Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 170

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 10
Chunk 170
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 PRC tax.”

Certain United States Federal Income Tax
Considerations

The following discussion is
a summary of U. S. federal income tax considerations generally applicable to U. S. Holders (as defined below) of the ownership
and disposition of our ordinary shares. This summary applies only to U. S. Holders that hold our Class A Ordinary Shares as capital
assets (generally, property held for investment) and that have the U. S. dollar as their functional currency. This summary is based
on U. S. federal tax laws in effect as of the date of this report, on U. S. Treasury regulations in effect or, in some cases,
proposed as of the date of this report, and judicial and administrative interpretations thereof available on or before such date. All
of the foregoing authorities are subject to change, which could apply retroactively and could affect the tax consequences described below.
No ruling has been sought from the Internal Revenue Service (“ IRS”) with respect to any U. S. federal income tax considerations
described below, and there can be no assurance that the IRS or a court will not take a contrary position. Moreover, this summary does
not address the U. S. federal estate, gift, backup withholding, and alternative minimum tax considerations, or any state, local, and
non-U. S. tax considerations, relating to the ownership and disposition of our ordinary shares. The following summary does not address
all aspects of U. S. federal income taxation that may be important to particular investors in light of their individual circumstances
or to persons in special tax situations such as:

  financial institutions or financial services entities;  

  insurance companies;  

  pension plans;  

  cooperatives;  

  regulated investment companies;  

  real estate investment trusts;  

  broker-dealers;  

  traders that elect to use a mark-to-market method of accounting;  

  governments or agencies or instrumentalities thereof;  

  certain former U. S. citizens or long-term residents;  

  tax-exempt entities (including private foundations);  

  persons liable for alternative minimum tax;  

  persons holding stock as part of a straddle, hedging, conversion or other integrated transaction;  

  persons whose functional currency is not the U. S. dollar;  

  passive foreign investment companies;  

  controlled foreign corporations;  

  persons that actually or constructively own 5% or more of the total combined voting power of all classes of our voting stock; or  

  partnerships