DDC Enterprise (DDC) backs reverse split plan and 100-vote Class B shares

Rhea-AI Filing Summary

DDC Enterprise Limited reported results from a Class A shareholders’ meeting and its 2026 annual meeting. Class A shareholders approved, by special resolution and subject to Class B class consent, increasing the voting rights of each Class B Ordinary Share from 10 votes to 100 votes, with 37,263,225 votes for, 33,655 against, and 166,847 abstaining.

At the annual meeting, shareholders elected four directors (Norma Ka Yin Chu, George Lai, Matthew Gene Mouw, and Samuel Chun Kong Shih) with 37,289,886 votes for each nominee. They ratified Enrome LLP as auditor for the year ending December 31, 2026. Shareholders granted the board general mandates to issue additional ordinary shares and to repurchase issued shares. They also approved, by special resolutions, a board‑implemented reverse share split of Class A Ordinary Shares at a ratio of up to 1‑for‑10, related amendments to the memorandum and articles of association, and a variation of class rights to increase Class B voting power to 100 votes per share, subject to the stated class consents.

Positive

• None.

Negative

• Substantial voting power concentration: Shareholders approved a variation of class rights to increase voting rights of each Class B Ordinary Share from 10 to 100 votes, subject to class consents, which can significantly concentrate control among Class B holders.

Insights

Governance and capital-structure analyst

DDC shareholders back stronger board powers and super‑voting Class B shares.

Shareholders approved a reverse share split authorization of up to 1‑for‑10 on Class A Ordinary Shares, along with related amendments. This allows the board to later reduce share count and increase par value per share within the approved range.

They also granted broad mandates to issue and repurchase shares, which expands flexibility for future equity and buyback activity within NYSE American and constitutional limits. Auditor ratification keeps Enrome LLP in place for the year ending December 31, 2026.

A key governance change is the approved increase in Class B voting rights from 10 to 100 votes per share, subject to required class consents. Concentrating voting power in Class B holders can meaningfully shift control dynamics, and the long‑term impact will depend on how these rights are used.

Key Figures

Class B voting change approval: 37,263,225 for / 33,655 against / 166,847 abstain Director election support: 37,289,886 for / 7,102 against / 166,739 abstain Auditor ratification votes: 37,455,995 for / 7,300 against / 432 abstain +4 more

7 metrics

Class B voting change approval 37,263,225 for / 33,655 against / 166,847 abstain Class A Meeting special resolution on increasing Class B votes per share

Director election support 37,289,886 for / 7,102 against / 166,739 abstain Each of four director nominees at 2026 annual meeting

Auditor ratification votes 37,455,995 for / 7,300 against / 432 abstain Appointment of Enrome LLP for year ending December 31, 2026

Share issuance mandate 37,261,583 for / 35,325 against / 166,819 abstain General mandate to allot, issue, and deal with additional shares

Share repurchase mandate 37,429,011 for / 34,705 against / 11 abstain General mandate to repurchase issued shares

Reverse split authorization 37,399,506 for / 61,199 against / 22 abstain Proposal to allow board to effect up to 1:10 reverse split

Class B votes per share 10 to 100 votes Approved variation of class rights, subject to class consents

Key Terms

special resolution, reverse share split, general mandate, variation of class rights, +2 more

6 terms

special resolution regulatory

"To consider and approve by a special resolution of the Class A Ordinary Shareholders"

A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.

reverse share split financial

"to authorize the Board to effect a reverse share split (the “Reverse Share Split”)"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

general mandate financial

"to grant the board a general mandate to allot, issue, and deal with additional ordinary shares"

A general mandate is a broad authorization shareholders give a company’s board to take routine capital actions—such as issuing new shares, buying back stock, or changing share capital—without needing a separate vote each time. It matters to investors because it lets management react quickly to opportunities or risks, like raising money or defending against takeovers; think of it as a standing permission slip that speeds decisions but should be monitored to avoid unexpected dilution.

variation of class rights regulatory

"to approve the proposed variation of class rights that the voting rights attached to each of the Company’s Class B ordinary share be increased"

Class B Ordinary Shares financial

"the voting rights attached to each Class B Ordinary Share be increased from 10 votes to 100 votes"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

memorandum and articles of association regulatory

"the Amended and Restated Memorandum and Articles of Association of the Company be altered"

Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

FAQ

What governance changes did DDC (DDC) shareholders approve at the 2026 meetings?

Shareholders approved director elections, auditor ratification, broad mandates to issue and repurchase shares, authorization for a reverse share split of up to 1‑for‑10 on Class A Ordinary Shares, and an increase in Class B voting rights to 100 votes per share, subject to class consents.

How did DDC (DDC) shareholders vote on the Class B super-voting rights proposal?

Class A shareholders approved increasing voting rights of each Class B Ordinary Share from 10 to 100 votes, subject to Class B consent, with 37,263,225 votes for, 33,655 against, and 166,847 abstaining, indicating strong support among voting Class A holders.

Did DDC (DDC) shareholders authorize a reverse share split of Class A Ordinary Shares?

Shareholders approved a special resolution authorizing the board to effect a reverse share split of issued and unissued Class A Ordinary Shares at a ratio of up to 1‑for‑10, with 37,399,506 votes for, 61,199 against, and 22 abstaining; the final ratio and date remain board‑determined.

Which directors were elected at DDC’s (DDC) 2026 annual meeting?

Shareholders elected Norma Ka Yin Chu, George Lai, Matthew Gene Mouw, and Samuel Chun Kong Shih as directors, each receiving 37,289,886 votes for, 7,102 against, and 166,739 abstentions, to serve until the next annual general meeting or earlier departure under the articles.

Who will serve as DDC’s (DDC) auditor for the year ending December 31, 2026?

Shareholders ratified and approved the appointment of Enrome LLP as auditor for the fiscal year ending December 31, 2026, authorizing the board to fix the auditor’s remuneration, with 37,455,995 votes for, 7,300 against, and 432 abstaining, showing near‑unanimous support.

What capital management powers did DDC (DDC) shareholders grant the board?

Shareholders granted the board general mandates to allot, issue, and deal with additional ordinary shares, and to repurchase issued shares, all subject to the company’s memorandum and articles and NYSE American rules, providing flexibility for future equity issuance and buyback actions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 07/01/2026 - 06:07 AM Accepted by SEC EDGAR 07/01/2026 - 06:07 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-41872

DDC Enterprise Limited

368 9th Ave., New York, NY 10001 USA

+ 852-2803-0688

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒       Form 40-F ☐

When used in this Form 6-K, unless otherwise indicated, the terms “the Company,” “DDC,” “we,” “us” and “our” refer to DDC Enterprise Limited and its subsidiaries.

Information Contained in this Form 6-K Report

On June 29, 2026, the Company held its Class Meeting of the holders of its Class A Ordinary Shares (the “Class A Meeting”) and 2026 Annual Meeting of Shareholders (the “Annual Meeting”).

Class A Meeting

One item of business was acted upon by the Company’s Class A shareholders at the Class A Meeting, which was approved by the Class A shareholders. The voting result was as follows:

Class Meeting Proposal. To consider and approve by a special resolution of the Class A Ordinary Shareholders: subject to the class consent from the holders of the Class B Ordinary Shares of the Company, the voting rights attached to each Class B Ordinary Share be increased from 10 votes to 100 votes on any resolution tabled at a general meeting of the Company, with immediate effect.

For		Against		Abstain
37,263,225		33,655		166,847

Annual Meeting

Seven items of business were acted upon by the Company’s shareholders at the Annual Meeting, each of which was approved by the shareholders. The voting results were as follows:

Proposal No. 1. To approve as an ordinary resolution: to elect the following persons as Directors of the Company, each to hold office until the next annual general meeting or until his or her successor is duly elected and qualified, subject to earlier death, resignation, or removal pursuant to the Company’s Articles of Association.

Nominee		For		Against		Abstain
Norma Ka Yin Chu		37,289,886		7,102		166,739
George Lai		37,289,886		7,102		166,739
Matthew Gene Mouw		37,289,886		7,102		166,739
Samuel Chun Kong Shih		37,289,886		7,102		166,739

Proposal No. 2. To approve as an ordinary resolution: to ratify and approve the appointment of Enrome LLP as auditor of the Company for the fiscal year ending December 31, 2026, and to authorize the board of directors of the Company to fix the remuneration of the auditor.

For		Against		Abstain
37,455,995		7,300		432

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Proposal No. 3. To approve as an ordinary resolution: to grant the board a general mandate to allot, issue, and deal with additional ordinary shares of the Company, subject to the limits set out in the Company’s memorandum and articles of association and applicable NYSE American rules.

For		Against		Abstain
37,261,583		35,325		166,819

Proposal No. 4. To approve as an ordinary resolution: to grant the board a general mandate to repurchase issued shares of the Company, subject to applicable law and NYSE American rules.

For		Against		Abstain
37,429,011		34,705		11

Proposal No. 5(a). To approve as a special resolution: to authorize the Board to effect a reverse share split (the “Reverse Share Split”) of the Company’s issued and unissued Class A ordinary shares, on a basis ranging from no reverse share split up to a ratio of one-for-ten (1:10) (“Approved Ratio”), with the final Approved Ratio and effective date to be determined by the Board, such that the number of authorized and issued Class A Ordinary Shares is decreased by the Approved Ratio, with the par value per Class A Ordinary Share increased by the Approved Ratio (the “Reverse Share Split Proposal”).

For		Against		Abstain
37,399,506		61,199		22

Proposal No. 5(b). To approve as a special resolution: subject to approval by the shareholders of the Reverse Share Split Proposal, to approve that the Amended and Restated Memorandum and Articles of Association of the Company be altered to reflect the Reverse Share Split.

For		Against		Abstain
37,399,507		64,199		21

Proposal No. 6. To approve as a special resolution: subject to separate consent of (i) holders of the Company’s Class A ordinary shares, and (ii) holders of the Company’s Class B ordinary shares, to approve the proposed variation of class rights that the voting rights attached to each of the Company’s Class B ordinary share be increased from ten (10) votes to one hundred (100) votes on any resolution tabled at a general meeting of the Company, the Company’s amended and restated memorandum and articles of association be amended such that the variation in voting rights attached to each of the Class B ordinary shares is reflected.

For		Against		Abstain
37,230,740		65,659		167,328

2

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, thereunto duly authorized.

	DDC Enterprise Limited.
Date: July 1, 2026	By:	/s/ Norma Ka Yin Chu
	Name:	Norma Ka Yin Chu
	Title:	Chief Executive Officer

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