Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 61

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 61
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 Marketing services fees (3)                                            156,995       25.2        166,444       10.5        (9,449       (5.7  
  Other revenues (4) *                                                    65,509       10.5        149,644        9.5       (84,135      (56.2  
  Total operating revenues         $                                     622,690      100.0      1,580,058      100.0      (957,368      (60.6  

  Including $54,633 and $144,609 from related parties for the years ended December 31, 2024 and 2023, respectively.  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

(1) Listing service fees: Our
performance obligation is to provide listings on our platform. Listing service fees are calculated based on a percentage of the listing
value of collectibles, artwork and commodities. Listing value is the total offering price of the collectible, artwork and commodities
when the ownership of the units are initially listed on our trading platforms. We utilize an appraised value as a basis to determine the
appropriate listing value for each collectible, artwork or commodities, or portfolio of collectibles, artwork or commodities. We recognize
the related revenue upon our completion of our performance obligation to the customer and its item is successfully listed for trading
on our platforms. Our standard listing fees for artwork and collectibles range from 3% to 8% for each of the years ended December 31,
2024 and 2023 and standard listing fees for commodities was 3% to 8% of the initial listing value for each of 2024 and 2023. The rate
is dependent on the type of listings and is negotiated on a case-by-case basis.

Total listing service fees decreased by approximately
$0.4 million or 77.3% from approximately $0.5 million for the year ended December 31, 2023 to approximately $0.1 million for the same
period in 2024. Our listing service fees are calculated based on a percentage of the listing value of collectibles, artwork and commodities
of new products. In addition, there was a decrease in listing values of approximately $9.3 million for new products listings with approximately
$25.0 million and $15.7 million for 2023 and 2024, respectively. The numbers