DDC Enterprise Ltd. Completes $4.8 Million Loan Restructuring

DDC Enterprise, Ltd. (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the “Company”), a prominent multi-brand Asian consumer food company, has successfully recapitalized its debt and secured additional funding through a private equity placement.

DDC recently executed a transaction with ten creditors to convert $4.8 million in outstanding principal and interest into Class A Ordinary shares. Furthermore, four investors participated in a private placement, purchasing approximately $1.7 million in Class A Ordinary shares. As a result of these transactions, around 9.5 million Class A Ordinary shares were issued.

“DDC is thrilled with the support shown by our creditors who were eager to invest in the Company,” said Norma Chu, Chief Executive Officer. “This debt conversion, combined with the additional financial backing, significantly strengthens our balance sheet and provides the necessary capital to grow our brands and expand our distribution channels.”

The Company intends to use the proceeds from this financing for working capital and other corporate purposes. The Class A Ordinary shares were offered and sold in a private transaction, and as such, they have not been registered under the Securities Act of 1933. These securities may not be reoffered or resold unless pursuant to an effective registration statement or an applicable exemption from registration. The Company reported on a Form 6-K filed with the SEC on June 21, 2024, that it had entered into agreements with the creditors and investors, and that the transactions were subject to closing conditions, which have now been satisfied.

ABOUT DAYDAYCOOK

DayDayCook (NYSEAM: DDC) is dedicated to sharing the joy of Asian cooking culture with the world, offering a wide range of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that appeal to a global audience. Evolving from a culinary content authority to a multi-brand powerhouse, DayDayCook curates a diverse portfolio of products that emphasize authenticity, nutrition, and convenience. The Company’s growing brand portfolio includes DayDayCook, Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng. Follow the Company on LinkedIn.

Forward-Looking Statements

This announcement contains forward-looking statements, including statements regarding growth and expansion. These statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events that could affect the Company’s financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are based on assumptions about the Company’s present and future business strategies and the environment in which it will operate. Investors can identify many of these statements by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” or other similar expressions. The Company does not undertake any obligation to publicly update or revise these forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes the expectations in these forward-looking statements are reasonable, it cannot guarantee that these expectations will be met, and it cautions investors that actual results may differ materially from those anticipated. The Company encourages investors to review other factors that could affect its future results in its registration statement and other filings with the SEC.

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