Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 157

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 157
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. We are also engaged in the provision of advertising services. As of June 30, 2025, our main product categories include (i) own -brandedRTH products — typically semi -cookedmeals with some but minimal preparation required ahead of serving, (ii) own -brandedRTC products — ready to be consumed within 8 to 15 minutes with some additional cooking preparation, (iii) own -brandedRTE products — typically pre -cookedmeals that are ready to serve with minimal level of additional preparation, which includes our plant -basedmeal products localized for the palate of an Asian consumer, and (iv) private label products (i.e. third -partybranded food products). In addition, commencing on May 15, 2025, we expanded our business to include Bitcoin treasury activities (“Bitcoin Treasury”). We are a publicly traded company that has adopted Bitcoin as our primary treasury reserve asset. By using proceeds from equity and debt financings, as well as any future cash flows from our operations, we strategically accumulate Bitcoin and advocate for its role as digital capital. We were founded in Hong Kong in 2012 by Ms. Norma Ka Yin Chu, a highly regarded entrepreneur and a true cooking enthusiast, as an online platform which distributed food recipes and culinary content. Subsequently, we further expanded our business to provide advertising services to brands that wish to place advertisements on our platform or video content. In 2015, we entered the Mainland China market through the establishment of DDC Shanghai to engage in technology development of computer software, food circulation and advertising production in China. In 2017, we started expanded our business from content creation to content commerce. Later in 2019, we extended our businessto include the production and sale of, among others, own -brandedRTH, RTC convenient meal solution products. 94 The chart below summarizes our corporate structure and identifies our principal subsidiaries as of the date of this prospectus (All holdings without specifying the percentage are 100%): Bitcoins are held by the Company. 95 INDUSTRY OVERVIEW We are responsible for the information contained in this prospectus and any free writing prospectus we prepare or authorize. Unless otherwise indicated, all information and data related to the food industry provided in the section is cited from the industry report issued by Frost & Sullivan. Although we believe the data and information included in the Frost & Sullivan report to be reliable, we have not independently verified the accuracy or completeness of the information and data included