Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 42

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 42
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quire new customers cost-effectively. We intend to continue to expand our number of customers as part of our growth strategy. If we
fail to retain existing customers and to attract and retain new customers, our business, financial condition and results of our operations
could be adversely affected.

Further, if customers do not
perceive our product offerings to be of sufficient value, quality, or innovation, or if we fail to offer innovative and relevant product
offerings, we may not be able to attract or retain customers or engage existing customers so that they continue to purchase products or
increase the amount of products purchased from us. We may lose current customers to competitors if the competitors offer superior products
or if we are unable to satisfy its customers’ orders in a timely manner.

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The market for ready-to-heat (“RTH”), ready-to-cook (“RTC”), ready-to-eat (“RTE”) and plant-based meal products in China and the United States is continuously evolving and may not grow as quickly as expected, or at all, which could negatively affect our business and prospects.

Our business and prospects
depend on the continuous development and growth of the markets for RTC, RTH, RTE and plant-based meal products in China and the United
States. The growth and development of these markets are impacted by numerous factors and subject to uncertainties that are beyond our
control, such as the macroeconomic environment, per capita spending, consumers’ interest, consumers’ purchasing frequency,
demand for RTH, RTC, RTE and plant-based meal products from consumers in lower tier cities, regulatory changes, technological innovations,
cultural influences and changes in tastes and preferences. We cannot assure you that the market will continue to grow as rapidly as it
has in the past, in ways that are consistent with other markets, or at all. If the markets for RTH, RTC, RTE and plant-based meal products
in China and the United States do not grow as quickly as expected or at all, or if we fail to benefit from such growth by successfully
implementing our business strategies, our business and prospects may be negatively affected.

We are actively expanding our business outside the PRC, where we may be subject to increased business, regulatory, and economic risks that could materially adversely affect our business, financial condition, results of operations, and prospects. A severe or prolonged downturn in the PRC or global economy could also materially and adversely affect our business, results of operations and financial condition.

Through 2023, we conducted