Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 34

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 34
---
,000).  

Also, all of the trading places in Jiangsu must
use Jiangsu Exchange Depository and Clearing Co., Ltd. (“ JS Clearing”) to register investors and investment information and
settle investors’ funds.

Regulations on Intellectual Property Rights

The PRC has adopted comprehensive legislation
governing intellectual property rights, including copyrights, patents, trademarks and domain names.

Copyrights. The Copyright Law was adopted
in 1990 and amended in 2001, 2010 and 2020. The amended version in 2020 came into effect on June 1, 2021. The amended Copyright Law extends
copyright protection to internet activities, products disseminated over the internet and software products. In addition, there is a voluntary
registration system administered by the China Copyright Protection Center. The amended Copyright Law also requires registration of a copyright
pledge. According to the Copyright Law, an infringer will be subject to various civil liabilities, which include stopping the infringement,
eliminating the damages, apologizing to the copyright owners and compensating the losses of copyright owners. The Copyright Law further
provides that the infringer must compensate the actual loss suffered by the copyright owner. If the actual loss of the copyright owner
is difficult to calculate, the illegal income received by the infringer as a result of the infringement will be deemed as the actual loss
or if such illegal income is also difficult to calculate, the court can decide the amount of the actual loss up to RMB5,000,000. Under
the Copyright Law, the term of protection for copyrighted software of legal persons is 50 years and ends on December 31 of the 50thyear from the date of first publishing of the software.

Patents. The Patent Law of the PRC promulgated
in December 2008, which became effective in October 2009 and was recently amended by the Standing Committee of the National People’s
Congress of China on October 17, 2020 and became effective on June 1, 2021, provides for patentable inventions, utility models and designs.
An invention or utility model for which patents may be granted shall have novelty, creativity and practical applicability. The State Intellectual
Property Office under the State Council is responsible for examining and approving patent applications. The protection period is 20 years
for inventions and 10 years for utility models and designs, all of which commence from the date of application of patent rights. The protection
period has been slightly amended