DDC Enterprise Raises $124 Million with Participation from PAG Pegasus Fund and Mulana Investment — Founder Norma Chu Joins Round with $3 Million Investment to Advance Bitcoin Treasury Strategy

DDC Enterprise Limited (NYSEAMERICAN: DDC), a publicly listed company pioneering Bitcoin treasury adoption, today announced it has secured investment agreements for a $124 million equity financing round. The issuance price of $10.00 per Class A share is set close to the average closing price over the last 15 trading days and represents a 16% premium to the Company’s October 7, 2025 closing Class A share price.

The investment round is led by a distinguished consortium of investors, including PAG Pegasus Fund and Mulana Investment Management. OKG Financial Services Limited, a subsidiary of OKG Technology Holdings Limited also participated in this round of investment. DDC’s Founder, Chairwoman, and CEO Norma Chu is also personally investing $3 million, underscoring her confidence and long-term alignment with shareholders.

Further demonstrating confidence in the company’s strategic direction and long-term value creation, essentially all the participating investors’ capital, including the Founder's, is committed to a 180-day lock-up period from the closing date.

The newly raised capital will support the execution of DDC’s Bitcoin treasury strategy and further strengthen its position as a leading institutional player in the global Bitcoin treasury space.

Management and Investor Commentary

“We are proud to welcome PAG Pegasus Fund, OKG, and Mulana as strategic partners and shareholders, representing some of the most admired names in global finance and digital assets. Their investment is a strong endorsement of our vision and the growing importance of public Bitcoin treasuries. This financing round contributes not only capital, but also substantial strategic value and momentum as we advance DDC’s position as a global leader in the institutional Bitcoin space. It marks an important step in a broader set of planned financing designed to support our long-term strategy."

-- Norma Chu, Founder, Chairwoman and CEO of DDC Enterprise

"DDC’s leadership has consistently shown a deep understanding of market needs and a strong ability to execute. As DDC embarks on its next stage of growth, we recognize the potential for their platform to expand well beyond their core business. Our decision to invest reflects our anticipation for what DDC could accomplish as it accelerates and evolves.”

-- Jack Li, Partner and Founder of PAG Pegasus Fund

“DDC sets a new standard in the Bitcoin treasury space by combining rigorous discipline with rapid execution in an environment often marked by speculation. They have thoughtfully developed an institutional-grade blueprint for integrating Bitcoin treasury management into a public company framework. This blend of strategic vision and operational excellence aligns closely with Mulana’s core investment principles. We are proud to support DDC’s pursuit of one of the most ambitious Bitcoin accumulation strategies ever undertaken by a public company.”