Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 22

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 22
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 time in its absolute
discretion provided that the accumulative consolidation ratio for all such share consolidation(s) (altogether, the “Share
Consolidations” and each, a “Share Consolidation”) shall not be more than 1:4,000 (the “Range”), to
be determined by the Company’s Board in its discretion. The Board be authorized, at its absolute and sole discretion, to either
(a) elect not to implement any Share Consolidation during a period of two years from the date of the approval of the authorization
of Share Consolidations by the shareholders of the Company; or (b) elect to implement one or more Share Consolidations, and determine
the exact consolidation ratio and effective date of such Share Consolidation during a period of two years from the date of the approval
of the authorization of Share Consolidations by the shareholders of the Company. The registered office provider is authorized to file
the Share Consolidation based on these resolutions and board resolutions to be adopted in relation to such Share Consolidation.

Impact of investigation and charge against our shareholders

On July 1, 2022, Mr. Huajun
Gao and Mr. Aimin Kong, each was a major shareholder of the Company, were detained by Nan County Public Safety Bureau of Yiyang City,
Hunan Province, China. On July 26, 2022, Nan County People’s Procuratorate (“NCPP”) approved the arrest of Mr. Gao
and Mr. Kong, charging them with assisting in illegal online business operation of Nanjing Jinwang Art Purchase E-commerce Co., Ltd.
(“Nanjing Jinwang”) and prosecuted them to Nan County People’s Court (the “Court”) in August 2023.

On July 1, 2022, the bank
accounts of Nanjing Jinwang were frozen by Nan County Public Safety Bureau, including a trust account into which the customers of the
Company deposit their security deposits in order to trade on the Company’s two online trading platforms which the Company had entrusted
Nanjing Jinwang for escrow.

Also, on July 1, 2022, Nan
County Public Safety Bureau froze certain bank accounts of Kashi Longrui Business Management Services Co., Ltd. (“Kashi Longrui”),
Kashi Dongfang Cangpin Culture Development Co., Ltd. (“Kashi Dongfang”) and Nanjing Yanyu Information Technology Co., Ltd.
(“Nanjing Yanyu”), all subsidiaries of