Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 179

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 15
Chunk 179
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Item 15. Controls and Procedures

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 annual report, as required by Rule 13a-15(b) under
the Exchange Act. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of December
31, 2024, we did not maintain effective disclosure controls and procedures as of December 31, 2024 due to the material weaknesses and
significant deficiencies identified in our internal control over financial reporting as described below under “ Internal Control
over Financial Reporting.” We have taken action to and will continue to undertake remedial steps to address such material weaknesses
and significant deficiencies as set forth below under “ Internal Control over Financial Reporting.”.

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. Our management, with the participation
of our chief executive officer, our chief financial officer, evaluated the effectiveness of our internal control over financial reporting
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 we did not maintain effective internal
control over financial reporting as of December 31, 2024 due to the material weaknesses and significant deficiencies identified in our
internal control over financial reporting as described below under “ Internal Control over Financial Reporting.”

Internal Control over Financial Reporting

In the course of auditing
our consolidated financial statements for the year ended December 31, 2024, we and our independent registered public accounting firm identified
material weaknesses in our internal control over financial reporting as of December 31, 2024, in accordance with the standards established
by the Public Company Accounting Oversight Board of the United States, or the PCAOB. As defined in the standards established by the PCAOB,
a “material weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented
or detected on a timely basis.

The