Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 114

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 114
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the equity security and, therefore, is not considered in measuring fair value. The update also clarifies that an entity cannot, as a separate
unit of account, recognize and measure a contractual sale restriction. The update also requires certain additional disclosures for equity
securities subject to contractual sale restrictions. The amendments in this update are effective for the Company beginning January 1,
2024 on a prospective basis. Early adoption is permitted for both interim and annual financial statements that have not yet been issued
or made available for issuance. The Company does not expect that the adoption of this guidance will have a material impact on its financial
position, results of operations and cash flows.

In November 2023, the FASB
issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, to update reportable segment disclosure
requirements. The amendment is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning
after December 15, 2024, with early adoption permitted. The amendment should be applied retrospectively to all prior periods presented
in the financial statements. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated
financial statements and related disclosures.

In December 2023, the FASB
issued ASU 2023-08,“ Intangibles， Goodwill and Other-Crypto Assets (Subtopic 350-60). Accounting for and Disclosure of Crypto
Assets” The amendments in this Update are effective for all entities for fiscal years beginning after December 15,2024, including
interim periods within those fiscal years, Early adoption is permitted for both interim and annual financial statements that have not
yet been issued (or made available for issuance). if an entity adopts the amendments in an interim period. it must adopt them as of the
beginning of the fiscal year that includes that interim period.

In December 2023, the FASB
issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, amending existing income tax disclosure guidance,
primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. For public business entities,
the amendments in this ASU are effective for annual periods beginning after December 15, 2024. For entities other than public business
entities, the amendments are effective for annual periods beginning after December 15, 2025. Early