{"url_path":"/sec/ocg/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1776067/0001213900-26-056688-index.html","accession_number":"0001213900-26-056688","cik":"0001776067","ticker":"OCG","issuer_name":"Oriental Culture Holding LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1776067/0001213900-26-056688-index.html","primary_entity_key":"0001776067","primary_entity_name":"Oriental Culture Holding LTD"},"word_count":379,"has_tables":true,"body_markdown":"** **\n\n**ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS\nOF SECURITY HOLDERS AND USE OF PROCEEDS**\n\n** **\n\nSee “Item 10—Additional Information—B.\nMemorandum and Articles of Association—Common Shares” for a description of the rights of securities holders, which remain\nunchanged.\n\n \n\nUse of Proceeds\n\n** **\n\nThe following “Use of Proceeds” information\nrelates to the registration statement on Form F-1, as amended (File number: 333-234654) in relation to the initial public\noffering of 5,065,000 ordinary shares of the Company. Our initial public offering closed in December 2020. ViewTrade Securities Inc. was\nthe representative of the underwriters for our initial public offering. Counting in the ordinary shares sold upon the partial exercise\nof the over-allotment option by our underwriters, we offered and sold 5,124,400 ordinary shares and received net proceeds of approximately\nUS$17.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. The registration\nstatement was declared effective by the SEC on December 1, 2020. The total expenses incurred for our Company’s account in connection\nwith our initial public offering was approximately US$3.2 million, which included approximately US$1.4 million in underwriting\ndiscounts and commissions for the initial public offering and approximately US$1.8 million in other costs and expenses for our initial\npublic offering. None of the transaction expenses included payments to directors or officers of our Company or their associates, persons\nowning more than 10% or more of our equity securities or our affiliates. None of the net proceeds we received from the initial public\noffering were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our\nequity securities or our affiliates. The share numbers in this paragraph are before the share consolidations effected in October 2023, January 2026 and April 2026.\n\n \n\nFor the period from the date that the F-1 Registration Statement was\ndeclared effective by the SEC to December 31, 2025, we used approximately US$4.4 million of the proceeds received from the initial\npublic offering for the payment for upgrading information technology infrastructure, software, app development and system for our online\nplatform. There is no material change in the use of proceeds as described in the registration statement. We still intend to use the proceeds\nfrom our initial public offering as disclosed in our registration statement on Form F-1."}