Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 107

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 15
Chunk 107
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ITEM 15. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our
chief executive officer and chief financial officer, has performed an evaluation of the effectiveness of our disclosure controls and procedures
(as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report, as required by Rule 13a-15(b)
under the Exchange Act. Based upon that evaluation, our management has concluded that, due to the material weaknesses identified below,
as of December 31, 2024, our disclosure controls and procedures were not effective in ensuring that the information required to be disclosed
by us in the reports that we file or submit under the Exchange Act was recorded, processed, summarized and reported, within the time periods
specified in the SEC’s rules and forms, and that the information required to be disclosed by us in the reports that we file or submit
under the Exchange Act was accumulated and communicated to our management, including our chief executive officer and chief financial officer,
to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal
Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate
internal control over financial reporting, as defined in Rules 13a-15 (f) under the Exchange Act. As required by Section 404 of the
Sarbanes-Oxley Act and related rules as promulgated by the SEC, our management, with the participation of our chief executive officer
and chief financial officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2024, based
on criteria established in the framework in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on this evaluation, our management has concluded that our internal control over financial
reporting was not effective as of December 31, 2024.

Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies and procedures may deteriorate.

In the course of management’s preparation
and our independent registered public accounting firm’s auditing of our consolidated financial statements as of and for the year
ended December 31, 2024, we and our independent registered public