Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 161

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 161
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 in a company’s articles of association. Our Memorandum
and Articles provide that upon the requisition of any one or more of our shareholders holding shares which carry in aggregate not less
than ten percent of the share capital of our company entitled to vote at general meetings, our board will be required to convene an extraordinary
general meeting and put the resolutions so requisitioned to a vote at such meeting. However, our Memorandum and Articles do not provide
our shareholders with any right to put any proposals before annual general meetings or extraordinary general meetings not called by such
shareholders.

Variation of Rights of Shares. Whenever the capital of our company is divided into different classes or series, the rights attached to any such class
or series may, subject to any rights or restrictions for the time being attached to any class or series, only be materially adversely
varied or abrogated with the consent in writing of the holders of not less than two thirds of the issued shares of that class, or with
the approval of a resolution passed by a majority of not less than two thirds of the votes cast at a separate meeting of the holders of
the Shares of that class. The rights conferred upon the holders of the shares of any class issued will not, unless otherwise expressly
provided by the terms of issue of the shares of that class, be deemed to be varied or abrogated by the creation, allotment, or issue of
further shares ranking pari passu with or subsequent to such existing class of shares, or the redemption or purchase of any shares of
any class by our company. The rights of the holders of shares shall not be deemed to be varied or abrogated by the creation or issue of
shares with preferred or other rights including, without limitation, the creation of shares with enhanced or weighted voting rights.

<div align='center'>87</div>

Winding Up; Liquidation.Subject
to any special rights, privileges or restrictions as to the distribution of available surplus assets on liquidation applicable to any
class or classes of shares (1) if we are wound up and the assets available for distribution among our shareholders are more than sufficient
to repay the whole of the capital paid up at the commencement of the winding up, the excess shall be distributed pari passu among our
shareholders in proportion to the amount paid up at the commencement of the winding up on the shares held by them, respectively, and (2)
if we are wound up and the assets available for distribution among our shareholders as such are