DDC Enterprise Ltd. (DDC) has released an update.
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DDC Enterprise Ltd. has made significant strategic moves, including approving a share consolidation plan and increasing its authorized share capital to 200 million Class A Ordinary Shares. The company is also cancelling ‘underwater’ stock options and has issued new shares to creditors and investors, raising $7.5 million. Additionally, George Lai has been appointed as an independent director, replacing Wei Qiao.
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