Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 43

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 43
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 holding company, and we do not have any equity ownership of the VIE, instead we receive the economic
benefits of the VIE’s business operations and become the primary beneficiary of the VIE for accounting purposes through certain
contractual arrangements. VIE structure is used to provide investors with exposure to foreign investment in China-based companies where
the business of the operating companies in China might be prohibited or restricted for foreign investment now or in the future. Investors
of our ordinary shares will not own any equity interests in the VIE and may never hold equity interests in our Chinese operating companies,
but instead own shares of a Cayman Islands holding company. We treat the VIE and its subsidiaries as our consolidated affiliated entities
for accounting purposes under U.S. GAAP and not the entities in which we own equity interest.

As of the date of this prospectus,
no dividends or distributions have been made between the holding company, its subsidiaries, and consolidated VIEs, or to investors including
U.S. investors. The holding company, its subsidiaries, and VIE do not have any plan to distribute dividend or settle amounts owed under
the VIE Agreements in the foreseeable future. To the extent cash and/or assets in the business are in the PRC and/or Hong Kong or our
PRC and/or Hong Kong entities, including HKDAEx Limited, China International Assets and Equity of Artworks Exchange Limited, HK Oriental
Culture Investment Development Limited, the VIE, and the WFOE (as defined below), such funds and/or assets may not be available to fund
operations or for other use outside of the PRC and/or Hong Kong due to interventions in or the imposition of restrictions and limitations
on the ability of us or our subsidiaries by the PRC government to transfer cash and/or assets. See-“Dividend Distribution and Cash Transfer Between the Holding Company, Subsidiary and VIE”and “Risk Factors— The Chinese government exerts substantial influence over the manner in which we must conduct our business, and may intervene or influence our operations at any time, which could result in a material change in our operations, significantly limit or completely hinder our ability to offer or continue to offer our securities to investors and, and cause the value of our securities to significantly decline or be worthless.”
The cash transfer among the holding company, its subsidiaries and VIE is typically transferred through payment for intercompany services
or intercompany borrowing between holding company, subsidiaries and VIE. Cash transfers have been made to date between the holding