Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 13

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 13
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 with an online trading platform
for products and commodities other than collectible and artwork in Hong Kong. The trading platform of HKDAEx and its related trading business
ceased operation as of June 30, 2024 and the Company sold HKDAEx to an unrelated party for $1 in December 2024.

On November 8, 2019, the shareholders of the Company
adopted the Second Amended and Restated Articles of Association to effect a 2 for 1 forward share split of the total authorized and issued
and outstanding shares of the Company. As a result of the 2 for 1 forward share split, the Company’s total authorized shares are
1,000,000,000 shares comprising of (i) 900,000,000 ordinary shares with a par value of $0.00005 each and (ii) 100,000,000 preferred shares
with a par value of $0.00005 each, and the Company’s issued and outstanding ordinary shares increased from 12,400,000 shares to
24,800,000 shares. In addition, all existing shareholders agreed to surrender to the Company as treasury shares, 12.5% of the then outstanding
ordinary shares (3,100,000 ordinary shares) for no consideration.

On May 28, 2020, all existing shareholders of
the Company agreed to surrender an additional 6,510,000 ordinary shares, or 30% of the Company’s then outstanding ordinary shares,
at no consideration to be reserved as treasury shares of the Company.

On December 1, 2020, the Company completed its
IPO of 5,065,000 ordinary shares and 59,400 option shares at a public offering price of $4.00 per share, par value US$0.00005 per share,
resulting in net proceeds to the Company of approximately $17.3 million after deducting underwriting commission, offering costs and other
expenses.

In March 2022, Jiangsu Yanggu signed a Capital
Increase Investment Agreement (“ Agreement”) with Noble Family New Retail Co., Ltd. (“ Noble Family”), Beijing Wen
Jiao Technology Co., Ltd. (“ BJWJ”) and two investors to acquire shares and increase capital of Beijing Jiu Yu Ling Jing Technology
Co., Ltd. (“ JYLJ”). Pursuant to the Agreement, Jiangsu Yanggu acquired 11.875% equity interest of JYLJ through a cash contribution
of RMB 6 million