# EDGAR Filing Document

**Accession Number:** 0001641398
**File Stem:** 0001213900-25-061506
**Filing Date:** 2025-7
**Character Count:** 30608
**Document Hash:** 26f4df548b5ecd397e963b3174c02535
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-061506.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001213900-25-061506

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250627

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GD Culture Group Ltd
- **CENTRAL INDEX KEY:** 0001641398
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-METALS, MINERALS (NO PETROLEUM) [5050]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 473709051
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37513
- **FILM NUMBER:** 251105953

**BUSINESS ADDRESS:**
- **STREET 1:** 22F-810 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 1-347-259-0292

**MAIL ADDRESS:**
- **STREET 1:** 22F-810 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Code Chain New Continent Ltd
- **DATE OF NAME CHANGE:** 20200518

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TMSR HOLDING Co Ltd
- **DATE OF NAME CHANGE:** 20180207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JM Global Holding Co
- **DATE OF NAME CHANGE:** 20150505

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): June 27, 2025

**GD Culture Group Limited**

**(Exact name of Company as specified in charter)**

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-37513** | **47-3709051** |
| **(State or other jurisdiction<br> of incorporation)** | **(Commission File No.)** | **(IRS Employer<br> Identification No.)** |

---

22F - 810 Seventh Avenue,

New York, NY 10019

**(Address of Principal Executive Offices) (Zip code)**

+1-347- 2590292

**(Company's Telephone number, including area code)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 GDC | Nasdaq Capital Market |

---

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On June 27, 2025, GD Culture Group Limited (the "Company") entered into an employment agreement (the "Employment Agreement") with Zihao Zhao, the Chief Financial Officer (the "Executive") of the Company, which replaces and supersedes the Executive's prior employment agreement dated as of April 21, 2023 (the "Prior Agreement").

The commencement date (as defined in the Employment Agreement) is May 15, 2025.

The Employment Agreement is substantially similar to the Prior Agreement except the annual base salary is now increased to one hundred thousand dollars ($100,000.00).

The foregoing summary of the Employment Agreement does not purport to be complete, and is qualified in its entirety by the full text of the Employment Agreement, which is attached to this Form 8-K as Exhibit 10.1 and incorporated herein by reference.

The information contained in this Current Report on Form 8-K of the Company, is hereby incorporated by reference into the Company's Registration Statement on Form F-3 (File No. 333-279141) and Registration Statement on Form S-8 (File No. 333-252790).

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Employment Agreement between GD Culture Group Ltd. and Zihao Zhao dated June 27, 2025](ea024816201ex10-1_gdculture.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **GD Culture Group Limited** | **GD Culture Group Limited** |
| Date: July 3, 2025 | By: | */s/ Xiaojian Wang* |
|  | Name: | Xiaojian Wang |
|  | Title: | Chief Executive Officer, President and<br> Chairman of the Board of Directors |

---

## Exhibit 10.1

**Exhibit 10.1**

**EMPLOYMENT CONTRACT**

**THIS EMPLOYMENT CONTRACT** (the "Agreement") dated this 27th day of June, 2025

**BETWEEN:**

GD Culture Group LTD. of 810 7th Ave, New York, NY 10019, USA

(the "Employer")

OF THE FIRST PART

**- AND -**

Zihao Zhao of 3 somerset ln, 308, Edgewater, NJ, 07020, USA

(the "Employee")

OF THE SECOND PART

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;**A.** The Employer is of the opinion that the Employee has the
necessary qualifications, experience and abilities to assist and benefit the Employer in its business.

&nbsp;&nbsp;&nbsp;&nbsp;**B.** The Employer desires to employ the Employee and the Employee
has agreed to accept and enter such employment upon the terms and conditions set out in this Agreement.

**IN CONSIDERATION OF** the matters described above and of the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:

**COMMENCEMENT DATE AND TERM**

&nbsp;&nbsp;&nbsp;&nbsp;**1.** The Employee will commence permanent full-time employment
with the Employer on the 15th day of May, 2025 (the "Commencement Date").

**JOB TITLE AND DESCRIPTION**

&nbsp;&nbsp;&nbsp;&nbsp;**2.** The initial job title of the Employee will be the following: **Chief Financial Officer (CFO)**.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** The Employee agrees to be employed on the terms and conditions
set out in this Agreement. The Employee agrees to be subject
to the general supervision of and act pursuant to the orders, advice and direction of the Employer.

<u>Employment Contract</u> <u>Page 2 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**4.** The Employee will perform any and all duties as requested
by the Employer that are reasonable and that are customarily performed by a person holding a similar position in the industry or business
of the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;**5.** The Employer may make changes to the job title or duties
of the Employee where the changes would be considered reasonable for a similar position in the industry or business of the Employer. The Employee's job title or duties may be changed
by agreement and with the approval of both the Employee and the Employer or after a notice period required under law.

&nbsp;&nbsp;&nbsp;&nbsp;**6.** The Employee agrees to abide by the Employer's rules, regulations,
policies, and practices, including those concerning work schedules, vacation, and sick leave, as they may from time to time be adopted
or modified.

**EMPLOYEE COMPENSATION**

&nbsp;&nbsp;&nbsp;&nbsp;**7.** Compensation paid to the Employee for the services rendered
by the Employee as required by this Agreement (the "Compensation") will include a salary of $100,000.00 (dollars) per year.

&nbsp;&nbsp;&nbsp;&nbsp;**8.** This Compensation will be payable once per month while this
Agreement is in force. The Employer is entitled to deduct from the Employee's Compensation, or from any other compensation in whatever
form, any applicable deductions and remittances as required by law.

&nbsp;&nbsp;&nbsp;&nbsp;**9.** The Employee understands and agrees that any additional remuneration
paid to the Employee in the form of bonuses or other similar incentive remuneration will rest in the sole discretion of the Employer
and that the Employee will not earn or accrue any right to incentive remuneration by reason of the Employee's employment.

&nbsp;&nbsp;&nbsp;&nbsp;**10.** The Employer will reimburse the Employee for all reasonable
expenses, in accordance with the Employer's lawful policies as in effect from time to time, including but not limited to, any travel
and entertainment expenses incurred by the Employee in connection with the business of the Employer. Expenses will be paid within a reasonable
time after submission of acceptable supporting documentation.

**PLACE OF WORK**

&nbsp;&nbsp;&nbsp;&nbsp;**11.** The Employee's primary place of work will be at the following
location: 810 7th Ave, New York, NY 10019, USA.

**EMPLOYEE BENEFITS**

&nbsp;&nbsp;&nbsp;&nbsp;**12.** The Employee will be entitled to only those additional benefits
that are currently available as described in the lawful provisions of the Employer's employment booklets, manuals, and policy documents
or as required by law.

<u>Employment Contract</u> <u>Page 3 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**13.** Employer discretionary benefits are subject to change, without
compensation, upon the Employer providing the Employee with 60 days written notice of that change and providing that any change to those
benefits is taken generally with respect to other employees and does not single out the Employee.

**DUTY TO DEVOTE FULL TIME**

&nbsp;&nbsp;&nbsp;&nbsp;**14.** The Employee agrees to devote full-time efforts, as an employee
of the Employer, to the employment duties and obligations as described in this Agreement.

**CONFLICT OF INTEREST**

&nbsp;&nbsp;&nbsp;&nbsp;**15.** During the term of the Employee's active employment with
the Employer, it is understood and agreed that any business opportunity relating to or similar to the Employer's actual or reasonably
anticipated business opportunities (with the exception of personal investments in less than 5% of the equity of a business, investments
in established family businesses, real estate, or investments in stocks and bonds traded on public stock exchanges) coming to the attention
of the Employee, is an opportunity belonging to the Employer. Therefore, the Employee will advise the Employer of the opportunity and
cannot pursue the opportunity, directly or indirectly, without the written consent of the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;**16.** During the term of the Employee's active employment with
the Employer, the Employee will not, directly or indirectly, engage or participate in any other business activities that the Employer,
in its reasonable discretion, determines to be in conflict with the best interests of the Employer without the written consent of the
Employer.

**CONFIDENTIAL INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;**17.** The Employee acknowledges that, in any position the Employee
may hold, in and as a result of the Employee's employment by the Employer, the Employee will, or may, be making use of, acquiring or
adding to information which is confidential to the Employer (the "Confidential Information") and the Confidential Information
is the exclusive property of the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;**18.** The Confidential Information will include all data and information
relating to the business and management of the Employer, including but not limited to, proprietary and trade secret technology and accounting
records to which access is obtained by the Employee, including Work Product, Computer Software, Other Proprietary Data, Business Operations,
Marketing and Development Operations, and Customer Information.

<u>Employment Contract</u> <u>Page 4 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**19.** The Confidential Information will also include any information
that has been disclosed by a third party to the Employer and is governed by a non-disclosure agreement entered into between that third
party and the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;**20.** The Confidential Information will not include information
that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** Is generally known in the industry of the Employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** Is now or subsequently becomes generally available to the
public through no wrongful act of the Employee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** Was rightfully in the possession of the Employee prior to
the disclosure to the Employee by the Employer;

indirect use of the Confidential Information; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e.** The Employee rightfully obtains from a third party who has
the right to transfer or disclose it.

&nbsp;&nbsp;&nbsp;&nbsp;**21.** The Confidential Information will also not include anything
developed or produced by the Employee during the Employee's term of employment with the Employer, including but not limited to, any intellectual
property, process, design, development, creation, research, invention, know-how, trade name, trade-mark or copyright that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** Was developed without the use of equipment, supplies, facility
or Confidential Information of the Employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** Was developed entirely on the Employee's own time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** Does not result from any work performed by the Employee for
the Employer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** Does not relate to any actual or reasonably anticipated business
opportunity of the Employer.

**DUTIES AND OBLIGATIONS CONCERNING CONFIDENTIAL INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;**22.** The Employee agrees that a material term of the Employee's
contract with the Employer is to keep all Confidential Information absolutely confidential and protect its release from the public. The
Employee agrees not to divulge, reveal, report or use, for any purpose, any of the Confidential Information which the Employee has obtained
or which was disclosed to the Employee by the Employer as a result of the Employee's employment by the Employer. The Employee agrees
that if there is any question as to such disclosure then the Employee will seek out senior management of the Employer prior to making
any disclosure of the Employer's information that may be covered by this Agreement.

<u>Employment Contract</u> <u>Page 5 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**23.** The Employee agrees and acknowledges that the Confidential
Information is of a proprietary and confidential nature and that any disclosure of the Confidential Information to a third party in breach
of this Agreement cannot be reasonably or adequately compensated for in money damages, would cause irreparable injury to Employer, would
gravely affect the effective and successful conduct of the Employer's business and goodwill, and would be a material breach of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**24.** The obligations to ensure and protect the confidentiality
of the Confidential Information imposed on the Employee in this Agreement and any obligations to provide notice under this Agreement
will survive the expiration or termination, as the case may be, of this Agreement and will continue for one year from the date of such
expiration or termination, except in the case of any Confidential Information which is a trade secret in which case those obligations
will last indefinitely.

&nbsp;&nbsp;&nbsp;&nbsp;**25.** The Employee may disclose any of the Confidential Information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** To a third party where Employer has consented in writing to
such disclosure; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** To the extent required by law or by the request or requirement
of any judicial, legislative, administrative or other governmental body after providing reasonable prior notice to the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;**26.** If the Employee loses or makes unauthorized disclosure of
any of the Confidential Information, the Employee will immediately notify the Employer and take all reasonable steps necessary to retrieve
the lost or improperly disclosed Confidential Information.

**OWNERSHIP AND TITLE TO CONFIDENTIAL INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;**27.** The Employee acknowledges and agrees that all rights, title
and interest in any Confidential Information will remain the exclusive property of the Employer. Accordingly, the Employee specifically
agrees and acknowledges that the Employee will have no interest in the Confidential Information, including, without limitation, no interest
in know-how, copyright, trade-marks or trade names, notwithstanding the fact that the Employee may have created or contributed to the
creation of the Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;**28.** The Employee waives any moral rights that the Employee may
have with respect to the Confidential Information.

<u>Employment Contract</u> <u>Page 6 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**29.** The Employee agrees to immediately disclose to the Employer
all Confidential Information developed in whole or in part by the Employee during the Employee's term of employment with the Employer
and to assign to the Employer any right, title or interest the Employee may have in the Confidential Information. The Employee agrees
to execute any instruments and to do all other things reasonably requested by the Employer, both during and after the Employee's employment
with the Employer, in order to vest more fully in the Employer all ownership rights in those items transferred by the Employee to the
Employer.

**RETURN OF CONFIDENTIAL INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;**30.** The Employee agrees that, upon request of the Employer or
upon termination or expiration, as the case may be, of this employment, the Employee will turn over to the Employer all Confidential
Information belonging to the Employer, including but not limited to, all documents, plans, specifications, disks or other computer media,
as well as any duplicates or backups made of that Confidential Information in whatever form or media, in the possession or control of
the Employee that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** May contain or be derived from ideas, concepts, creations,
or trade secrets and other proprietary and Confidential Information as defined in this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** Is connected with or derived from the Employee's employment
with the Employer.

**CONTRACT BINDING AUTHORITY**

&nbsp;&nbsp;&nbsp;&nbsp;**31.** Notwithstanding any other term or condition expressed or
implied in this Agreement to the contrary, the Employee will not have the authority to enter into any contracts or commitments for or
on the behalf of the Employer without first obtaining the express written consent of the Employer.

**TERMINATION DUE TO DISCONTINUANCE OF BUSINESS**

&nbsp;&nbsp;&nbsp;&nbsp;**32.** Notwithstanding any other term or condition expressed or
implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee
is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month
in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally
set as the Termination Date of this Agreement.

**TERMINATION OF EMPLOYMENT**

&nbsp;&nbsp;&nbsp;&nbsp;**33.** Where there is just cause for termination, the Employer may
terminate the Employee's employment without notice, as permitted by law.

<u>Employment Contract</u> <u>Page 7 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**34.** The Employee and the Employer agree that reasonable and sufficient
notice of termination of employment by the Employer is the greater of two weeks or any minimum notice required by law.

&nbsp;&nbsp;&nbsp;&nbsp;**35.** If the Employee wishes to terminate this employment with
the Employer, the Employee will provide the Employer with the greater of two weeks or the minimum notice required by law. As an alternative,
if the Employee co-operates with the training and development of a replacement, then sufficient notice is given if it is sufficient notice
to allow the Employer to find and train the replacement.

&nbsp;&nbsp;&nbsp;&nbsp;**36.** The Termination Date specified by either the Employee or
the Employer may expire on any day of the month and upon the Termination Date the Employer will forthwith pay to the Employee any outstanding
portion of the compensation including any accrued vacation and banked time, if any, calculated to the Termination Date.

&nbsp;&nbsp;&nbsp;&nbsp;**37.** Once notice has been given by either party for any reason,
the Employee and the Employer agree to execute their duties and obligations under this Agreement diligently and in good faith through
to the end of the notice period. The Employer may not make any changes to compensation or any other term or condition of this Agreement
between the time termination notice is given through to the end of the notice period.

**REMEDIES**

&nbsp;&nbsp;&nbsp;&nbsp;**38.** In the event of a breach or threatened breach by the Employee
of any of the provisions of this Agreement, the Employee agrees that the Employer is entitled to a permanent injunction, in addition
to and not in limitation of any other rights and remedies available to the Employer at law or in equity, in order to prevent or restrain
any such breach by the Employee or by the Employee's partners, agents, representatives, servants, employees, and/or any and all persons
directly or indirectly acting for or with the Employee.

**SEVERABILITY**

&nbsp;&nbsp;&nbsp;&nbsp;**39.** The Employer and the Employee acknowledge that this Agreement
is reasonable, valid, and enforceable. However, if any term, covenant, condition or provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void, or unenforceable, it is the parties' intent that such provision be changed in scope by the
court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions
of this Agreement will in no way be affected, impaired, or invalidated as a result.

<u>Employment Contract</u> <u>Page 8 of 11</u>

**NOTICES**

&nbsp;&nbsp;&nbsp;&nbsp;**40.** Any notices, deliveries, requests, demands, or other communications
required here will be deemed to be completed when hand-delivered, delivered by agent, or seven days after being placed in the post, postage
prepaid, to the parties at the following addresses or as the parties may later designate in writing:

**Employer:**

Name: GD Culture Group LTD.

Address: 810 7th Ave, New York, NY 10019, USA

**Employee:**

Name: Zihao Zhao

Address: 3 somerset ln, 308, Edgewater, NJ, 07020, USA

**MODIFICATION OF AGREEMENT**

&nbsp;&nbsp;&nbsp;&nbsp;**41.** Any amendment or modification of this Agreement or additional
obligation assumed by either party in connection with this Agreement will only be binding if evidenced in writing signed by each party
or an authorized representative of each party.

**GOVERNING LAW**

&nbsp;&nbsp;&nbsp;&nbsp;**42.** This Agreement will be construed in accordance with and governed
by the laws of the State of New York.

**DEFINITIONS**

&nbsp;&nbsp;&nbsp;&nbsp;**43.** For the purpose of this Agreement the following definitions
will apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** 'Work Product' means work product information, including but
not limited to, work product resulting from or related to work or projects performed or to be performed for the Employer or for clients
of the Employer, of any type or form in any stage of actual or anticipated research and development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** 'Computer Software' means computer software resulting from
or related to work or projects performed or to be performed for the Employer or for clients of the Employer, of any type or form in any
stage of actual or anticipated research and development, including but not limited to, programs and program modules, routines and subroutines,
processes, algorithms, design concepts, design specifications (design notes, annotations, documentation, flowcharts, coding sheets, and
the like), source code, object code and load modules, programming, program patches, and system designs.

<u>Employment Contract</u> <u>Page 9 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** 'Other Proprietary Data' means information relating to the
Employer's proprietary rights prior to any public disclosure of such information, including but not limited to, the nature of the proprietary
rights, production data, technical and engineering data, test data and test results, the status and details of research and development
of products and services, and information regarding acquiring, protecting, enforcing, and licensing proprietary rights (including patents,
copyrights, and trade secrets).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** 'Business Operations' means operational information, including
but not limited to, internal personnel and financial information, vendor names and other vendor information (including vendor characteristics,
services, and agreements), purchasing and internal cost information, internal services and operational manuals, and the manner and methods
of conducting the Employer's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e.** 'Marketing and Development Operations' means marketing and
development information, including but not limited to, marketing and development plans, price and cost data, price and fee amounts, pricing
and billing policies, quoting procedures, marketing techniques and methods of obtaining business, forecasts and forecast assumptions
and volumes, and future plans and potential strategies of the Employer which have been or are being considered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f.** 'Customer Information' means customer information, including
but not limited to, names of customers and their representatives, contracts and their contents and parties, customer services, data provided
by customers and the type, quantity and specifications of products and services purchased, leased, licensed, or received by customers
of the Employer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g.** 'Termination Date' means the date specified in this Agreement
or in a subsequent notice by either the Employee or the Employer to be the last day of employment under this Agreement. The parties acknowledge
that various provisions of this Agreement will survive the Termination Date.

**GENERAL PROVISIONS**

&nbsp;&nbsp;&nbsp;&nbsp;**44.** Time is of the essence in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**45.** Headings are inserted for the convenience of the parties
only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa.
Words in the masculine mean and include the feminine and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;**46.** No failure or delay by either party to this Agreement in
exercising any power, right or privilege provided in this Agreement will operate as a waiver, nor will any single or partial exercise
of such rights, powers or privileges preclude any further exercise of them or the exercise of any other right, power or privilege provided
in this Agreement.

<u>Employment Contract</u> <u>Page 10 of 11</u>

&nbsp;&nbsp;&nbsp;&nbsp;**47.** This Agreement will inure to the benefit of and be binding
upon the respective heirs, executors, administrators, successors and assigns, as the case may be, of the Employer and the Employee.

&nbsp;&nbsp;&nbsp;&nbsp;**48.** This Agreement may be executed in counterparts. Facsimile
signatures are binding and are considered to be original signatures.

&nbsp;&nbsp;&nbsp;&nbsp;**49.** If, at the time of execution of this Agreement, there is
a pre-existing employment agreement still in effect between the parties to this Agreement, then in consideration of and as a condition
of the parties entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged,
this Agreement will supersede any and all pre-existing employment agreements between the Employer and the Employee. Any duties, obligations,
and liabilities still in effect from any pre-existing employment agreement are void and no longer enforceable after execution of this
Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**50.** This Agreement constitutes the entire agreement between the
parties and there are no further items or provisions, either oral or written. The parties to this Agreement stipulate that neither of
them has made any representations with respect to the subject matter of this Agreement except such representations as are specifically
set forth in this Agreement.

<u>Employment Contract</u> <u>Page 11 of 11</u>

IN WITNESS WHEREOF, the parties have duly affixed their signatures under hand and seal on this 27<sup>th</sup> day of June, 2025.

---

| | |
|:---|:---|
| GD Culture Group LTD. | GD Culture Group LTD. |
| By: | /s/ Xiaojian Wang |
| Name: Xiaojian Wang | Name: Xiaojian Wang |
| Title: CEO | Title: CEO |
| Zihao Zhao | Zihao Zhao |
| /s/ Zihao Zhao | /s/ Zihao Zhao |

---

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