Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 346

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 346
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 be taken in tax returns in the financial statements when it is more -likely - than-notthat the position would be sustained upon examination by tax authorities. A recognized tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. Due to uncertainties under the tax law, positions taken on tax returns may be challenged and ultimately disallowed by taxing authorities. Accordingly, it may not be appropriate to reflect a position taken on the tax return when the outcome of that tax position is uncertain. The unrecognized tax benefits balances, if recognized upon audit settlement or statute expiration, would affect the effective tax rate. The Company is currently unable to provide an estimate of a range of total amount of unrecognized tax benefits that is reasonably possible to change significantly within the next twelve months. According to the PRC Tax Administration and Collection Law, the statute of limitation is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitation is extended to five years under special circumstances where the underpayment of taxes is more than RMB0.1 million. In the case of transfer pricing issues, the statute of limitation is 10 years. There is no statute of limitation in the case of tax evasion. The income tax returns of the Company’s PRC subsidiary and the VIEs for the years from 2017 to 2023 are open to examination by the PRC tax authorities. 24. NET LOSS PER SHARE The following table sets forth the basic and diluted net income per ordinary share computation and provides a reconciliation of the numerator and denominator for the years presented:

|                                                      |     | For the Years Ended December 31, |   |     |              |   |     |              |   |
|                                                      |     |                             2022 |   |     |         2023 |   |     |         2024 |   |
|                                                      |     |                              RMB |   |     |          RMB |   |     |          RMB |   |
| Numerator:                                           |     |                                  |   |     |              |   |     |              |   |
| Net loss attributable to DDC Enterprise Limited      |     |                     (122,025,640 | ) |     | (166,341,733 | ) |     | (170,196,454 | ) |
| Accretion of Redeemable Convertible Preferred Shares |     |                     (109,089,609 | ) |     | (