Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 149

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 6
Chunk 149
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 has not experienced any material labor disputes or work stoppages.

As per PRC law, we participate
in various government statutory employee benefit plans, including social insurance funds, namely, medical insurance, maternity insurance,
workplace injury insurance, unemployment insurance, and pension benefits, as well as a housing provident fund. We are required under PRC
law and from time-to-time by the local government to contribute to employee benefit plans. As of December 31, 2023, we have not experienced
any significant disputes with our employees. None of our employees was represented by any labor union that engages in collective bargaining.

We enter standard labor contracts
with our employees. All employees sign a standard confidentiality agreement and certain key employees have signed non-compete agreements.

6. E. Share Ownership

The following tables set forth
information regarding the beneficial ownership of our ordinary shares as of the date of this annual report by our officers, directors,
and 5% or greater beneficial owners of ordinary shares. There is no other person or group of affiliated persons known by us to beneficially
own more than 5% of our ordinary shares.

We have determined beneficial
ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to persons who possess
sole or shared voting power or investment power with respect to those securities. The person is also deemed to be a beneficial owner of
any security of which that person has a right to acquire beneficial ownership within 60 days of January 21, 2025. Unless otherwise indicated,
the person identified in this table has sole voting and investment power with respect to all shares shown as beneficially owned by him,
subject to applicable community property laws.

The calculations in the table
below assume there were 79,625,356 ordinary shares (comprising 78,750,356 Class A Ordinary Shares and 875,000 Class B Ordinary
Shares) outstanding as of January 21, 2025.

  Name of Beneficial Owners (1)                        Class A Ordinary                   Class B Ordinary              
                                                       Shares Beneficially                Shares Beneficially           
                                                       Owned (2)                          Owned (2)                     
                                                       Number                             Number                        
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Directors and Executive Officers:                                                                                     
  Norma Ka Yin Chu                                     23,309,275               29.3      875,000                  1.1  
  Katherine Shuk Kwan Lui                              180,