The Company’s borrowings bear interests at fixed and floated rates. If the Company were to renew these borrowings, the Company might be subject to interest rate risk. Foreign currency exchange rate risk In July 2005, the PRC government changed its decades -oldpolicy of pegging the value of the RMB to the US$. Since June 2010, the RMB has fluctuated against the US$, at times significantly and unpredictably. It is difficult to predict how market forces or the government policy may impact the exchange rate between the RMB and the US$ in the future. (af) Loss per Share Basic loss per share is computed by dividing net loss attributable to Class A ordinary shareholders, considering the accretions to redemption value of the preferred shares, by the weighted average number of ordinary shares outstanding during the year using the two -classmethod. Under the two -classmethod, net loss is not allocated to other participating securities when the participating securities do not have contractual obligations to share losses. Class B ordinary shares of the Company were issued to the Founder, Ms. Norma Ka Yin Chu, which are not entitled to dividends and distributions of the Company, whereas any undistributed net loss is not allocated to Class B ordinary shares. Therefore, Class B ordinary shares are not participating securities. The Company’s preferred shares are not participating securities as they do not participate in unallocated loss on an as -convertedbasis. The preferred shares do not have a contractual obligation to fund or otherwise absorb the Company’s losses. Accordingly, any undistributed net profit is allocated on a pro rata basis to the ordinary shares and preferred shares; whereas any undistributed net loss is allocated to ordinary shares only. Diluted loss per share is calculated by dividing net loss attributable to ordinary shareholders, as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during