Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 178

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 10
Chunk 178
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), subject to certain exceptions (including
an exception for shares held in custodial accounts maintained with a U. S. financial institution). These rules also impose penalties
if a U. S. Holder is required to submit such information to the Internal Revenue Service and fails to do so.

In addition, dividend payments
with respect to our Class A Ordinary Shares and proceeds from the sale, exchange or redemption of our Class A Ordinary Shares may be subject
to additional information reporting to the IRS and possible U. S. backup withholding. Backup withholding will not apply, however,
to a U. S. Holder who furnishes a correct taxpayer identification number and makes any other required certification on IRS Form W-9 or
who is otherwise exempt from backup withholding. U. S. Holders who are required to establish their exempt status generally must provide
such certification on IRS Form W-9. U. S. Holders are urged to consult their tax advisors regarding the application of the U. S. information
reporting and backup withholding rules

Backup withholding is not
an additional tax. Amounts withheld as backup withholding may be credited against your U. S. federal income tax liability, and you
may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate claim for refund with
the IRS and furnishing any required information. We do not intend to withhold taxes for individual shareholders. However, transactions
effected through certain brokers or other intermediaries may be subject to withholding taxes (including backup withholding), and such
brokers or intermediaries may be required by law to withhold such taxes.

The preceding discussion of
U. S. federal tax considerations is for general information purposes only. It is not tax advice. Each U. S Holder should consult its own
tax advisor regarding the particular U. S Federal, state, local and foreign tax consequences of purchase, holding and disposing of our
Class A ordinary shares, including the consequences of any proposed change in applicable laws.

10. F. Dividends and Paying Agents

Not applicable.

10. G. Statements by Experts

Not applicable.

10. H. Documents on Display

We are subject to the periodic
reporting and other informational requirements of the Exchange Act. Under the Exchange Act, we are required to file reports and other
information with the SEC. Specifically, we are required to file annually a Form 20-F no later than four months after the close of each
fiscal year. The SEC maintains a web site at www. sec