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DDC Enterprise Ltd delivers innovative plant-based meal solutions and immersive culinary experiences rooted in Asian cooking traditions. This news hub provides investors and industry observers with timely updates on the company’s strategic initiatives, product developments, and market positioning.
Access official press releases, earnings reports, and operational announcements to stay informed about DDC’s progress in the competitive food innovation sector. The curated collection includes updates on new product launches, retail partnerships, culinary experience expansions, and financial performance.
Bookmark this page for direct access to verified information about DDC’s advancements in ready-to-cook meals, advertising collaborations, and health-focused culinary education. Regular updates ensure stakeholders maintain current insights into the company’s role in shaping modern food culture.
DayDayCook (NYSEAM: DDC) has appointed Betty Liu to its Advisory Board. Liu, formerly Executive Vice Chairman of the NYSE, brings extensive experience in the US capital markets and a robust network from her tenure at the NYSE. Founder and CEO Norma Chu highlighted Liu's entrepreneurial spirit and resilience, viewing her guidance as pivotal for DayDayCook’s growth.
Betty Liu's career includes roles at Intercontinental Exchange, founding D and Z Media Acquisition Corp. (NYSE: DNZ), and Radiate. She's also a published author and serves on the boards of L'Occitane International and Captivision. Liu expressed enthusiasm for helping expand DDC's Asian cuisine brands in North America, noting the category's popularity among Gen-Z and millennials.
DayDayCook (NYSEAM: DDC), a leading content-driven food consumer brand, has appointed Jeffrey Ervin as Co-Chief Financial Officer, effective immediately. Ervin, with over 20 years of experience in corporate finance, will focus on overseeing financial controls, reporting requirements, and investor engagement in the U.S. market. He previously served as CEO of IMAC Holdings and VP of Finance at Medicare.com and Baptist Hospital System. This appointment aligns with DayDayCook's growth strategy in expanding U.S. operations, following recent acquisitions aimed at enhancing distribution and market presence. The Compensation Committee has awarded Ervin an option covering 100,000 shares of DDC’s Class A Ordinary Shares, vesting over four years.
DayDayCook (NYSEAM: DDC) has appointed Malik Sadiq as its Chief Operating Officer, effective immediately. Sadiq, who brings over 25 years of global food and beverage experience, including a tenure at Tyson Foods where he grew revenues to $2B, will focus on integrating and expanding DayDayCook's brands globally. His appointment is part of DDC's strategy to scale its recent acquisitions, Noma Lin, Yai’s Thai, and Omsom, and bolster its position as a leading Asian food brand.
CEO Norma Chu praised Sadiq's expertise in driving growth and operational efficiency, both organically and through M&A. Sadiq expressed enthusiasm for contributing to DDC's strategy of acquiring and scaling authentic Asian brands.
DayDayCook (NYSEAM: DDC) has acquired Omsom, an Asian food brand known for its Cooking Sauces and Saucy Noodles. The acquisition involves a mix of cash and stock over four years, aiming to accelerate product innovations and streamline operations. DDC's growing U.S. brand portfolio now includes Omsom, Nona Lim, and Yai's Thai. The integration of these brands is expected to enhance synergies and profitability. Omsom, founded in 2020 by Vanessa and Kim Pham, has seen a 324% year-over-year revenue increase in Q1 2024 and expanded its retail presence to over 2000 stores. Additionally, 160,000 DDC shares have been granted to five new non-executive employees from Omsom as part of their employment packages.
DDC Enterprise (NYSE American: DDC) announced it received a noncompliance notice from NYSE Regulation on May 16, 2024. The company failed to timely file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, which was due on May 15, 2024. According to Section 1007 of the NYSE American Company Guide, DDC has six months to submit the required filing to regain compliance. If it fails to do so, an additional six-month cure period may be granted. Failure to comply could lead to suspension and delisting. The NYSE Notice does not affect DDC's business operations or SEC reporting obligations. DDC's shares continue to trade on the NYSE American.
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