Company: DDC
Filing Date: 2025-07-22
Form Type: F-3
Source: 0001213900-25-066342
Chunk: 165

Company: DDC Enterprise Ltd
Filing Date: 2025-07-22
Form: F-3
Chunk 165
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 time being unissued shall be under the control of the directors of the Company who may, in their absolute discretion and
without the approval of the shareholder, cause the Company to issue, allot and dispose of shares (including, without limitation, preferred
shares) (whether in certificated form or non-certificated form) to such persons, in such manner, on such terms and having such rights
and being subject to such restrictions as they may from time to time determine and grant options with respect to shares issue warrants
or similar instruments with respect thereto. The directors may issue from time to time, out of the authorized share capital of the Company
(other than the authorised but unissued Ordinary Shares), series of preferred shares in their absolute discretion and without approval
of the shareholders; provided, however, before any preferred shares of any such series are issued, the directors shall by resolution of
directors determine, with respect to any series of preferred shares, the terms and rights of that series.

You
should refer to the prospectus supplement relating to any preferred shares being offered for the specific terms of those shares.

Upon
issuance, the preferred shares will be fully paid and non-assessable, which means that its holders will have paid their purchase price
in full and we may not require them to pay additional funds.

Any
terms of preferred share determined by our board of directors may decrease the amount of earnings and assets available for distribution
to holders of our Ordinary Shares or adversely affect the rights and power, including voting rights, of the holders of our Ordinary Shares
without any further vote or action by the shareholders. The rights of holders of our Ordinary Shares will be subject to, and may be adversely
affected by, the rights of the holders of any preferred shares that may be issued by us in the future. The issuance of preferred shares
could also have the effect of delaying or preventing a change in control of our company or make removal of management more difficult.

<div align='center'>Transfer Agent and Registrar</div>

The transfer agent and registrar
for our Class A Ordinary Shares is Equiniti Trust Company, LLC, located at 6201 15th Avenue, Brooklyn, New York, New York 11219.

<div align='center'>NYSE American Listing</div>

Our Class A Ordinary Shares
are listed on NYSE American under the symbol “DDC”.

<div align='center'>92

DESCRIPTION OF DEBT SECURITIES</div>

As used in this prospectus,
the term “de