{"url_path":"/sec/ocg/10-k/2026/item-19","section_key":"item-19","section_title":"Item 19 EXHIBITS**","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":24796,"has_tables":true,"body_markdown":"** **\n\n**ITEM 19. EXHIBITS** \n\n** **\n\n**Exhibit No.**\n \n**Description**\n\n1.1*\n \n[ Fourth Amended and\nRestated Memorandum and Articles of Association](ea028763201ex1-1.htm)\n\n2.1\n \n[Specimen certificate evidencing ordinary shares (incorporated herein by reference to Exhibit 4.1 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](http://www.sec.gov/Archives/edgar/data/1776067/000121390020004905/ff12019a2ex4-1_oriental.htm)\n\n2.2*\n \n[Description Of Securities](ea028763201ex2-2.htm)\n\n4.1\n \n[Sale and Purchase Agreement in Respect of 100% of Issued Share Capital of HKDAEX Limited by and between HKFAEX Group Limited and Oriental Culture Holding LTD dated May 7, 2019 (incorporated herein by reference to Exhibit 10.1 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](http://www.sec.gov/Archives/edgar/data/1776067/000121390020010783/ea120978ex10-1_orientalcul.htm)\n\n4.2\n \n[Sale and Purchase Agreement in Respect of 100% of Issued Share Capital of China International Assets and Equity of Artworks Exchange Limited by and between HKFAEX Group Limited and Oriental Culture Holding LTD dated May 7, 2019 (incorporated herein by reference to Exhibit 10.2 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](http://www.sec.gov/Archives/edgar/data/1776067/000121390020010783/ea120978ex10-2_orientalcul.htm)\n\n4.3\n \n[Technical Consultation and Service Agreement, by and between Nanjing Rongke Business Consulting Service Co., Ltd. and Jiangsu Yanggu Culture Development Co., Ltd. dated May 8, 2019 (incorporated herein by reference to Exhibit 10.3 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390019022984/ff12019ex10-1_oriental.htm)\n\n4.4\n \n[Equity Pledge Agreement, by and among Nanjing Rongke Business Consulting Service Co., Ltd., Jiangsu Yanggu Culture Development Co., Ltd. and Jiangsu Yanggu Culture Development Co., Ltd.’s shareholders dated May 8, 2019 (incorporated herein by reference to Exhibit 10.4 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390019022984/ff12019ex10-2_oriental.htm)\n\n4.5\n \n[Equity Option Agreement, by and among Nanjing Rongke Business Consulting Service Co., Ltd., Jiangsu Yanggu Culture Development Co., Ltd. and Jiangsu Yanggu Culture Development Co., Ltd.’s shareholders dated May 8, 2019 (incorporated herein by reference to Exhibit 10.5 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390019022984/ff12019ex10-3_oriental.htm)\n\n4.6\n \n[Voting Rights Proxy and Financial Supporting Agreement, by and among Nanjing Rongke Business Consulting Service Co., Ltd., Jiangsu Yanggu Culture Development Co., Ltd. and Jiangsu Yanggu Culture Development Co., Ltd.’s shareholders dated May 8, 2019 (incorporated herein by reference to Exhibit 10.6 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390019022984/ff12019ex10-4_oriental.htm)\n\n4.7\n \n[Form of Indemnification Agreement by and between the Registrant and executive officers and directors of the Registrant (incorporated herein by reference to Exhibit 10.9 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390019022984/ff12019ex10-6_oriental.htm)\n\n** **\n\n115\n\n \n\n** **\n\n4.8\n \n[Independent Director Agreement by and between the Registrant and Xiaobing Liu dated May 10, 2019 (incorporated herein by reference to Exhibit 10.13 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390020006314/ea119494ex10-11_oriental.htm)\n\n4.9\n \n[Director Agreement by and between the Registrant and Yi Shao dated March 6, 2020 (incorporated herein by reference to Exhibit 10.15 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390020006314/ea119494ex10-13_oriental.htm)\n\n4.10\n \n[Administration Services Agreement by and between HKDAEx Limited and HKFAEx Limited dated August 1, 2018 (incorporated herein by reference to Exhibit 10.25 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](https://www.sec.gov/Archives/edgar/data/1776067/000121390020000786/ff12019a1ex10-18_oriental.htm)\n\n4.11\n \n[Cooperation Agreement by and between HKDAEx Limited and Nanjing Jinwang Art Purchase E-commerce Co., Ltd. on March 15, 2019 (incorporated herein by reference to Exhibit 10.30 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](http://www.sec.gov/Archives/edgar/data/1776067/000121390020035971/ea129532ex10-30_orientalcult.htm)\n\n4.12\n \n[Form of Amended and Restated Equity Pledge Agreement by and among Nanjing Rongke, Jiangsu Yanggu  and shareholders of Jiangsu Yanggu (incorporated herein by reference to Exhibit 10.1 to Form 6-K filed with the SEC on February 1, 2021)](http://www.sec.gov/Archives/edgar/data/1776067/000121390021005811/ea134309ex10-1_oriental.htm)\n\n4.13\n \n[Form of Amended and Restated Equity Option Agreement by and among Nanjing Rongke, Jiangsu Yanggu  and shareholders of Jiangsu Yanggu (incorporated herein by reference to Exhibit 10.2 to Form 6-K filed with the SEC on February 1, 2021)](http://www.sec.gov/Archives/edgar/data/1776067/000121390021005811/ea134309ex10-2_oriental.htm)\n\n4.14\n \n[Form of Amended and Restated Voting Rights Proxy and Financial Supporting Agreement by and among Nanjing Rongke, Jiangsu Yanggu  and shareholders of Jiangsu Yanggu (incorporated herein by reference to Exhibit 10.3 to Form 6-K filed with the SEC on February 1, 2021)](http://www.sec.gov/Archives/edgar/data/1776067/000121390021005811/ea134309ex10-3_oriental.htm)\n\n4.15\n \n[Preowned Property Purchase and Sale Agreement by and among Nanjing Z-COM Wireless Communication Technology Co., Ltd., Kashi Longrui Business Management Service Co., Ltd., and Kashi Dongfang Cangpin Culture Development Co., Ltd. on November 4, 2021. (incorporated herein by reference to Exhibit 4.41 to Form 20-F filed with the SEC on May 2, 2022)](http://www.sec.gov/Archives/edgar/data/1776067/000121390022022923/f20f2021ex4-41_oriental.htm)\n\n4.16\n \n[Oriental Culture Holding LTD 2021 Omnibus Equity Plan (incorporated herein by reference to Annex A of Exhibit 99.1 to the Form 6-K, filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1776067/000121390021057752/ea149947ex99-1_oriental.htm)\n\n4.17\n \n[Cooperation Agreement by and between Kashi Dongfang Cangpin Culture Development Co., Ltd. and Zhongcang Warehouse Co., Ltd. dated January 1, 2021 (incorporated herein by reference to Exhibit 4.46 to Form 20-F filed with the SEC on May 2, 2022)](http://www.sec.gov/Archives/edgar/data/1776067/000121390022022923/f20f2021ex4-46_oriental.htm)\n\n4.18\n \n[Technical Maintenance Services Contract by and between Kashi Jinwang Art Purchase E-commerce Co., Ltd. and Nanjing Yanyu Information Technology Co., Ltd. dated July 1, 2022 (incorporated herein by reference to Exhibit 4.47 to Form 20-F filed with the SEC on May 1, 2023)](https://www.sec.gov/Archives/edgar/data/1776067/000121390023034692/f20f2022ex4-47_oriental.htm)\n\n4.19\n \n[Office Premises Use Contract by and between Nanjing Cultural and Artwork Property Exchange Co., Ltd. and Kashi Longrui Business Management Services Co., Ltd. dated December 31, 2022(incorporated herein by reference to Exhibit 4.48 to Form 20-F filed with the SEC on May 1, 2023)](https://www.sec.gov/Archives/edgar/data/1776067/000121390023034692/f20f2022ex4-48_oriental.htm)\n\n \n\n116\n\n \n\n \n\n4.20\n \n[Supplemental Agreement to Technical Maintenance Services Contract by and between Nanjing Cultural and Artwork Property Exchange Co., Ltd. and Nanjing Yanyu Information Technology Co., Ltd. (incorporated herein by reference to Exhibit 4.35 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex4-35_oriental.htm)\n\n4.21\n \n[Office Premises Use Contract by and between Nanjing Cultural and Artwork Property Exchange Co., Ltd. and Nanjing Yanyu Information Technology Co., Ltd. (incorporated herein by reference to Exhibit 4.36 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex4-36_oriental.htm)\n\n4.22\n \n[Supplemental Agreement to Office Premises Use Contract by and between Nanjing Cultural and Artwork Property Exchange Co., Ltd. and Kashi Longrui Business Management Services Co., Ltd. (incorporated herein by reference to Exhibit 4.37 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex4-37_oriental.htm)\n\n4.23\n \n[Employment Agreement by and between the Company and Yi Shao dated May 10, 2023 (incorporated herein by reference to Exhibit 4.38 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex4-38_oriental.htm)\n\n4.24\n \n[Employment Agreement by and between the Company and Xi Li dated November 29, 2023 (incorporated herein by reference to Exhibit 4.39 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex4-39_oriental.htm)\n\n4.25\n \n[Renewal of Employment Agreement with Yi Shao (incorporated herein by reference to Exhibit 4.33 to Form 20-F filed with the SEC on May 15, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025043484/ea023984701ex4-33_oriental.htm)\n\n4.26\n \n[Employment\nAgreement by and between the Company and Lijuan Ding dated May 13, 2024 (incorporated herein by reference to Exhibit 10.1 to Form\n6-K filed with the SEC on May 14, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024042973/ea020603801ex10-1_oriental.htm)\n\n4.27\n \n[Form of Securities Purchase Agreement (incorporated herein by reference to Exhibit 99.1 to Form 6-K filed with the SEC on June 6, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024050390/ea020741401ex99-1_oriental.htm)\n\n4.28\n \n[Form of Warrants (incorporated herein by reference to Exhibit 99.2 to Form 6-K filed with the SEC on June 6, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024050390/ea020741401ex99-2_oriental.htm)\n\n4.29\n \n[Employment Agreement by and between Oriental Culture Holding LTD. and Aimin Kong dated January 27, 2025 (incorporated herein by reference to Exhibit 4.37 to Form 20-F filed with the SEC on May 15, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025043484/ea023984701ex4-37_oriental.htm)\n\n4.30\n \n[Form of Unrestricted Stock Award Agreement by and between Oriental Culture Holding LTD. and Grantees dated on April 28, 2025. (incorporated herein by reference to Exhibit 10.1 to Form 6-K filed with the SEC on May 2, 2025)](http://www.sec.gov/Archives/edgar/data/1776067/000121390025039187/ea024045301ex10-1_oriental.htm)\n\n4.31\n \n[Renewal of Employment Agreement with Yi Shao (incorporated herein by reference to Exhibit 4.39 to Form 20-F filed with the SEC on May 15, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025043484/ea023984701ex4-38_oriental.htm)\n\n4.32\n \n[Employment Agreement by and between the Company and Lijuan Ding dated May 12, 2025 (incorporated herein by reference to Exhibit 4.40 to Form 20-F filed with the SEC on May 15, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025043484/ea023984701ex4-39_oriental.htm)\n\n4.33\n \n[Certificate of Designation of 12,000,000 Preferred Shares (incorporated herein by reference to Annex A of Exhibit 99.1 to Form 6-K filed with the SEC on May 27, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025047813/ea024346301ex99-1_oriental.htm)\n\n4.34\n \n[Sales Agreement by and between the Company and A.G.P./Alliance Global Partners dated December 11, 2025 (incorporated herein by reference to Exhibit 1.1 to Form 6-K filed with the SEC on December 11, 2025)](https://www.sec.gov/Archives/edgar/data/1776067/000121390025120720/ea026895401ex1-1_oriental.htm)\n\n4.35\n \n[Subscription Agreement by and between Oriental Culture Holding LTD and Jade Cove, L.P. dated on April 20, 2026 (incorporated herein by reference to Exhibit 99.1 to Form 6-K/A filed with the SEC on April 24, 2026)](https://www.sec.gov/Archives/edgar/data/1776067/000121390026047273/ea028761001ex99-1.htm)\n\n4.36*\n \n[Renewal of Employment Agreement with Yi Shao](ea028763201ex4-36.htm)\n\n4.37*\n \n[Employment Agreement by and between the Company and Lijuan Ding dated May 12, 2026](ea028763201ex4-37.htm)\n\n8.1*\n \n[List of Subsidiaries of the Registrant](ea028763201ex8-1.htm)\n\n11.1\n \n[Code of Business Conduct and Ethics (incorporated herein by reference to Exhibit 99.1 to the registration statement on Form F-1 (File No. 333-234654), as amended, initially filed with the SEC on November 12, 2019)](http://www.sec.gov/Archives/edgar/data/1776067/000121390020004905/ff12019a2ex99-1_oriental.htm)\n\n12.1*\n \n[CEO Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ea028763201ex12-1.htm)\n\n12.2*\n \n[CFO Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ea028763201ex12-2.htm)\n\n13.1*\n \n[CEO Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ea028763201ex13-1.htm)\n\n13.2*\n \n[CFO Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ea028763201ex13-2.htm)\n\n15.1*\n \n[Consent of Tahota (Nanjing) Law Firm](ea028763201ex15-1.htm)\n\n15.2*\n \n[Consent of Wei Wei & Co., LLP](ea028763201ex15-2.htm)\n\n19.1\n \n[Insider Trading Policy (incorporated herein by reference to Exhibit 19.1 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex19-1_oriental.htm)\n\n97.1\n \n[Clawback Policy (incorporated herein by reference to Exhibit 97.1 to Form 20-F filed with the SEC on April 25, 2024)](http://www.sec.gov/Archives/edgar/data/1776067/000121390024036221/ea020396801ex97-1_oriental.htm)\n\n101.INS\n \nInline XBRL Instance Document *\n\n101.SCH\n \nInline XBRL Taxonomy Extension Schema Document *\n\n101.CAL\n \nInline XBRL Taxonomy Extension Calculation Linkbase Document *\n\n101.DEF\n \nInline XBRL Taxonomy Extension Definition Linkbase Document *\n\n101.LAB\n \nInline XBRL Taxonomy Extension Label Linkbase Document *\n\n101.PRE\n \nInline XBRL Taxonomy Extension Presentation Linkbase Document *\n\n104\n \nCover Page Interactive Data File formatted as Inline XBRL and contained in Exhibit 101 *\n\n \n\n*\nFiled as an exhibit hereto.\n\n \n\n117\n\n \n\n \n\n**SIGNATURES**\n\n** **\n\nThe registrant hereby certifies that it meets\nall of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report\non its behalf.\n\n** **\n\n \n**Oriental Culture Holding LTD.**\n\n \n \n\n \n/s/ Yi Shao\n\n \nName: \nYi Shao\n\n \nTitle:\nChief Executive Officer\n\n \n\nDate: May 14, 2026\n \n\n \n\n118\n\n \n\n \n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n** **\n\n**INDEX TO CONSOLIDATED FINANCIAL STATEMENTS**\n\n** **\n\n**TABLE OF CONTENTS**\n\n** **\n\n[Reports of Independent Registered Public Accounting Firm (PCAOB ID:2388)](#f_006)   F-2\n\n     \n\n[Consolidated Balance Sheets as of December 31, 2025 and 2024](#f_001)   F-5\n\n[Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2025, 2024 and 2023](#f_002)   F-6\n\n[Consolidated Statements of Changes in Shareholders’ Equity for the Years Ended December 31, 2025, 2024 and 2023](#f_003)   F-7\n\n[Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 2023](#f_004)   F-8\n\n[Notes to Consolidated Financial Statements](#f_005)   F-9\n\n \n\nF-1\n\n \n\n ** **\n\n \n\n  **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**\n\n \n\nTo the Shareholders and Board of Directors of\n\nOriental Culture Holding LTD\n\n \n\n**Opinion on the Financial Statements**\n\n \n\nWe have audited the accompanying consolidated balance sheets of Oriental Culture Holding LTD and subsidiaries (the “Company”) as of December 31, 2025 and 2024, and the related consolidated statements of operations and comprehensive loss, changes in shareholders’ equity, and cash flows for each of the three years in the period ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.\n\nWe have also audited, in accordance with the standards of the Public\nCompany Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting\nas of December 31, 2025, based on criteria established in *Internal Control – Integrated Framework (2013)* issued by the Committee\nof Sponsoring Organizations of the Treadway Commission (“COSO”) and our report dated May 14, 2026, expressed an adverse opinion\non the Company’s internal control over financial reporting.\n\n \n\n**Basis\nfor Opinion**\n\n** **\n\nThese financial statements are the responsibility of the Company’s\nmanagement. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public\naccounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal\nsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe\nconducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain\nreasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits\nincluded performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud,\nand performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts\nand disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates\nmade by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a\nreasonable basis for our opinion.\n\n \n\n**Critical Audit Matters**\n\n \n\nCritical audit matters are matters arising\nfrom the current period audit of the financial statements that were communicated or required to be communicated to the audit committee\nand that: (1) relate to accounts or disclosures that are material to the financial statements, and (2) involved our especially challenging,\nsubjective, or complex judgments. We determined that there are no critical audit matters.\n\n \n\n/s/\nWei, Wei & Co., LLP\n\n \n\nWe have served as the Company’s\nauditor since 2019.\n\n \n\nFlushing,\nNew York\n\nMay 14, 2026\n\n \n\nF-2\n\n \n\n** **\n\n \n\n**REPORT OF\nINDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**\n\n \n\n \n\n \n\nTo the Shareholders and Board of Directors of\n\nOriental Culture Holding LTD\n\n \n\n**Opinion on Internal Control over Financial\nReporting**\n\n \n\nWe have audited the internal control over financial\nreporting of Oriental Culture Holding LTD and subsidiaries (the “Company”) as of December 31, 2025, based on criteria established\nin *Internal Control – Integrated Framework (2013)* issued by the Committee of Sponsoring Organizations of the Treadway Commission\n(the “COSO criteria”). In our opinion, because of the effect of the material weaknesses described below on the achievement\nof the objectives of the control criteria, the Company has not maintained effective internal control over financial reporting as of December\n31, 2025, based on the COSO criteria.\n\n \n\nWe have also audited, in accordance with the standards of the Public\nCompany Accounting Oversight Board (United States) (“PCAOB”), the consolidated balance sheets of the Company as of December\n31, 2025 and 2024, and the related consolidated statements of operations and comprehensive loss, changes in shareholders’ equity,\nand cash flows for each of the three years in the period ended December 31, 2025, and the related notes (collectively, the financial statements),\nand our report dated May 14, 2026, expressed an unqualified opinion on those financial statements.\n\n \n\nA material weakness is a deficiency, or combination\nof deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement\nof the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. The following material\nweaknesses have been identified and included in management’s assessment:\n\n \n\n●The Company did not have a risk assessment process\nand had not formally documented its evaluation of the effectiveness of its internal control over financial reporting, including but not\nlimited to controls over revenue, investments and journal entries.\n\n \n\n●There was a lack of in-house accounting personnel\nwith appropriate knowledge of accounting principles generally accepted in the United States (“US GAAP”) and SEC reporting\nrequirements to ensure (a) consistent application of US GAAP in the recording of transactions and business activities; and (b) compliance\nwith pertinent reporting and disclosure requirements.\n\n \n\n●There was a lack of policies and procedures to\nensure timely account reconciliation and analysis, review and detection of errors or inaccuracies in the consolidated financial statements.\n\n \n\nThe material weaknesses were considered in determining\nthe nature, timing, and extent of audit tests applied in our audit of the Company’s 2025 consolidated financial statements, and\nthis report does not affect our report on those consolidated financial statements.\n\n \n\n**Basis for Opinion**\n\n \n\nThe Company’s management is responsible\nfor maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over\nfinancial reporting, included in the accompanying *Management’s Report on Internal Control Over Financial Reporting*.\nOur responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are\na public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the\nU.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nF-3\n\n \n\n \n\n \n\nWe conducted our audit in accordance with the\nstandards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective\ninternal control over financial reporting was maintained in all material respects. Our audit of internal control over financial reporting\nincluded obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists,\nand testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included\nperforming such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis\nfor our opinion.\n\n \n\n**Definition and Limitations of Internal Control\nover Financial Reporting**\n\n \n\nA company’s internal control over financial\nreporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of\nfinancial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control\nover financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,\naccurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions\nare recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and\nthat receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the\ncompany; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition\nof the company’s assets that could have a material effect on the financial statements.\n\n \n\nBecause of its inherent limitations, internal\ncontrol over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future\nperiods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance\nwith the policies or procedures may deteriorate.\n\n \n\n/s/\nWei, Wei & Co., LLP\n\n \n\nWe have served as the Company’s auditor\nsince 2019.\n\nFlushing,\nNew York\n\nMay 14, 2026\n\n \n\nF-4\n\n \n\n \n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n \n\n**CONSOLIDATED BALANCE SHEETS**\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nAssets \n   \n  \n\n  \n   \n  \n\nCurrent assets \n   \n  \n\nCash and cash equivalents \n$32,323,209  \n$17,068,272 \n\nRestricted cash \n \n-\n  \n 6,475,274 \n\nShort-term investments \n 3,015,800  \n 5,294,952 \n\nRestricted investment \n \n-\n  \n 10,794,296 \n\nAccounts receivable, net \n 376,725  \n 278 \n\nInventory \n 567,513  \n 1,231,335 \n\nOther receivables and prepaid expenses \n 302,258  \n 1,073,244 \n\nOther receivable - related party \n 20,360,293  \n \n-\n \n\nTotal current assets \n 56,945,798  \n 41,937,651 \n\n  \n    \n   \n\nProperty and equipment, net \n 8,513,675  \n 8,647,932 \n\n  \n    \n   \n\nOther assets \n    \n   \n\nCost method investments \n 924,034  \n 903,518 \n\nIntangible assets, net \n 6,208  \n 1,546,565 \n\nDeferred tax assets, net \n 138,185  \n \n-\n \n\nTotal other assets \n 1,068,427  \n 2,450,083 \n\n  \n    \n   \n\nTotal assets \n$66,527,900  \n$53,035,666 \n\n  \n    \n   \n\nLiabilities and Shareholders’ Equity \n    \n   \n\n  \n    \n   \n\nCurrent liabilities \n    \n   \n\nAccounts payable \n$1,028,330  \n$2,417,587 \n\nAccounts payable - related parties \n 296,672  \n 502 \n\nDeferred revenue \n 3,841  \n 78,427 \n\nOther payables and accrued liabilities \n 500,377  \n 616,340 \n\nTaxes payable \n 59,998  \n 13,498 \n\nTotal current liabilities \n 1,889,218  \n 3,126,354 \n\n  \n    \n   \n\nTotal liabilities \n 1,889,218  \n 3,126,354 \n\n  \n    \n   \n\nCommitments and Contingencies \n \n-\n  \n \n-\n \n\n  \n    \n   \n\nShareholders’ Equity \n    \n   \n\nPreferred shares, $0.00005 par value, 100,000,000 shares authorized, 12,000,000 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively \n 600  \n \n-\n \n\nOrdinary shares, $0.165 par value, 3,000,000 and 272,728 shares authorized,\n151,873 and 31,048 shares issued, 148,960 and 28,135 shares outstanding as of December 31, 2025 and 2024, respectively* \n 25,054  \n 5,118 \n\nTreasury shares, at cost, 2,913 shares issued as of December 31, 2025 and 2024, respectively* \n (481) \n (481)\n\nAdditional paid-in capital \n 47,537,432  \n 29,712,151 \n\nStatutory reserves \n 178,303  \n 155,313 \n\nRetained earnings \n 18,371,787  \n 22,252,747 \n\nAccumulated other comprehensive loss \n (1,474,013) \n (2,215,536)\n\nTotal shareholders’ equity \n 64,638,682  \n 49,909,312 \n\n  \n    \n   \n\nTotal liabilities and shareholders’ equity \n$66,527,900  \n$53,035,666 \n\n \n\n* The shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation and 3 to 1 share consolidation (Note 15).\n\n \n\nThe accompanying notes are an integral\npart of these consolidated financial statements.\n\n \n\nF-5\n\n \n\n \n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n** **\n\n**CONSOLIDATED STATEMENTS OF OPERATIONS\nAND COMPREHENSIVE LOSS**\n\n** **\n\n  \nYear Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nOperating revenues: \n   \n   \n  \n\nNet revenues \n$1,360,549  \n$568,057  \n$1,435,449 \n\nNet revenues - related parties \n 528,299  \n 54,633  \n 144,609 \n\nTotal operating revenues \n 1,888,848  \n 622,690  \n 1,580,058 \n\n  \n    \n    \n   \n\n**Cost of revenues:** (including warehouse cost from related party of $6, $21,075, and $64,051 for the years ended December 31, 2025, 2024 and 2023, respectively) \n (270,828) \n (182,181) \n (405,628)\n\n  \n    \n    \n   \n\nGross profit \n 1,618,020  \n 440,509  \n 1,174,430 \n\n  \n    \n    \n   \n\nOperating expenses: \n    \n    \n   \n\nSelling and marketing \n (326,575) \n (207,842) \n (618,111)\n\nGeneral and administrative \n (4,590,896) \n (3,325,474) \n (4,657,438)\n\nGeneral and administrative - related parties \n \n-\n  \n (104,391) \n (234,289)\n\nProvision for expected credit losses \n (543,912) \n \n-\n  \n \n-\n \n\nTotal operating expenses \n (5,461,383) \n (3,637,707) \n (5,509,838)\n\n  \n    \n    \n   \n\nLoss from operations \n (3,843,363) \n (3,197,198) \n (4,335,408)\n\n  \n    \n    \n   \n\nOther income (expense) \n    \n    \n   \n\nGain from short-term investments \n 164,784  \n 109,964  \n 89,474 \n\nInterest and investment income \n 672,697  \n 763,190  \n 372,199 \n\nImpairment loss on intangible assets \n (1,350,000) \n (356,676) \n \n-\n \n\nGain on deconsolidation of VIE\n \n 63,056  \n \n \n  \n \n \n \n\nOther income, net \n 324,825  \n 247,277  \n 290,088 \n\nTotal other income, net \n (124,638) \n 763,755  \n 751,761 \n\n  \n    \n    \n   \n\nLoss before income taxes \n (3,968,001) \n (2,433,443) \n (3,583,647)\n\n  \n    \n    \n   \n\nIncome tax (benefit) expense \n (110,031) \n 93  \n 14,833 \n\n  \n    \n    \n   \n\nNet loss \n$(3,857,970) \n$(2,433,536) \n$(3,598,480)\n\n  \n    \n    \n   \n\nOther comprehensive loss \n    \n    \n   \n\nForeign currency translation adjustment \n 741,523  \n (479,801) \n (560,679)\n\n  \n    \n    \n   \n\nComprehensive loss \n$(3,116,447) \n$(2,913,337) \n$(4,159,159)\n\n  \n    \n    \n   \n\nWeighted average number of ordinary shares * \n    \n    \n   \n\nBasic and diluted \n 35,968  \n 20,039  \n 6,469 \n\n  \n    \n    \n   \n\nLoss per share * \n    \n    \n   \n\nBasic and diluted \n$(107.26) \n$(121.44) \n$(556.29)\n\n \n\n* The shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation and 3 to 1 share consolidation (Note 15).\n\n \n\nThe accompanying notes are an integral part of\nthese consolidated financial statements.\n\n \n\nF-6\n\n \n\n \n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n** **\n\n**CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’\nEQUITY**\n\n \n\n  \n  \n   \n   \n   \n   \n  \n   \n   \nAccumulated  \n  \n\n  \nPreferred\n\nshares  \nOrdinary\n\nshares*  \nTreasury\n\nshares*  \nAdditional\n\npaid-in  \nStatutory  \nRetained  \nother\n\ncomprehensive  \n  \n\n  \nShares  \nPar Value  \nShares  \nPar Value  \nShares  \nPar Value  \ncapital  \nreserves  \nearnings  \nincome(loss)  \nTotal \n\nBalance as of December 31, 2022 \n \n-\n  \n \n-\n  \n 9,345  \n$1,542  \n (2,913) \n$(481) \n$22,349,767  \n$124,757  \n$28,315,319  \n$(1,175,056) \n$49,615,848 \n\nAmortization of shares issued for consulting fees \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n 92,960  \n \n-\n  \n \n-\n  \n \n-\n  \n 92,960 \n\nAdditional rounding shares issued due to share reconsolidation \n -  \n \n-\n  \n 36  \n 1  \n -  \n \n-\n  \n (1) \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n \n\nNet loss \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n \n-\n  \n (3,598,480) \n \n-\n  \n (3,598,480)\n\nStatutory reserve \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n 28,280  \n (28,280) \n \n-\n  \n \n-\n \n\nForeign currency translation adjustment \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n (560,679) \n (560,679)\n\nBalance as of December 31, 2023 \n \n-\n  \n \n-\n  \n 9,381  \n 1,543  \n (2,913) \n (481) \n$22,442,726  \n 153,037  \n 24,688,559  \n (1,735,735) \n 45,549,649 \n\nStock compensation \n -  \n \n-\n  \n 455  \n 75  \n -  \n \n-\n  \n 572,925  \n \n-\n  \n \n-\n  \n \n-\n  \n 573,000 \n\nShares issued for private placement \n -  \n \n-\n  \n 21,212  \n 3,500  \n -  \n \n-\n  \n 6,996,500  \n \n-\n  \n \n-\n  \n \n-\n  \n 7,000,000 \n\nTransaction costs related to private placement \n -  \n \n-\n  \n 1,273  \n 210  \n -  \n \n-\n  \n (300,210) \n \n-\n  \n \n-\n  \n \n-\n  \n (300,000)\n\nShares to be issued for transaction costs related to private placement \n -  \n \n-\n  \n (1,273) \n (210) \n -  \n \n-\n  \n 210  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n \n\nNet loss \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n \n-\n  \n (2,433,536) \n \n-\n  \n (2,433,536)\n\nStatutory reserve \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n 2,276  \n (2,276) \n \n-\n  \n \n-\n \n\nForeign currency translation adjustment \n -  \n \n-\n  \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n (479,801) \n (479,801)\n\nBalance as of December 31, 2024 \n \n-\n  \n \n-\n  \n 31,048  \n 5,118  \n (2,913) \n (481) \n 29,712,151  \n 155,313  \n 22,252,747  \n (2,215,536) \n 49,909,312 \n\nStock compensation \n 12,000,000  \n 600  \n 758  \n 125  \n    \n    \n 3,789,275  \n    \n    \n    \n 3,790,000 \n\nOrdinary shares issued for transaction costs related to private placement \n    \n    \n 1,273  \n 210  \n    \n    \n (210) \n    \n    \n    \n   \n\nCashless exercise of warrants \n    \n    \n 19,177  \n 3,164  \n    \n    \n (3,164) \n    \n    \n    \n   \n\nIssuance of ordinary shares via ATM Program \n    \n    \n 99,617  \n 16,437  \n    \n    \n 14,039,380  \n    \n    \n    \n 14,055,817 \n\nNet loss \n    \n    \n    \n    \n    \n    \n    \n    \n (3,857,970) \n    \n (3,857,970)\n\nStatutory reserve\n \n    \n    \n    \n    \n    \n    \n    \n 22,990  \n (22,990) \n    \n   \n\nForeign currency translation adjustment \n    \n    \n    \n    \n    \n    \n    \n    \n    \n 741,523  \n 741,523 \n\nBalance as of December 31, 2025 \n 12,000,000  \n$600  \n 151,873  \n$25,054  \n (2,913) \n$(481) \n$47,537,432  \n$178,303  \n$18,371,787  \n$(1,474,013) \n$64,638,682 \n\n \n\n* The shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation and 3 to 1 share consolidation (Note 15)\n\n \n\nThe accompanying notes are an integral part of\nthese consolidated financial statements.\n\n \n\nF-7\n\n \n\n \n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n** **\n\n**CONSOLIDATED STATEMENTS OF CASH FLOWS**\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nCash flows from operating activities: \n   \n   \n  \n\nNet loss \n$(3,857,970) \n$(2,433,536) \n$(3,598,480)\n\nAdjustments to reconcile net loss to net cash (used in) provided by operating activities: \n    \n    \n   \n\nDepreciation and amortization \n 286,333  \n 488,130  \n 610,369 \n\nGain from short-term investments \n (15,800) \n (109,964) \n (89,474)\n\nStock compensation \n 3,790,000  \n 573,000  \n 92,963 \n\nImpairment loss on intangible assets \n 1,350,000  \n 356,676  \n \n-\n \n\nLoss from disposal of property, plant and equipment \n \n-\n  \n 68,282  \n \n-\n \n\nLoss from disposal of intangible assets \n 53,685  \n \n-\n  \n \n-\n \n\nGain on deconsolidation of VIE \n (63,056) \n \n-\n  \n \n-\n \n\nGain on disposal of subsidiary \n \n-\n  \n (25,098) \n \n-\n \n\nProvision for credit losses \n 543,912  \n \n-\n  \n \n-\n \n\nDeferred income tax, net \n (135,978) \n \n-\n  \n \n-\n \n\nNon-cash lease expense \n \n-\n  \n 11,489  \n 22,773 \n\nChange in operating assets and liabilities: \n    \n    \n   \n\nAccounts receivable \n (914,339) \n (281) \n 209 \n\nAccounts receivable - related parties \n \n-\n  \n \n-\n  \n 28,969 \n\nInventory \n 680,730  \n (1,242,867) \n \n-\n \n\nOther receivables and prepaid expenses \n 867,482  \n (842,693) \n 4,162,588 \n\nOther receivable - related party \n (2,438,808) \n 344,219  \n 3,033,580 \n\nAccounts payable \n (414,713) \n (1,127,554) \n (351,404)\n\nAccounts payable - related parties \n 389,554  \n (27,226) \n (364)\n\nDeferred revenue \n (75,147) \n (101,771) \n (260,945)\n\nOther payables and accrued liabilities \n 71,611  \n 77,417  \n (9,155)\n\nTaxes payable \n (40,393) \n (3,109) \n 3,695 \n\nLease liability \n \n-\n  \n (11,489) \n (20,734)\n\nNet cash provided by (used in) operating activities \n 77,103  \n (4,006,375) \n 3,624,590 \n\n  \n    \n    \n   \n\nCash flows from investing activities: \n    \n    \n   \n\nPurchase of short-term investments \n (142,542,091) \n (45,567,066) \n (14,616,672)\n\nProceed from sale of short-term investments \n 138,193,451  \n 34,532,461  \n 14,340,414 \n\nPurchase of property, plant and equipment \n \n-\n  \n (59,025) \n (192,839)\n\nProceeds from disposal of property, plant and equipment \n 176,075  \n 37,279  \n \n-\n \n\nPurchase of intangible assets \n (1,000,000) \n (500,000) \n (42,151)\n\nNet cash used in investing activities \n (5,172,565**)** \n (11,556,351) \n (511,248)\n\n  \n    \n    \n   \n\nCash flows from financing activities: \n    \n    \n   \n\nProceeds from private placement \n \n-\n  \n 7,000,000  \n \n-\n \n\nPayments or private placement financing costs \n (300,000) \n \n-\n  \n \n-\n \n\nProceeds from issuance of common stock via ATM \n 14,055,817  \n \n-\n  \n \n-\n \n\nCash outflow from disposal of subsidiary \n \n-\n  \n (1,483) \n \n-\n \n\nProceeds released from escrow \n \n-\n  \n \n-\n  \n 600,000 \n\nNet cash provided by financing activities \n 13,755,817  \n 6,998,517  \n 600,000 \n\n  \n    \n    \n   \n\nEffect of exchange rate changes on cash and cash equivalents \n 119,308  \n (316,939) \n (273,869)\n\n  \n    \n    \n   \n\nIncrease (decrease) in cash and cash equivalents \n 8,779,663  \n (8,881,148) \n 3,439,473 \n\n  \n    \n    \n   \n\nCash and cash equivalents, beginning of year \n 23,543,546  \n 32,424,694  \n 28,985,221 \n\n  \n    \n    \n   \n\nCash and cash equivalents, end of year \n$32,323,209  \n$23,543,546  \n$32,424,694 \n\n  \n    \n    \n   \n\nSupplemental disclosures of cash flow information: \n    \n    \n   \n\nCash paid for income tax \n$\n-\n  \n$\n-\n  \n$14,455 \n\nCash paid for interest \n$\n-\n  \n$\n-\n  \n$\n-\n \n\n  \n    \n    \n   \n\nNon-cash transactions: \n    \n    \n   \n\nTransaction costs included in other payables and accrued liabilities \n$\n-\n  \n$300,000  \n$\n-\n \n\nPurchases of intangible assets included in accounts payable \n$\n-\n  \n$1,000,000  \n$\n-\n \n\n \n\n**Reconciliation of cash, cash equivalents and restricted cash**\n\n \n\n  \n2025  \n2024  \n2023 \n\nCash and cash equivalents \n$32,323,209  \n$17,068,272  \n$17,684,018 \n\nRestricted cash \n \n-\n  \n 6,475,274  \n 14,740,676 \n\nTotal cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows \n$32,323,209  \n$23,543,546  \n$32,424,694 \n\n \n\nThe accompanying notes are an integral part of\nthese consolidated financial statements.\n\n \n\nF-8\n\n \n\n** **\n\n**ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES**\n\n** **\n\n**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**\n\n \n\n**Note 1 – Nature of business and organization**\n\n** **\n\nOriental Culture Holding Ltd. (“Oriental\nCulture”) is a holding company incorporated on November 29, 2018, under the laws of the Cayman Islands. Oriental Culture has no\nsubstantial operations other than holding all of the outstanding share capital of Oriental Culture Development (“Oriental Culture\nBVI”) and China International Assets and Equity of Artworks Exchange Limited (“International Culture”). Oriental Culture\nBVI is also a holding company holding all of the outstanding share capital of HK Oriental Culture Investment Development Limited (“Oriental\nCulture HK”). Oriental Culture HK is also a holding company holding all of the outstanding equity of Nanjing Rongke Business Consulting\nService Co., Ltd. (“Nanjing Rongke” or “WFOE”).\n\n \n\nOriental Culture, its subsidiaries and variable interest entity (“VIE”)\nand its subsidiaries are hereafter referred to as the “Company”. The Company, through its direct subsidiary International\nCulture and VIE, Jiangsu Yanggu Culture Development Co., Ltd. (“Jiangsu Yanggu”) and its subsidiaries are engaged in providing\nonline platform and services that facilitate the e-commerce trading of artwork and collectables and the online trading of commodities,\nprincipally teas. The Company’s headquarters are located in the City of Nanjing, in the People’s Republic of China (the “PRC”\nor “China”). Substantially all of the Company’s business activities are carried out by International Culture, Jiangsu\nYanggu and Jiangsu Yanggu’s subsidiaries.\n\n \n\nContractual Arrangements\n\n \n\nIn the PRC, investment activities by foreign investors\nare principally governed by the Special Administrative Measures (Negative List) for Foreign Investment Access which is updated from time\nto time by MOFCOM and NDRC. The Negative List divides industries into two categories: restricted and prohibited. Industries not listed\nin the Negative List are generally deemed as constituting a third “permitted” category unless specifically restricted by other\nPRC regulations.\n\n \n\nOriental Culture is a Cayman Islands company and\nits subsidiaries including WFOE is considered a foreign invested enterprise. Although the business the Company conducts through Jiangsu\nYanggu is not within the category in which foreign investment is currently restricted or prohibited under the Negative List or other PRC\nLaws, the Company originally expected that in the future Jiangsu Yanggu will engage in marketing survey services for online marketplaces.\nMarketing survey services are within the category in which foreign investment is restricted pursuant to the Negative List. In addition,\nthe Company also originally intended to centralize the Company’s management and operations in the PRC to avoid being restricted\nto conduct certain business activities which are important for the Company’s current or future business but are currently restricted\nor might be restricted in the future. As such, Jiangsu Yanggu was structured as an VIE of the Company controlled through contractual arrangements\nin lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements are comprised of a series\nof four agreements (collectively the “Contractual Arrangements”), of which the significant terms are as follows:\n\n \n\nContractual Agreements with Jiangsu Yanggu\n\n \n\n*Technical Consultation and Services Agreement*\n\n \n\nPursuant to the technical consultation and services agreement between\nWFOE and Jiangsu Yanggu, WFOE has the exclusive right to provide consultation and services to Jiangsu Yanggu in the areas of management,\nhuman resources, technology and intellectual property rights. For such services, Jiangsu Yanggu agrees to pay service fees of 100% of\nits net income to WFOE and also WFOE has the obligation to absorb 100% of the losses of Jiangsu Yanggu.\n\n \n\nF-9\n\n \n\n \n\nThe WFOE exclusively owns any intellectual property rights arising\nfrom the performance of this Technical Consultation and Services Agreement. The term of the Technical Consultation and Service Agreement\nis 20 years until May 7, 2039. WFOE may terminate this agreement at any time by giving 30 days’ written notice to Jiangsu Yanggu.\n\n  \n\n*Equity Pledge Agreement*\n\n \n\nPursuant to the Equity Pledge Agreements among WFOE, Jiangsu Yanggu\nand Jiangsu Yanggu’s shareholders dated May 8, 2019, each of Jiangsu Yanggu’s shareholders pledged all of their equity interests\nin Jiangsu Yanggu to WFOE to guarantee Jiangsu Yanggu’s performance of relevant obligations and indebtedness under the Technical\nConsultation and Services Agreement and other agreements. If Jiangsu Yanggu breaches its obligations under the Contractual Agreements,\nWFOE, as pledgee, will be entitled to certain rights, including the right to dispose of the pledged equity interests in order to recover\nthe damages associated with such breach. The pledge is valid until all of Jiangsu Yanggu’s shareholders are no longer shareholders\nof Jiangsu Yanggu, or until the satisfaction of all Jiangsu Yanggu’s obligations under the Contractual Agreements.\n\n \n\n*Equity Option Agreement*\n\n \n\nPursuant to the Equity Option Agreement among WFOE, Jiangsu Yanggu\nand Jiangsu Yanggu’s shareholders dated May 8, 2019, WFOE has the exclusive right to require Jiangsu Yanggu’s shareholders\nto fulfill and complete all approval and registration procedures required under PRC laws for WFOE to purchase, or designate one or more\npersons to purchase, each shareholders’ equity interests in Jiangsu Yanggu, in one or multiple transactions, at any time or from\ntime to time, at WFOE’s sole and absolute discretion. The purchase price shall be the lowest price allowed by PRC laws. The Equity\nOption Agreement shall remain effective until all the equity interests owned by Jiangsu Yanggu’s shareholders have been legally\ntransferred to WFOE or its designee(s).\n\n \n\n*Voting Rights Proxy and Financial Supporting Agreements*\n\n \n\nPursuant to the voting rights proxy and financial supporting agreements,\nas amended, among the shareholders of Jiangsu Yanggu and WFOE, Jiangsu Yanggu’s shareholders have given WFOE an irrevocable proxy\nto act on their behalf on all matters pertaining to Jiangsu Yanggu and to exercise all of their rights as shareholders of Jiangsu Yanggu,\nincluding the right to attend shareholders meeting, to exercise voting rights and to transfer all or a part of their equity interests\nin Jiangsu Yanggu. In consideration of such granted rights, WFOE agrees to provide the necessary financial support to Jiangsu Yanggu whether\nor not Jiangsu Yanggu incurs losses, and agrees not to request repayment if Jiangsu Yanggu is unable to do so. The agreements is in effect\nfor 20 years until May 7, 2039. \n\n \n\nBased on the foregoing contractual arrangements,\nwhich grant WFOE effective control of Jiangsu Yanggu and its subsidiaries and obligates WFOE to absorb 100% of the risk of loss from its\nactivities, as well as enable WFOE to receive 100% of the expected residual returns, the Company accounts for Jiangsu Yanggu and its subsidiaries\nas VIEs. Accordingly, the Company consolidates the accounts of Jiangsu Yanggu and its subsidiaries in accordance with Regulation S-X-3A-02\npromulgated by the Securities Exchange Commission (“SEC”), and the Financial Accounting Standards Board (“FASB”)\nAccounting Standards Codification (“ASC”) Section 810-10, Consolidation.\n\n \n\nOn January 28, 2021, WFOE entered into an Amended\nand Restated Equity Pledge Agreement, an Amended and Restated Equity Option Agreement, and an Amended and Restated Voting Rights Proxy\nand Financial Supporting Agreement (“Amended and Restated VIE Agreements”) with Jiangsu Yanggu and all shareholders of Jiangsu\nYanggu in order to amend and restate the Equity Pledge Agreement, Equity Option Agreement, and Voting Rights Proxy and Financial Supporting\nAgreement originally entered by the parties in May, 2019 (“Original VIE Agreements”). The Amended and Restated VIE Agreements\nwere made principally to reflect a change of the share ownership of Jiangsu Yanggu as a result of the transfer by Mr. Weipeng Liang of\nhis 10% equity interest in Jiangsu Yanggu to Ms. Yuanyuan Xiao on January 28, 2021. Except for the change of the share ownership of Jiangsu\nYanggu due to such equity transfer, there are no other changes to the terms of the Original VIE Agreements. \n\n \n\nF-10\n\n \n\n \n\n**Dismantling of the VIE structure**\n\n \n\nOn October 16, 2025, the Board of Directors of the Company approved\nto terminate the variable interest entity structure of the Company to streamline its corporate structure and better control its operating\nentities. In conjunction with such decision, Jiangsu Yanggu, the VIE, will transfer all the equity interests of its wholly owned subsidiaries,\nnamely Nanjing Yanqing Information Technology Co., Ltd. (“Nanjing Yanqing”) and Nanjing Yanyu Information Technology Co.,\nLtd. (“Nanjing Yanyu”) to WOFE and the Company will terminate the Equity Pledge Agreement by and among the WFOE, Jiangsu Yanggu\nand Jiangsu Yanggu’s shareholders to release the pledged shares of Jiangsu Yanggu to its shareholders.\n\n \n\nOn October 20, 2025, the Company, Jiangsu Yanggu,\nNanjing Rongke, Nanjing Yanqing, Nanjing Yanyu and shareholders of Jiangsu Yanggu entered into an Equity Restructuring for VIE Structure\nDissolution and Termination Agreement of VIE Agreement (“VIE Termination Agreement”). Pursuant to the VIE Termination Agreement,\nthe parties agreed: (i) Jiangsu Yanggu will transfer all the equity interests of Nanjing Yanqing and Nanjing Yanyu to WOFE for RMB 0 (the\n“Equity Transfer”) and (ii) all VIE-related agreements, namely the Technical Consultation and Service Agreement, the Equity\nPledge Agreement, as amended, the Equity Option Agreement, as amended and the Voting Rights Proxy and Financial Supporting Agreements,\nshall be immediately terminated, with all rights and obligations permanently extinguished, effective from the date of Equity Transfer\nwhich is the date of completion of business registration change for such Equity Transfer (the “Termination”). On November\n11, 2025, Jiangsu Yanggu completed the Equity Transfer of 100% ownership of Nanjing Yanyu and Nanjing Yanqing to WOFE. Upon completion\nof the Equity Transfer and execution of the VIE Termination Agreement, the Company owns the equity interests in its operating entities\nin China through direct ownership instead of through the VIE structure.\n\n \n\nThe\nCompany’s corporate structure prior to the deconsolidation of VIE\nwas as follows:\n\n \n\n \n\n \n\nF-11\n\n \n\n \n\nThe Company’s corporate structure as of\nDecember 31, 2025 was as follows:\n\n \n\n \n\nF-12\n\n \n\n \n\nThe accompanying consolidated financial statements\nreflect the activities of the Company and each of the following entities:\n\n \n\n**Name**   **Background**   **Ownership**\n\n**Subsidiaries:**\n\nChina International Assets and Equity of Artworks Exchange Limited (“International Culture”)  \n● A Hong Kong company\n\n \n\n● Incorporated on November 22, 2013, commenced operations in March 2018.\n\n \n\n● Engages in providing an online platform that facilitates e-commerce of collectible and artwork trading\n  100%\n\n         \n\nHKDAEx Limited (“HKDAEx”)  \n● A Hong Kong company\n\n \n\n● Incorporated on April 18, 2018\n\n \n\n● Engages in providing an online platform that facilitates e-commerce of certain commodities trading\n \n100%\n\nDisposed in December 2024*\n\n         \n\nOriental Culture BVI  \n● A British Virgin Islands company\n\n \n\n● Incorporated on December 6, 2018\n  100%\n\n         \n\nOriental Culture HK  \n● A Hong Kong company\n\n \n\n● Incorporated on January 3, 2019\n  100% owned by Oriental Culture BVI\n\n         \n\nWFOE  \n● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)\n\n \n\n● Incorporated on May 7, 2019\n\n \n\n● Holding company of Nanjing Yanyu and Nanjing Yanqing\n\n  100% owned by Oriental Culture HK\n\n         \n\nNanjing Yanyu Information Technology Co., Ltd. (“Nanjing Yanyu”)  \n● A PRC limited liability company\n\n \n\n● Incorporated on June 7, 2018\n\n \n\n● Provides support services to Jiangsu Yanggu, International Culture, HKDAEx, Kashi Longrui and Kashi Dongfang\n  100% owned by Jiangsu Yanggu\n\n         \n\nNanjing Yanqing Information Technology Co., Ltd. (“Nanjing Yanqing”)  \n● A PRC limited liability company\n\n \n\n● Incorporated on May 17, 2018\n\n \n\n● Holding company of Kashi Longrui and Kashi Dongfang\n  100% owned by Jiangsu Yanggu\n\n         \n\nKashi Longrui Business Management Service Co., Ltd. (“Kashi Longrui”)  \n● A PRC limited liability company\n\n \n\n● Incorporated on July 19, 2018\n\n \n\n● Operating entity provides marketing services\n  100% owned by Nanjing Yanqing\n\n         \n\nKashi Dongfang Cangpin Culture Development Co., Ltd. (“Kashi Dongfang”)  \n● A PRC limited liability company\n\n \n\n● Incorporated on August 29, 2018\n\n \n\n● Operating entity provides listing and warehouse services\n  100% owned by Nanjing Yanqing\n\n         \n\nHainan Yanqing Information Technology Co., Ltd. (“Hainan Yanqing”)  \n● A PRC limited liability company\n\n \n\n● Incorporated on June 26, 2025\n\n \n\n● Doesn’t have any operation.\n  100% owned by Nanjing Yanqing\n\n         \n\n**Fromer VIE:**        \n\nJiangsu Yanggu  \n● A PRC limited liability company\n\n \n\n● Incorporated on August 23, 2017, commenced operations in March 2018.\n\n \n\n● Disposed on November 11, 2025\n \nFormer VIE of WFOE\n\n \n\n* The Company disposed HKDAEx in December 2024 and recognized $25,098 gain on this disposal. As the disposal of HKDAEx does not represent strategic change according with ASC 360, the Company did not report such disposals as discontinued operations.\n\nF-13\n\n \n\n \n\n**Note 2 – Liquidity risk and going concern**\n\n** **\n\nAs reflected in the accompanying condensed consolidated\nfinancial statements, the Company reported consecutive years of net loss of $3,857,970, $2,433,536 and $3,598,480 for the years ended\nDecember 31, 2025, 2024 and 2023, respectively. In assessing its liquidity, management monitors and analyzes the Company’s working\ncapital and cash flow requirements, its ability to generate sufficient cash inflows, and manage its operating and capital expenditure\ncommitments.\n\n \n\nOn December 11, 2025, the Company entered into\na sales agreement with a sales agent (“AGP”) with respect to an at-the-market offering program (“ATM Program”)\nunder which the Company may, from time to time in its sole discretion, issue and sell through AGP, acting as sales agent or principal,\nup to $200 million of ordinary shares of the Company, par value $0.00025 per share. On April 17, 2026, the Company and AGP agreed to terminate\nthe Sales Agreement and the ATM Program, effective immediately (the “Termination”). As of April 17, 2026, the Company had\nsold 1,888,895 ordinary shares (post share consolidation) under the ATM program pursuant to the Sales Agreement and the aggregate gross\nproceeds from the ATM program were approximately $32.9 million.\n\n \n\nBased on the Company’s latest cash flows projection, management\nbelieves the operating activities and existing funds can provide sufficient liquidity for the Company to meet its working capital requirement\nfor at least 12 months through December 31, 2026.\n\n** **\n\nThe accompanying condensed consolidated financial\nstatements were prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction\nof liabilities in the normal course of business. The accompanying condensed consolidated financial statements do not include any adjustments\nrelated to the recoverability and or classification of the recorded asset amounts and or the classification of the liabilities that might\nbe necessary should the Company be unable to continue as a going concern. \n\n** **\n\n**Note 3 – Summary of significant accounting policies**\n\n \n\nBasis of presentation\n\n \n\nThe accompanying consolidated financial statements\nwere prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and\ninformation pursuant to the rules and regulations of the SEC.\n\n \n\nPrinciples of consolidation\n\n \n\nPrior to the deconsolidation of VIE, the consolidated financial statements\ninclude the accounts of the Company, its subsidiaries, the VIE and subsidiaries of the VIE. Following the dismantling of the VIE structure\nin November 2025, the consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions\nand balances are eliminated in consolidation. \n\n \n\nUse of estimates and assumptions\n\n \n\nThe preparation of consolidated financial statements\nin conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities\nand disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts\nof revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated\nfinancial statements include revenue recognition, allowance for credit losses, the useful lives of property and equipment and intangible\nassets and impairment of long-lived assets. Actual results could differ from these estimates.\n\n \n\nForeign currency translation and transactions\n\n \n\nThe reporting currency of the Company is the U.S.\ndollar. The functional currency for our holding company is the U.S. dollar. In the PRC, the Company conducts its businesses in the local\ncurrency, Renminbi (RMB), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by\nthe People’s Bank of China at the end of the period. In Hong Kong, the Company conducts its business in the local currency, Hong\nKong dollar (HKD), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the Federal\nReserve at the end of the period. The statements of income and cash flows are translated at the average translation rates during the reporting\nperiods and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in\naccumulated other comprehensive income (loss). Transaction gains and losses that arise from exchange rate fluctuations on transactions\ndenominated in a currency other than the functional currency are included in the results of operations as incurred.\n\n \n\nTranslation adjustments are included in accumulated\nother comprehensive income. The balance sheet amounts, with the exception of shareholder’s equity at December 31, 2025 and December\n31, 2024 were translated at RMB 7.03 and RMB 7.19 to one U.S. dollar (USD), respectively. The average translation rates applied to the\nconsolidated statements of income and cash flows for years ended December 31, 2025, 2024 and 2023 were RMB 7.14, RMB 7.12 and RMB 7.05\nto one USD. The balance sheet amounts, with the exception of shareholder’s equity at December 31, 2025 and 2024 were translated\nat HKD 7.78 and HKD 7.77 to one USD, respectively. The average translation rates applied to the consolidated statements of income and\ncash flows for years ended December 31, 2025, 2024 and 2023 were HKD 7.80, HKD 7.80 and HKD 7.83 to one USD, respectively. The shareholder’s\nequity accounts were translated at their historical rates. Amounts reported on the statement of cash flows will not necessarily agree\nwith changes in the corresponding balances on the consolidated balance sheets. \n\n \n\nF-14\n\n \n\n \n\nFair value measurement\n\n \n\nFASB ASC 820, “Fair Value Measurement,”\nrequires certain disclosures regarding the fair value of financial instruments. fair value is defined as the price that would be received\nto sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level\nfair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable\ninputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:\n\n \n\n \n●\nLevel 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.\n\n \n \n \n\n \n●\nLevel 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data.\n\n \n \n \n\n \n●\nLevel 3 - inputs to the valuation methodology that are unobservable.\n\n \n\nUnless otherwise disclosed, the fair value of\nthe Company’s financial instruments including cash, short-term investments, accounts receivable, inventories, due from related parties,\nprepaid expenses and other current assets, accounts payable, deferred revenue, taxes payable, due to related parties, and other payables\nand other current liabilities approximate their recorded values due to their short-term maturities.\n\n \n\nThe Company’s non-financial assets, such\nas property and equipment would be measured at fair value only if they were determined to be impaired.\n\n \n\nThe Company measured its short-term investments\nat fair value. As of December 31, 2025, the Company held investments in one private securities fund that primarily invests in fixed-income\nassets such as bonds and deposits. The private securities fund was redeemable as of December 31, 2025 and measured using Level 2 inputs.\n\n \n\nAs of December 31, 2024, the Company held one\nstructured deposit and two bank wealth management products. The Company also invested in three wealth management products, which are entrusted\nto a third-party investment advisor for management. The Company terminated the investment agreements and withdrew the invested funds in\n2025. All investments motioned above were measured using Level 2 inputs.\n\n \n\nFair value disclosure:\n\n \n\n  \n   \nDecember 31, 2025\nFair Value \n\n  \nCost  \nLevel 1  \nLevel 2  \nLevel 3 \n\nPrivate securities fund \n$3,015,800  \n$\n-\n  \n$3,015,800  \n$\n-\n \n\nTotal \n$3,015,800  \n$\n-\n  \n$3,015,800  \n$\n-\n \n\n \n\n  \n   \nDecember 31, 2024\nFair Value \n\n  \nCost  \nLevel 1  \nLevel 2  \nLevel 3 \n\nStructured deposit (restricted) \n$9,042,346  \n$\n-\n  \n$9,042,346  \n$\n-\n \n\nWealth management products \n 7,046,902  \n \n-\n  \n 7,046,902  \n \n-\n \n\nTotal \n$16,089,248  \n$\n-\n  \n$16,089,248  \n$\n-\n \n\n \n\nF-15\n\n \n\n \n\nCash and cash equivalents\n\n \n\nThe Company’s cash and cash equivalents includes\ncash on hand. demand deposits in accounts maintained with commercial banks and time deposit. Time deposit, as a component of cash equivalents,\nhas an original maturity of within 3 months, with high liquidity and minimal value fluctuation risk, and can be withdrawn at any time\nwithout additional costs. The Company maintains its bank accounts in mainland China, Hong Kong and the United States. In accordance with\nChina’s Deposit Insurance Regulation that became effective in May 2015, pursuant to which banking financial institutions, such as\ncommercial banks, established in the PRC are required to purchase deposit insurance for deposits in RMB and in foreign currency placed\nwith them. The insurance limit is RMB 500,000 (approximately $70,000) for each bank in China.\n\n \n\nRestricted cash\n\n \n\nCash that is legally restricted as to withdrawal\nor for use or pledged as security is reported separately on the face of the Company’s consolidated balance sheets. The Company’s\nrestricted cash consisted of cash pledged as security for banker’s letter of guarantee. The Company follows Financial Accounting\nStandards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2016-18, Statement of Cash Flows (Topic 230):\nRestricted Cash and presented restricted cash within the ending cash and restricted cash balances on the Company’s consolidated\nstatements of cash flows for the periods presented.\n\n \n\nOn July 1, 2022, Mr. Huajun Gao and Mr. Aiming\nKong, each a shareholder of Oriental Culture Holding LTD (the “Company”), were detained by Nan County Public Safety Bureau\nof Yiyang City, Hunan Province, China. On July 26, 2022, Nan County People’s Procuratorate approved the arrest of Mr. Gao and Mr.\nKong with a charge of illegal business operation of Nanjing Jinwang, a company controlled by Mr. Gao and Mr. Kong. On July 1, 2022, Nan\nCounty Public Safety Bureau froze certain bank accounts of Kashi Longrui, Kashi Dongfang, and Nanjing Yanyu, all subsidiaries of Jiangsu\nYanggu Culture Development Co., Ltd., the VIE of the Company in China because they, each had business relationship with Nanjing Jinwang.\nOn May 5, 2025, Nan County People’s Procuratorate (“NCPP”) filed with the Court to withdraw the charges against Nanjing\nJinwang, Mr. Aimin Kong and Mr. Huajun Gao due to lack of evidence to press the charges. On May 8, 2025, the Court ordered to grant the\nwithdrawal of charges against Nanjing Jinwang, Mr. Kong and Mr. Gao by NCCP. On May 15, 2025, Nan County Public Safety Bureau unfroze\nthe bank accounts of Nanjing Jinwang, a related party of the Company. On May 15, 2025, Nan County Public Safety Bureau unfroze the bank\naccounts of Kashi Longrui, Kashi Dongfang and Nanjing Yanyu. On May 28, 2025, NCCP determined it would not seek to file any charges against\nNanjing Jinwang, Mr. Aimin Kong and Mr. Huajun Gao. The investigation and case have been officially closed according to the PRC counsel\nof the Company, Tahota (Nanjing) Law Firm. All customers can freely transfer their deposits and make their withdrawals based on their\nactual needs.\n\n \n\nThe total restricted cash was nil and $6,475,274 as of December 31,\n2025 and 2024, respectively.\n\n \n\nRestricted investment\n\n \n\nRestricted\ninvestments refer to investments held by the Company whose use or disposal is subject to external constraints (such as requirements from\ncreditors, grantors, laws and regulations) or internal agreements. Such restrictions change the availability of assets, which cannot be\nfreely used for the Company’s daily business activities. The Company accounts for restricted investments in accordance with the relevant\nprovisions of US GAAP, mainly following the requirements of Accounting Standards Codification(“ASC”)\n320 “Investments in Debt Securities”, ASC 321 “Investments in Equity Securities” and ASC 820 “Fair Value Measurement”.\n\n \n\nIn connection with the legal matter as discussed\nin Restricted cash, all short-term investments issued by Ping An Bank, which amounted to $10,794,296 as of December 31, 2024 were reported\nas restricted investment.\n\n  \n\nShort-term investments\n\n \n\nThe Company’s short-term investments mainly\nconsist of investment in private securities funds, structured deposits and wealth management products. Private securities investment funds\nis a pooled investment vehicle that collects capital from a limited number of accredited investors or qualified institutional buyers and\ninvests primarily in securities such as stocks, bonds, derivatives, and other financial instruments. These funds are often structured\nas limited partnerships, limited liability companies, or offshore entities, and are managed by professional investment advisors. Structured\ndeposits include deposits raised by commercial banks embedded in financial derivatives with maturities of less than one year. The product\nis linked to financial assets such as interest rates, foreign exchange rates, indices or credit rating of an entity. Wealth management\nproducts issued by commercial banks include wealth management products that can be redeemed at any time and wealth management products with\nmaturities of less than one year.\n\n \n\nF-16\n\n \n\n \n\nThe Company accounts for its short-term investments\nin accordance with FASB ASC Topic 320 “Investments — Debt and Equity Securities.” Dividend and interest income, including\namortization of the premium and discount arising at acquisition, for all categories of investments in securities is included in consolidated\nstatements of operations. Net realized and unrealized holding gains and losses for short-term investments are included in net investment\nincome in the consolidated statements of operations. The Company elected the fair value method to measure its short-term investments.\n\n \n\nExpected credit losses \n\n \n\nOn January 1, 2023, the Company adopted ASC 326,\nCredit Losses (“ASC 326”), which replaced previously issued guidance regarding the impairment of financial instruments with\nan expected loss methodology that will result in more timely recognition of credit losses. The Company used a modified retrospective approach\nand did not restate the comparable prior periods. The adoption did not have a material impact on the Company’s CFS.\n\n \n\nThe Company maintains an allowance for expected\ncredit losses in accordance with ASC 326 and records the allowance for credit losses, if warranted, as an offset to assets such as accounts\nreceivable, and the estimated credit losses charged to the allowance are classified as general and administrative expenses in the consolidated\nstatements of operations and comprehensive loss. The Company assesses collectability by reviewing receivables on a collective basis where\nsimilar characteristics exist, primarily based on the size and nature of specific customers’ receivables. In determining the amount\nof the allowance for credit losses, the Company considers historical collectability based on past due status, the age of the receivable\nbalances, credit quality of the Company’s customers based on ongoing credit evaluations, current economic conditions, reasonable\nand supportable forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from\ncustomers. Bad debts are written off as incurred.\n\n \n\nPrepaid expenses\n\n \n\nPrepaid expenses mainly include employee advances,\nsuch as travel advance, advance to purchase office supplies in the normal course of business and certain short-term deposits.\n\n \n\nInventory\n\n \n\nInventory is stated at the lower of cost or net\nrealizable value. The Company’s inventory includes liquor for future sales. On an annual basis, inventory is reviewed for potential\nwrite-downs for estimated obsolescence or unmarketable inventory which equals the difference between the costs of inventory and the estimated\nnet realizable value, the estimated selling prices in the ordinary course of business. As of December 31, 2025 and 2024, the Company had\ninventory of $567,513 and $1,231,335, respectively. There was no allowance for inventory as of December 31, 2025 and 2024.\n\n \n\nOther receivable - related party\n\n \n\nOther receivables- related parties refer to the\namounts owed to the Company by related parties, excluding trade receivables. The Company accounts for such receivables in accordance with\nthe relevant provisions of ASC 310 “Receivables” and ASC 850 “Related Parties”. The Company regularly assesses\nthe recoverability of other receivables from related parties and accrues credit impairment provisions in accordance with the expected\ncredit loss model. Impairment losses arising from uncollectible amounts are recognized in the consolidated income statement.\n\n \n\nThe Company’s related party balances primarily consist of receivables\ndue from Yanggu. Yanggu was formerly the Company’s VIE. Following the dismantling of the VIE structure in November 2025, Yanggu\nceased to be consolidated into the listed group and became a related party outside the scope of the Company’s consolidation. During\nthe existence of the VIE structure, the Company maintained centralized fund management. The significant balances arising from advances\nfor daily operations and working capital allocations between Yanggu and various subsidiaries within the Company were all normal internal\nfund flows. As of December 31, 2025, the balance of other receivables- related party due from Yanggu was $20,360,293. As of the date of\nthis report, $17,909,805 of this balance has been recovered.\n\n \n\nF-17\n\n \n\n \n\nProperty and equipment\n\n \n\nProperty and equipment are stated at cost less\naccumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated\nuseful lives of the assets with no residual value. The estimated useful lives are as follows:\n\n \n\n    **Useful Life**\n\nOffice equipment and furnishings   1 - 5 years\n\nElectronic equipment   2 - 5 years\n\nServer room equipment   5 years\n\nVehicles   5 years\n\nOffice building   35 years\n\nOffice building improvement   15 years\n\nLeasehold improvements   lesser of lease term or expected useful life\n\n \n\nThe cost and related accumulated depreciation\nand amortization of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated\nstatements of income and other comprehensive income. Expenditures for maintenance and repairs are expensed as incurred, while additions,\nrenewals and betterments, which are expected to extend the useful life of an asset, are capitalized. The Company also re-evaluates the\nperiods of depreciation and amortization to determine whether subsequent events and circumstances warrant revised estimates of useful\nlives.\n\n \n\nConstruction-in-progress represents material,\ncontractor and labor costs, design fees and inspection fees in connection with the construction of the Company’s office building\nin Jiangsu, China. See Note 7 for details.\n\n \n\nIntangible assets, net\n\n \n\nIntangible assets, net, are stated at cost, less\naccumulated amortization. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets\nas follows:\n\n \n\n**Classification**   **Estimated\nUseful Life**\n\nArtwork and collectible trading platform   5 years\n\nSoftware   5 years\n\n \n\nImpairment of long-lived assets\n\n \n\nLong-lived assets, including property and equipment\nwith finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market\nconditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company\nassesses the recoverability of the asset based on the undiscounted future cash flows the asset is expected to generate and recognize an\nimpairment loss when estimated discounted future cash flows expected to result from the use of the asset plus net proceeds expected from\ndisposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company reduces the\ncarrying amount of the asset to its estimated fair value based on a discounted cash flow approach or, when available and appropriate,\nto comparable market values. For the years ended December 31, 2025, 2024 and 2023, the Company recorded $1,350,000, $356,676, and nil\nof impairment loss on intangible assets, respectively.\n\n \n\nF-18\n\n \n\n \n\nCost method investments\n\n \n\nEntities in which the Company has the ability\nto exercise significant influence, but does not have a controlling interest, are accounted for using the equity method. Significant influence\nis generally considered to exist when the Company has voting shares of 20% to 50%, and other factors, such as representation on the board\nof directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting\nis appropriate. Under this method of accounting, the Company records its proportionate share of the net earnings or losses of equity method\ninvestees and a corresponding increase or decrease to the investment balances. Dividends received from the equity method investments are\nrecorded as reductions in the cost of such investments. The Company generally considers an ownership interest of 20% or higher to represent\nsignificant influence. The Company accounts for the investments in entities over which it has neither control nor significant influence,\nand no readily determinable fair value is available, using the investment cost minus any impairment, if necessary. The Company’s\ninvestment of 18% ownership of Zhongcang Warehouse Co., Ltd. was $497,218 and $486,179 as of December 31, 2025 and 2024, respectively,\nand is accounted for using the cost method.\n\n \n\nIn March 2022, the Company’s VIE\nJiangsu Yanggu entered into an equity subscription agreement to purchase  11.875% equity interest of Beijing Jiu Yu Ling Jing\nTechnology Co., Ltd. (“JYLJ”), a company incorporated in the PRC, which primarily engages in wine and alcohol product\nmerchants and customers, as well as product launch, brand showcase, marketing and promotion and it is currently in the process of\ndeveloping a “Wine and Spirits” metaverse, and the amount raised through increase of share capital are mainly used for\nthis development. JYLJ’s total registered capital is RMB 60 million (approximately USD 9.2 million).\nJiangsu Yanggu’s subscription amount is RMB 6 million and RMB 3 million was paid in March 2022. The\nremaining RMB 3 million is to be paid upon further resolution from the board of JYLJ. As of February 25, 2025, Jiangsu\nYanggu owned approximately 10.15% equity interest of JYLJ due to certain dilution by new investment in JYLJ since its subscription\nand transferred its entire equity interest in JYLJ to Nanjing Yanqing and no longer holds any shares in JYLJ since February 25, 2025. As of December 31, 2025 and 2024, the Company’s investment in JYLJ was $426,816 and\n$417,339, respectively, and is accounted for using the cost method.\n\n \n\nThe Company’s cost method investments are\nas follows:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nZhongcang Warehouse Co., Ltd. \n$497,218  \n$486,179 \n\nBeijing Jiu Yu Ling Jing Technology Co., Ltd. \n 426,816  \n 417,339 \n\nTotal cost method investments \n$924,034  \n$903,518 \n\n \n\nInvestments are evaluated for impairment when\nfacts or circumstances indicate that the fair value of the long-term investment is less than its carrying value. An impairment loss is\nrecognized when a decline in fair value is determined to be other-than-temporary. The Company reviews several factors to determine whether\na loss is other-than-temporary. These factors include, but are not limited to, the: (i) nature of the investment; (ii) cause and duration\nof the impairment; (iii) extent to which fair value is less than cost; (iv) financial condition and near term prospects of the investment;\nand (v) ability to hold the security for a period of time sufficient to allow for any anticipated in fair value. No events have occurred\nthat indicated a decline in fair value that is other-than-temporary for the years ended December 31, 2025 and 2024.\n\n \n\nRevenue recognition\n\n \n\nThe Company follows FASB ASC 606, *Revenue\nfrom Contracts with Customers,* for recognizing its revenue. The core principle underlying the revenue recognition standard is that\nthe Company will recognize revenue to represent the transfer of services to customers in an amount that reflects the consideration to\nwhich the Company expects to be entitled in such exchange. This requires the Company to identify contractual performance obligations\nand determine whether revenue should be recognized when control of services transfers to a customer. Under the guidance of ASC 606, the\nCompany is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract,\n(c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract and\n(e) recognize revenue when (or as) the Company satisfies its performance obligation. Revenues are recorded, net of sales related\ntaxes and surcharges.\n\n \n\nF-19\n\n \n\n \n\nThe Company derives its revenues from service contracts with its customers\nwith revenues being recognized upon performance of services. Persuasive evidence of an arrangement is demonstrated via service contracts\nand invoices; and the consideration to the customer is fixed upon acceptance of the sales contract. At times, the Company offers\nincentives and rebates to its customers directly and the Company accounts for these incentives payable to customers as a reduction of\nthe contract price.\n\n  \n\nThe Company’s revenues are recognized when\nall performance obligations are satisfied. The Company’s commission expenses to its sales agents are expensed when incurred.\n\n \n\nThe Company is an online provider of collectibles and artwork e-commerce\nservices, which allows artists and art dealers and owners to access the art trading market with a wider range of artwork investors through\nthe Company’s platforms. The Company facilitates trading by individual and institutional customers of artwork, collectibles and\ncommodities on its online platforms. In addition to collectibles and artwork, the Company has expanded its platform to trade commodities,\nprincipally teas.\n\n \n\nThe Company generates revenue from its services\nin connection with the trading of artwork and commodities on its platforms, primarily consisting of listing service fees, transaction\nfees, marketing services fees and other revenues collected from traders (the Company’s customers). \n\n \n\nThe Company has cooperative agreements with third\nparties who are experts and possess new ideas and resources for collectibles/commodities business to co-develop certain niche markets\n(such as vintage coins and teas) to be traded on the Company’s online platforms. These parties are required to place a security\ndeposit with the Company until termination of the cooperative agreements and deposit amounts will need to increase as the trading volume\nincreases. Revenue generated from these niche markets will be shared between the Company and these parties based on pre-agreed rates and\ntrading volume. The Company accounts for the portion of revenue that needs to be reimbursed to the third parties as a reduction of total\ncontract revenue to be received from customers. There were no reduction of revenue and payables to these parties for the years ended December\n31, 2025, 2024 and 2023, respectively.\n\n \n\n*Listing service fees*\n\n \n\nOne-time nonrefundable listing service fees are\ncollected from owners and traders for listing their products on the platform. The Company’s only performance obligation is to provide\nthe listing on the Company’s platform over the period requested. The Company recognizes the related revenue upon the completion\nof its performance obligations. The fees are determined by contracts with the customers as a fixed percentage of the listing price.\n\n \n\n*Transaction fees*\n\n \n\nTransaction fee revenue is generally calculated\nbased on the transaction value of collectibles, artwork and commodities per transaction. Transaction value is the dollar amount of the\npurchase or sale of the collectibles, artwork and commodities after they are listed on the Company’s platforms. The Company’s\nperformance obligation is to facilitate the trading transactions. Transaction fee revenue is recognized and collected at the point-in-time\nwhen the transaction is completed. Transaction fee revenue also includes predetermined monthly transaction fees for select traders with\nlarge transactions and are negotiated on a case-by-case basis. Predetermined transaction fees are recognized and earned over the specified\nservice period.\n\n \n\nIn 2018, the Company started a customer reward\npoints program, pursuant to which reward points were issued for opening a new account or referring customers to open accounts with us\nduring our promotion period. In that regard, customers are required to redeem certain reward points for new listings along with the regular\nlisting services fees. If a customer does not have any reward points, he/she can purchase them from other customers on our platform. The\nCompany does not record revenue when customers redeem any points as it is considered as a prerequisite for a new listing in addition to\nthe regular services fees. The points are traded by and among our customers on the platform and the Company charges a transaction fee\nfrom such points trading. The Company assessed if a material right existed when the Company initially issued the reward points and if\nthe points represent a separate performance obligation. In general, the points were given to customers based on existing accounts or promotions\nwithout the customers having to acquire services from the Company, therefore there was no material right and no separate performance obligation\nexists. There is no liability for unredeemed awards. Transaction fee revenue from the trading of reward points amounted to approximately\nnil, $61 and $1,800 for the years ended December 31, 2025, 2024 and 2023, respectively.\n\n \n\nF-20\n\n \n\n \n\nThe Company considers itself as provider of the\nservices as it has control of the specified services at any time before it is transferred to the customers which is evidenced by (1) the\nCompany is primarily responsible to its customers for services offered where the Company owns the trading platform and the Company has\ncustomer services team to directly service the customers; and (2) having latitude in establish pricing. Therefore, the Company acts\nas the principal of these arrangements and reports revenue earned and costs incurred related to transaction fees on a gross basis.\n\n \n\nPredetermined transaction fees received in advance\nof the specified service period are recorded as deferred revenue.\n\n \n\n*Marketing service fees*\n\n \n\nMarketing service fees are usually collected after\nthe Company completes its services and includes the following type of services:\n\n \n\n \n(1)\nFor certain marketing service agreements, the Company promises to assist its customer in connection with his/her listing and trading of his/her collectible/artwork or commodities on the Company’s platforms, which mainly includes consultation and supporting services of the marketability for the collectible/artwork; assessing its market value and market acceptance for the collectible/artwork or commodities; and assisting in the application and legal protection required for the customer’s collectible/artwork or commodities to be approved for listing on the Company’s platforms. For marketing service contracts in which the related performance obligations can be completed within a short period of time, the Company recognizes the related revenue upon the completion of its performance obligations.\n\n \n\n \n(2)\nMarketing service agreements also includes providing promotional services for customers’ items as where to place ads on well-known cultural and art exchange websites in China to provide online and offline marketing services including cooperation with auction houses and participate in industry-related exhibitions and fairs.\n\n \n\nThe marketing service fees are charged based on\nthe type of listing session that the customer applies for and whether the customer has listed and sold collectibles on other platforms\nbefore, and they are not tied to the type or value of the underlying collectible/artwork. Marketing service contracts and fees are recognized\nupon the completion of the performance obligation.\n\n \n\n*Account management fees*\n\n* *\n\nAccount\nmanagement fees are charged as a fixed monthly fee per customer account for providing continuous account maintenance and management services.\nThe transaction price is a fixed monthly amount per account as stipulated in the customer agreement, with no variable consideration. The\nCompany’s performance obligation is to provide ongoing account management\nservices over the monthly service period. Customers explicitly agree to the fee policies and related performance obligations upon account\nopening and registration on the platform. Account management fees are recognized over time on a straight-line monthly basis as the performance\nobligation is satisfied.\n\n* *\n\n*Warehousing service fees*\n\n* *\n\nWarehousing\nservice fees are charged for providing professional storage and preservation services for customer’s\ncollectibles held on the platform. The transaction price is calculated daily based on the listed reference price of the collectible, a\nfixed daily rate, and the quantity of collectibles held by the customer. The Company’s\nsole performance obligation is to provide continuous warehousing and preservation services over the agreed service period. Customers explicitly\nagree to the fee policies and related performance obligations upon account opening and registration on the platform. Warehousing service\nfee revenue is recognized over time on a daily basis as the performance obligation is satisfied, as the customer receives and consumes\nthe benefits of the warehousing services simultaneously as the Company performs them.\n\n \n\nF-21\n\n \n\n \n\nThe Company acts as the principal for both account\nmanagement services and warehousing services and recognizes related revenue on a gross basis. Any fees received in advance of the service\nperiod are recorded as deferred revenue and recognized over the corresponding service period.\n\n* *\n\n*System maintenance and technical support service fees* \n\n \n\nSystem maintenance and technical support services\nprimarily consist of system development and maintenance, platform operation technical support, IT infrastructure support and data processing\nand data services. Such fees are mainly fixed monthly charges. Revenue is recognized evenly over the related service period on a straight-line\nbasis as the services are provided.\n\n \n\nThe Company disaggregated its revenue into the following categories:\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nListing service fees \n$17,204  \n$103,807  \n$457,176 \n\nTransaction fees \n 184,701  \n 296,379  \n 806,794 \n\nMarketing service fees \n 87,331  \n 156,995  \n 166,444 \n\nAccount management fees \n 861,347  \n \n-\n  \n \n-\n \n\nWarehousing service fees \n 209,966  \n \n-\n  \n \n-\n \n\nSystem maintenance and technical support service fees* \n 528,299  \n 65,509  \n 149,644 \n\nTotal \n$1,888,848  \n$622,690  \n$1,580,058 \n\n \n\n* Of the totals, $528,299, $54,633 and $144,609 for the years ended December 31, 2025, 2024 and 2023, respectively, were from related parties.\n\n  \n\n*Deferred revenue*\n\n \n\nPayments received from customers before all the\nrelevant criteria for revenue recognition are recorded as deferred revenue.\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nBeginning balance \n$78,427  \n$181,930 \n\nCustomer advances \n 111,542  \n 558,603 \n\nRecognized as revenues \n (111,030) \n (650,332)\n\nReclassified to other payables \n (76,879) \n   \n\nEffect of exchange rates \n 1,781  \n (11,774)\n\nEnding balance \n$3,841  \n$78,427 \n\n \n\nCost of revenues\n\n \n\nCost of revenues consist of compensation including\nsocial welfare and benefits for the Company’s IT, risk management and customer services team, appraisal fees, online cloud service\nfees, storage fees paid to related party, and depreciation and amortization of hardware and software for the Company’s trading platforms.\n\n \n\nSelling and marketing expenses:\n\n \n\nSelling and marketing expenses includes salary\nand benefits for our employees in the sales and marketing department and marketing and advertising expenses. Selling expenses also include\nincentive payments to third parties that refer new traders to utilize the Company’s e-commerce trading platforms.\n\n \n\nWebsite advertising expenses which are included\nin selling and marketing expenses to related party were nil and nil for the years ended December 31, 2025 and December 31, 2024, respectively.\n\n \n\nF-22\n\n \n\n \n\nStock compensation\n\n \n\nThe measurement and recognition of compensation\nexpense for all stock-based payment awards made to officers and employees of the Company and subsidiaries of its operating variable interest\nentity, is based on the market value of the Company’s common stock on the date of grant.\n\n \n\nWarrants\n\n \n\nThe Company accounts for warrants as either equity-classified\nor liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance\nin FASB ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”).\nThe assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability\npursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether\nthe warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net\ncash settlement” in circumstances outside of the Company’s control, among other conditions for equity classification. This\nassessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly\nperiod end date while the warrants are outstanding.\n\n \n\nFor issued or modified warrants that meet all\nof the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the\ntime of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required\nto be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair\nvalue of the warrants are recognized as a non-cash gain or loss on the statements of operations.\n\n \n\nValue added taxes (“VAT”)\n\n \n\nRevenue is the invoiced value of services, net\nof VAT. The VAT is based on the gross sales price and VAT rates range up to 6%, depending on the type of services provided. Entities that\nare VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. The net VAT\nbalance between input VAT and output VAT is recorded in taxes payable or other receivables and prepaid expenses. All VAT returns filed\nby the Company’s subsidy, VIE and its subsidiaries in China, have been and remain subject to examination by the tax authorities\nfor five years from the date of filing.\n\n \n\nIncome taxes\n\n \n\nThe Company accounts for income taxes in accordance\nwith FASB ASC Topic 740, “Income Taxes.” Under the asset and liability method as required by this accounting standard, deferred\nincome tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the income\ntax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred\ntaxes.\n\n \n\nThe charge for taxation is based on the results\nfor the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted\nor substantively enacted by the balance sheet date.\n\n \n\nDeferred taxes are accounted for using the asset\nand liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities\nin the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax. Deferred tax liabilities\nare recognized for all future taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that\ntaxable income will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax\nrates that are expected to apply to the period when the asset is realized or the liability is settled.\n\n   \n\nF-23\n\n \n\n \n\nDeferred taxes are charged or credited in the\nincome statement, except when it is related to items credited or charged directly to equity. Net deferred tax assets are reduced by a\nvaluation allowance when, in the opinion of management, it is more likely than not that some portion or all of the net deferred tax\nassets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.\n\n \n\nAn uncertain tax position is recognized as a benefit\nonly if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination\nbeing presumed to occur. The amount recognized is the largest amount of tax benefit that has a greater than 50% likelihood of being realized\non examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest\nincurred related to underpayment of income taxes are classified as income tax expense in the period incurred. PRC tax returns filed in\n2023 are subject to examination by the applicable tax authorities. Tax returns filed in Hong Kong from 2020 to 2023 are subject to examination.\n\n \n\nLeases\n\n \n\nThe Company adopted FASB ASU 2016-02, “Leases”\n(Topic 842) for the year ended December 31, 2021, and elected the practical expedients that does not require us to reassess: (1)\nwhether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3)\ninitial direct costs for any expired or existing leases. For lease terms of twelve months or less, a lessee is permitted to make an accounting\npolicy election not to recognize lease assets and liabilities. The Company also adopted the practical expedient that allows lessees to\ntreat the lease and non-lease components of a lease as a single lease component. Upon adoption, the Company recognized $34,608 of\na right of use (“ROU”) assets and same amount of lease liabilities based on the present value of the future minimum rental\npayments of leases, using an incremental borrowing rate of 4.75% based on the duration of lease terms.\n\n \n\nOperating lease ROU assets and lease liabilities\nare recognized at the adoption date or the commencement date, whichever is earlier, based on the present value of lease payments over\nthe lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company used its incremental borrowing\nrate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing\nrate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments,\nin a similar economic environment and over a similar term.\n\n \n\nLease terms used to calculate the present value\nof lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable\ncertainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating\nlease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception,\ntherefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally\ndo not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis\nover the lease term.\n\n \n\nThe Company reviews for impairment of its ROU\nassets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets\nwhen events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment\nof possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash\nflows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset\ngroup and include the associated operating lease payments in the undiscounted future pre-tax cash flows. As of December 31,\n2025, there was no ROU and lease liabilities as the Company did not have any outstanding operating leases.\n\n \n\nCommitments and Contingencies\n\n \n\nIn the normal course of business, the Company\nis subject to contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters,\nsuch as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable\nthat a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments\nincluding historical factors and the specific facts and circumstances of each matter.\n\n \n\nF-24\n\n \n\n \n\nPreferred shares\n\n \n\nPreferred share is classified as permanent equity\nwithin stockholders’ equity. Preferred stock issued for services is measured at fair value on the grant date. The related share-based\ncompensation cost is recognized over the requisite service or vesting period when performance or market conditions are met. Dividends\non preferred stock are recorded as a reduction of retained earnings upon declaration. On January 23, 2025, the Company granted 12 million\npreferred shares to its Chief Operating Officer, all such shares were issued and registered on June 27, 2025.\n\n \n\nCashless warrants\n\n \n\nThe\nCompany classifies cashless warrants as equity instruments in accordance with ASC 815-40. Cashless warrants are considered indexed to\nthe Company’s own stock as they contain no exercise contingencies\nbeyond fixed-for-fixed variables. The fair value of cashless warrants issued in private placements is estimated using the Black-Scholes\nmodel on the grant date and recorded in additional paid-in capital. No subsequent fair value adjustments are recognized for equity-classified\ncashless warrants.\n\n \n\nEarnings (loss) per share (“EPS”)\n\n \n\nBasic EPS are computed by dividing net income/loss\navailable to shareholders of the Company by the weighted average ordinary shares outstanding during the period. Diluted EPS takes into\naccount the potential dilution that could occur if securities or other contracts to issue ordinary shares (outstanding warrants) were\nexercised and converted into ordinary shares. For the years ended December 31, 2025, 2024 and 2023, there were 1,343,182, 14,000,000,\nand 0 outstanding exercisable warrants, which were excluded from diluted net loss per share calculation, as the effect of their inclusion\nwould be anti-dilutive. \n\n  \n\nStatutory Reserves\n\n \n\nPursuant to the laws applicable to the PRC, PRC\nentities must make appropriations from after-tax profits to the non-distributable statutory surplus reserve fund. Subject to certain cumulative\nlimits, the statutory surplus reserve fund requires annual appropriations of 10% of after-tax profit until the aggregated appropriations\nreach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”)\nat each year-end. If the Company has accumulated losses from prior periods, the Company is able to use the current period net income after\ntax to offset against the accumulated loss.\n\n \n\nFor the years ended December 31, 2025, 2024 and\n2023, the Company appropriated $22,990, $1,269, and $28,280, respectively to the statutory reserve fund. The Company has met the required\nmaximum contributions to the statutory reserves for both of its operating entities in China, Kashi Dongfang and Kashi Longrui.\n\n \n\nEmployee benefits\n\n \n\nFull-time employees of the Company are entitled\nto staff welfare benefits including medical care, housing funds, pension benefits, unemployment insurance and other welfare benefits,\nwhich are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages\nof the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash\ncontributions to the state-sponsored plans. The expenses for the plans were $10,599, $82,063, and $125,077 for the years ended December\n31, 2025, 2024 and 2023, respectively. \n\n \n\nSegments\n\n \n\nFASB ASC 280, Segment Reporting, establishes standards\nfor reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as\nwell as information about geographical areas, business segments and major customers in financial statements for details on the Company’s\nbusiness segments.\n\n \n\nF-25\n\n \n\n \n\nThe Company uses the management approach to determine\nreportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief\noperating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The key measure of\nsegment profitability that the CODM uses to allocate resources and assess performance is consolidated net (loss) income, as reported on\nthe consolidated statements of operations. The Company’s CODM has been identified as the Chief Executive Officer of the Company,\nwho reviews consolidated results when making decisions about allocating resources and assessing performance of the Company.\n\n \n\nBased on management’s assessment, the Company\ndetermined that it has only one operating segment and therefore one reportable segment as defined by ASC 280, which is facilitating e-commerce\nof artwork/collectables trading. All of the Company’s net revenues were generated in the PRC and Hong Kong. \n\n \n\nThe following table presents the significant revenue\nand expense categories of the Company’s single operating segment:\n\n \n\n  \nFor the year ended \n\n  \nDecember 31,  \nDecember 31,  \nDecember 31, \n\n  \n2025  \n2024  \n2023 \n\nTotal revenues \n$1,888,848  \n$622,690  \n$1,580,058 \n\nLess cost of revenues \n 270,828  \n 182,181  \n 405,628 \n\nLess significant segment expenses: \n    \n    \n   \n\nSelling and marketing: \n    \n    \n   \n\nEmployee expenses \n 326,575  \n 146,601  \n 185,483 \n\nCommission expenses \n \n-\n  \n 30,328  \n 225,846 \n\nOther selling and marketing expenses \n \n-\n  \n 30,913  \n 206,782 \n\nGeneral and administrative: \n    \n    \n   \n\nEmployee expenses \n 262,121  \n 560,611  \n 707,216 \n\nStock compensation expense \n 3,259,600  \n 573,000  \n 92,963 \n\nDepreciation and amortization expense \n 200,232  \n 488,130  \n 610,369 \n\nProfessional expenses \n 594,614  \n 1,090,632  \n 2,725,164 \n\nResearch and development expenses \n \n-\n  \n 107,727  \n \n-\n \n\nOther general and administrative \n 274,329  \n 505,374  \n 521,726 \n\nGeneral and administrative - related parties \n \n-\n  \n 104,391  \n 234,289 \n\nProvision for expected credit losses \n 543,912  \n \n-\n  \n \n-\n \n\nOther segment items: \n    \n    \n   \n\nGain from short-term investments \n (164,784) \n (109,964) \n (89,474)\n\nInterest income \n (672,697) \n (763,190) \n (372,199)\n\nImpairment loss on intangible assets \n 1,350,000  \n 356,676  \n \n-\n \n\nGain on deconsolidation of VIE\n \n 63,056  \n \n-\n  \n \n-\n \n\nOther income, net \n (324,825) \n (247,277) \n (290,088)\n\nIncome tax (benefit) expense \n (110,031) \n 93  \n 14,833 \n\nSegment net loss \n$(3,857,970) \n$(2,433,536) \n$(3,598,480)\n\n  \n\nRecent accounting pronouncements\n\n \n\nIn December 2023, the FASB issued Accounting Standards\nUpdate No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which\nmodifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the\nincome or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income\ntax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose\ntheir income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for\nannual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued\nor made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The\nCompany adopted this ASU for its consolidated financial statements for its fiscal year of December 31, 2025.\n\n \n\nF-26\n\n \n\n \n\nExcept as mentioned above, the Company does not\nbelieve other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s\nconsolidated balance sheets, statements of income and comprehensive income and statements of cash flows.\n\n \n\nReclassification\n\n \n\nCertain prior year amounts have been reclassified\nfor consistency with the current year presentation. The reclassification had no effect on the reported results of operations.\n\n \n\n**Note 4 – Variable interest entity**\n\n** **\n\nOn May 8, 2019, WFOE entered into Contractual\nArrangements with Jiangsu Yanggu and its shareholders. The significant terms of these Contractual Arrangements are summarized in “Note\n1 - Nature of business and organization” above. As a result, the Company classifies Jiangsu Yanggu and its subsidiaries as VIEs.\n\n \n\nA VIE is an entity that has either a total equity\ninvestment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose\nequity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected\nresidual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has\na controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. WFOE is deemed to have\na controlling financial interest and is the primary beneficiary of Jiangsu Yanggu and its subsidiaries because it has both of the following\ncharacteristics:\n\n** ** \n\n \n(1)\nThe power to direct activities at Jiangsu Yanggu that most significantly impact such entity’s economic performance; and\n\n \n \n \n\n \n(2)\nThe obligation to absorb losses of, and the right to receive benefits from Jiangsu Yanggu that could potentially be significant to such entity.\n\n \n\nAccordingly, the accounts of Jiangsu Yanggu and\nits subsidiaries are consolidated in the accompanying financial statements pursuant to ASC 810-10, Consolidation.\n\n \n\nOn January 28, 2021, WFOE entered into an Amended\nand Restated Equity Pledge Agreement, an Amended and Restated Equity Option Agreement, and an Amended and Restated Voting Rights Proxy\nand Financial Supporting Agreement (“Amended and Restated VIE Agreements”) with Jiangsu Yanggu and all shareholders of Jiangsu\nYanggu in order to amend and restate the Equity Pledge Agreement, Equity Option Agreement, and Voting Rights Proxy and Financial Supporting\nAgreement originally entered by the parties in May, 2019 (“Original VIE Agreements”). The Amended and Restated VIE Agreements\nwere made principally to reflect a change of the share ownership of Jiangsu Yanggu as a result of the transfer by Mr. Weipeng Liang of\nhis 10% equity interest in Jiangsu Yanggu to Ms. Yuanyuan Xiao on January 28, 2021. Except for the change of the share ownership of Jiangsu\nYanggu due to such equity transfer, there are no other changes to the terms of the Original VIE Agreements.\n\n \n\nOn October 20, 2025, WFOE entered into a Termination\nAgreement for VIE Agreements with Jiangsu Yanggu due to corporate restructuring. Pursuant to this agreement, Jiangsu Yanggu, the Company’s\nvariable interest entity, transferred all equity interests of its wholly owned subsidiaries, Nanjing Yanqing and Nanjing Yanyu, to WFOE\non November 11, 2025. Effective from the date of equity transfer, the Company terminated the Equity Pledge Agreement between WFOE and\nJiangsu Yanggu, thereby releasing the pledged shares of Jiangsu Yanggu to its shareholders.\n\n  \n\nF-27\n\n \n\n \n\nThe carrying amounts of the VIEs’ consolidated\nassets and liabilities are as follows: \n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nCurrent asset: \n$\n-\n  \n$30,360,111 \n\nProperty and equipment, net \n \n-\n  \n 8,647,932 \n\nOther noncurrent assets \n \n-\n  \n 950,084 \n\nTotal assets \n \n-\n  \n 39,958,127 \n\nTotal liabilities \n \n-\n  \n (2,125,559)\n\nTotal net assets \n$\n-\n  \n$37,832,568 \n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nCurrent liabilities: \n   \n  \n\nAccounts payable \n$\n-\n  \n$1,417,587 \n\nAccounts payable – related parties \n \n-\n  \n 502 \n\nDeferred revenue \n \n-\n  \n 78,427 \n\nOther payables and accrued liabilities \n \n-\n  \n 615,970 \n\nTaxes payable \n \n-\n  \n 13,073 \n\nTotal liabilities \n$\n-\n  \n$2,125,559 \n\n \n\nThe summarized operating results of the VIEs are as follows:\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nOperating revenues \n$659,571  \n$622,690  \n$1,580,058 \n\nIncome (loss) income from operations \n$659,397  \n$(1,156,651) \n$(1,381,430)\n\nNet income (loss) \n$759,092  \n$(623,395) \n$(923,214)\n\n  \n\n**Note 5 – Deconsolidation of VIE**\n\n** **\n\nOn October 20, 2025, the Company, Jiangsu Yanggu, Nanjing Rongke, Nanjing\nYanqing, Nanjing Yanyu and shareholders of Jiangsu Yanggu entered into an VIE Termination Agreement. Pursuant to the VIE Termination Agreement,\nthe parties agreed: (i) Jiangsu Yanggu will transfer all the equity interests of Nanjing Yanqing and Nanjing Yanyu to WOFE for RMB 0 (the\n“Equity Transfer”) and (ii) all VIE-related agreements, namely the Technical Consultation and Service Agreement, the Equity\nPledge Agreement, as amended, the Equity Option Agreement, as amended and the Voting Rights Proxy and Financial Supporting Agreements,\nshall be immediately terminated, with all rights and obligations permanently extinguished, effective from the date of Equity Transfer\nwhich is the date of completion of business registration change for such Equity Transfer (the “Termination”). On November\n11, 2025, Jiangsu Yanggu completed the Equity Transfer of 100% ownership of Nanjing Yanyu and Nanjing Yanqing to WOFE. Upon completion\nof the Equity Transfer and the Termination, the Company owns the equity interests in its operating entities in China through direct ownership\ninstead of through the VIE structure.\n\n \n\nAs of the effective from the date of Equity Transfer and the Termination,\nthe net assets of Jiangsu Yanggu were negative RMB 450,000. Since the shareholders of Jiangsu Yanggu did not require WFOE to provide compensation,\nthe Company recognized a gain on the VIE deconsolidation of RMB 450,000 (approximately USD 63,000). Since the disposal did not represent\nany strategic change of the Company’s operation, the disposal was not presented as discontinued operations.\n\n \n\n  \nDecember 31, \n\n  \n2025 \n\nTotal current assets \n$20,754,013 \n\n  \n   \n\nTotal other assets \n 527,722 \n\n  \n   \n\nTotal assets \n 21,281,735 \n\n  \n   \n\nTotal current liabilities \n (21,344,791)\n\n  \n   \n\nTotal gain on VIE deconsolidation \n$63,056 \n\n** **\n\nF-28\n\n \n\n** **\n\n**Note 6 – Accounts receivables, net**\n\n** **\n\nThe Company’s net accounts receivable are as follows:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nTrade receivable \n$929,466  \n$42,012 \n\nLess: allowance for expected credit losses \n (552,741) \n (41,734)\n\nAccounts receivable, net \n$376,725  \n$278 \n\n** **\n\nThe movement of allowance for expected credit\nlosses for the years ended December 31, 2025 and 2024 was as follows:\n\n** **\n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nBalance at beginning of the year \n$41,734  \n$42,357 \n\nCurrent period addition \n 543,912  \n   \n\nAmounts written-off \n (42,000) \n \n-\n \n\nExchange differences \n 9,095  \n (623)\n\nBalance at end of the year \n$552,741  \n$41,734 \n\n \n\nIn 2025, the Company wrote off $42,000 of uncollectible\naccounts receivable from prior years and recognized an allowance for expected credit losses of $543,912 against accounts receivable balances\nas of December 31, 2025. As of the date of this report, the Company collected $376,725 of the receivable as of December 31, 2025.\n\n \n\n**Note 7 – Inventory**\n\n** **\n\nIn November 2024, WFOE purchased $1,231,335 of liquor for future sales\nand they were recorded as finished goods. As of December 31, 2025 and 2024, finished goods inventory represented liquor that was purchased\nfrom vendors.\n\n  \n\nAs of December 31, 2025 and 2024, there was no\nallowance for obsolete inventory. There was no inventory being written-down during the years ended December 31, 2025 and 2024.\n\n** **\n\n**Note 8 – Other receivables and prepaid expenses**\n\n \n\nOther receivables consist of the following:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nRent and other deposits \n$189,356  \n$74,075 \n\nEmployee advances and others \n \n-\n  \n 81,732 \n\nPrepaid VAT taxes \n 85,835  \n 240,713 \n\nPrepaid consulting fee \n 16,000  \n 74,404 \n\nPlatform fund receivable* \n \n-\n  \n 602,320 \n\nOthers \n 11,067  \n \n-\n \n\nTotal other receivables and prepaid expenses \n$302,258  \n$1,073,244 \n\n \n\n* Funds held in trading platform trust account entrusted with Nanjing Jinwang, who was a related party as of December 31, 2023 since the Company’s then 10.7% shareholder Mr. Huajun Gao and Mr. Aimin Kong owned and controlled Nanjing Jinwang. As a result of the Company’s $14 million equity financing on May 31, 2024, Mr. Huajun Gao and Mr. Aimin Kong only owns 2.6% beneficial interest of the Company, therefore transaction with Nanjing Jinwang was not considered related party transactions as of December 31, 2024. The funds are unrestricted as to immediate withdrawal and use after the Company’s customers completed the necessary administrative procedures from the platform. The Company normally make withdraw monthly. All such funds were fully recovered as of December 2025.\n\n \n\nF-29\n\n \n\n \n\n**Note 9 – Property and equipment, net**\n\n \n\nProperty and equipment consist of the following:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nOffice and electronic equipment \n$117,411  \n$289,764 \n\nVehicle \n 495,492  \n 484,491 \n\nOffice building \n 8,362,432  \n 8,176,766 \n\nOffice building improvement \n 864,897  \n 845,694 \n\nLess: accumulated depreciation \n (1,326,557) \n (1,148,783)\n\nTotal \n$8,513,675  \n$8,647,932 \n\n \n\nDepreciation expense for the years ended 2025,\n2024 and 2023 was $325,341, $288,862, and $340,296, respectively.\n\n \n\n**Note 10 – Intangible assets, net**\n\n \n\nIntangible assets consist of the following:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nArtwork trading platform \n$152,571  \n$152,877 \n\nSoftware \n 64,722  \n 1,642,113 \n\nCopyright \n 69,064  \n 67,531 \n\nLess: accumulated amortization \n (280,149) \n (315,956)\n\nTotal \n$6,208  \n$1,546,565 \n\n \n\nAmortization expenses for the years ended 2025,\n2024 and 2023 was $166,790, $324,405, and $314,413, respectively.\n\n \n\nIn\n2024, the Company purchased a set of digital currency software (the “Software”)\nwith a total purchase price of $1,500,000 for the intended cryptocurrency trading business, and the Software was fully developed upon\npurchase. As of December 31, 2025, the carrying amount of the Software in the Company’s financial books was $1,350,000. In 2025,\nvirtual digital currency businesses faced stringent regulatory oversight in China, as the government upheld its prohibitionist policy\ntoward cryptocurrencies. In February 2026, the relevant regulatory authority of the PRC explicitly stipulated that virtual digital currency-related\nbusinesses are deemed illegal financial activities within the territory of China. As of December 31, 2025, due to regulatory restrictions,\nthe underlying cryptocurrency business of the Software cannot be launched, the Software has lost its usable functions, and there is no\nexpected disposal value or related cash inflows from disposition. Accordingly, the undiscounted future cash flows expected to be generated\nfrom the use and eventual disposition of the Software are determined to be $0. Since the carrying amount of the Software significantly\nexceeds the undiscounted future cash flows, the asset was considered unrecoverable and an impairment loss was recognized. Impairment loss\non intangible assets for the years ended December 31, 2025, 2024 and 2023 was $1,350,000, $356,676 and nil, respectively.\n\n \n\nF-30\n\n \n\n \n\nThe future amortization is as follows:\n\n \n\nTwelve Months Ending December 31, \nEstimated\nAmortization\nExpense \n\n2026 \n 4,966 \n\n2027 \n 1,242 \n\nTotal \n$6,208 \n\n   \n\n**Note 11 – Other payables and accrued liabilities**\n\n** **\n\nOther payables and accrued liabilities consist\nof the following:\n\n** **\n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nSecurity deposits payable* \n$156,518  \n$153,043 \n\nSalary payable \n 203,382  \n 94,463 \n\nRent deposit \n 42,287  \n 50,903 \n\nTransaction costs payable** \n \n-\n  \n 300,000 \n\nUtilities expense \n 13,907  \n \n-\n \n\nReview and valuation fee \n 7,398  \n \n-\n \n\nOthers \n 76,885  \n 17,931 \n\nTotal \n$500,377  \n$616,340 \n\n** **\n\n***** The Company signed cooperation agreements with third parties to co-develop a niche market for its online platforms. The Company provides its platforms and users to promote products provided by third party developers. Revenue generated from the niche markets will be shared between the Company and these parties. These third-party developers also guarantee certain sales volume yearly and the security deposit will be paid to the Company to make up for the sales target shortfalls at the end of the year. Any remaining security deposits will be returned to these parties upon dissolution of the cooperation agreements. The Company returned approximately nil and recognized approximately nil of deposits for target shortfalls as revenue for the years ended December 31, 2025, 2024 and 2023.\n\n   \n\n** Pursuant to the financing consultant agreement signed in April 2024 between the Company and China Stamp Trading Center Co., Ltd (“China Stamp”), the Company would pay $300,000 in cash and issue 3% of the total number of shares, which was 840,000 shares, for financing services rendered in the Private Placement (see Note 14), to be paid within 50 business days after the approval of the Form F-3 filed with SEC by the Company. As of December 31, 2024, transaction costs payable amounted to $300,000. The payable was settled in May 2025.\n\n \n\n**Note 12 – Taxes**\n\n \n\n*Cayman Islands*\n\n* *\n\nUnder the current laws of the Cayman Islands,\nthe Company is not subject to tax on income or capital gains. Additionally, upon payment of dividends to the shareholders, no Cayman Islands\nwithholding tax will be imposed.\n\n \n\n*Hong Kong*\n\n* *\n\nUnder the current Hong Kong Inland Revenue Ordinance,\nOriental Culture HK established in Hong Kong is subject to a 16.5% income tax on taxable income generated from operations in Hong Kong.\nPayments of dividends from Oriental Culture HK to us are not subject to any Hong Kong withholding tax. The Company did not generate\nany revenue from operations in Hong Kong since its inception through December 31, 2025, and therefore is not subject to any income taxes\nin Hong Kong.\n\n* *\n\nF-31\n\n \n\n* *\n\n*PRC*\n\n \n\nThe WFOE and VIEs incorporated in the PRC are\ngoverned by the income tax laws of the PRC and the income tax provisions in respect to operations in the PRC is calculated at the applicable\ntax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under\nthe Enterprise Income Tax Laws of the PRC (the “EIT Laws”), domestic enterprises and Foreign Investment Enterprises (the “FIE”)\nare usually subject to a unified 25% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemptions may\nbe granted on case-by-case basis.\n\n \n\nUnder the current EIT Law, dividends paid by an\nFIE to any of its foreign non-resident enterprise investors are subject to a 10% withholding tax. Thus, dividends, if and when payable\nby the Company’s PRC subsidiaries to their offshore parent entities, would be subject to a 10% withholding tax. A lower tax rate\nwill be applied if such foreign non-resident enterprise investor’s jurisdiction of incorporation has signed a tax treaty or arrangement\nfor the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income with China. There is such a\ntax arrangement between the PRC and Hong Kong. Thus, the dividends, if and when payable by the Company’s WFOE to the offshore parent\nentity located in Hong Kong, would be subject to a 5% withholding tax rather than the statutory rate of 10% provided that the offshore\nentity located in Hong Kong meets the requirements stipulated by relevant PRC tax regulations. The Company has not provided for deferred\nincome tax liabilities on the WFOE’s undistributed earnings of $40,788,752 and $41,291,171 as of December 31, 2024 and 2023, respectively,\nbecause the Company controls the timing of the undistributed earnings and it is probable that such earnings will not be distributed. The\nCompany plans to reinvest those earnings in the PRC operations for the foreseeable future.\n\n  \n\nMoreover, the current EIT Law treats enterprises\nestablished outside of China with “effective management and control” located in China as PRC resident enterprises for tax\npurposes. The term “effective management and control” is generally defined as exercising overall management and control over\nthe business, personnel, accounting, properties, etc. of an enterprise. The Company, if considered a PRC resident enterprise for tax purposes,\nwould be subject to the PRC Enterprise Income Tax at the rate of 25% on its worldwide income for the period after January 1, 2008 if the\nonly if all of the following conditions are met: (i) the primary location of the day-to-day operational management is in China; (ii) decisions\nrelating to the enterprise’s financial and human resource matters are made or are subject to approval by organizations or personnel\nin China; (iii) the enterprise’s primary assets, accounting books and records, company seals, and board and shareholder resolutions,\nare located or maintained in China; and (iv) at least 50% of voting board members or senior executives habitually reside in China. Based\nupon a review of surrounding facts and circumstances, the Company does not believe its subsidiaries outside of China is a PRC resident\nenterprise for PRC tax purposes because the rule only applies to offshore enterprises controlled by PRC enterprises or PRC enterprise\ngroups, not those controlled by PRC individuals or foreigners like us, and therefore was not subject to PRC taxes.\n\n \n\nKashi Longrui and Kashi Dongfang were formed and registered in Kashi\nin Xinjiang Province, China in 2018. These companies have received an exemption and will not be subject to income tax for 5 years, which\nexpired on December 31, 2022. As of December 31, 2025 and 2024, the Company did not record any deferred tax liabilities in light of (1)\nits compliance with PRC EIT Law in making payments of enterprise income tax; and (2) Jiangsu Yanggu’s inability to pay its net profits\nto WFOE under the VIE agreement without the Company’s determination. However, any changes with the current effective PRC Tax laws\nand regulations could result in the Company paying more enterprise income tax, which would materially and adversely affect the operating\nand financial performance of the Company.\n\n \n\nTax savings for the years ended December 31, 2025,\n2024 and 2023 amounted to approximately nil for all periods presented. The Company’s basic and diluted earnings per share would\nhave been lower by nil per share for each of those years, without the preferential tax exemption.\n\n \n\nThe Company’s loss before income taxes includes the following\nfor the years ended December 31.\n\n \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nNon-PRC operations \n$(5,426,050) \n$(1,822,828)\n\nPRC operations \n 1,458,049  \n (610,615)\n\nLoss before income taxes \n$(3,968,001) \n$(2,433,443)\n\n \n\nF-32\n\n \n\n \n\nIncome tax (benefit) expense was comprised of the following for the\nyears ended December 31.\n\n \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nCurrent tax expense \n$25,947  \n$93 \n\nDeferred tax income (benefit) \n (135,978) \n \n-\n \n\nTotal income tax (benefit) expense \n$(110,031) \n$93 \n\n \n\nFollowing is a reconciliation of income tax expense\nat the effective rate to income tax at the calculated statutory rates for the years ended December 31.\n\n \n\n  \n2025  \n2024 \n\nPRC statutory tax rate \n$(991,789) \n 25% \n$(608,361) \n 25.0%\n\nEffect of PRC preferential tax rate and tax exemption \n (127,852) \n 3.2% \n \n-\n  \n   \n\nNon-PRC entities not subject to PRC tax \n 1,356,301  \n (34.2)% \n 455,707  \n (18.7)%\n\nAllowance for deferred tax assets \n \n-\n  \n \n-\n  \n 152,747  \n (6.3)%\n\nNet operating loss \n (337,191) \n 8.6% \n \n-\n  \n \n-\n \n\nOthers \n (9,500) \n 0.2% \n \n-\n  \n \n-\n \n\nIncome tax (benefit) expense and effective income tax\nrate \n$(110,031) \n (2.8)% \n$93  \n \n-\n%\n\n \n\nDeferred tax assets - China\n\n \n\nThe following table summarizes the significant components of deferred\ntax assets.\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nNet operating losses \n$980,192  \n$1,306,950 \n\nAllowance for credit losses \n 138,185  \n 10,433 \n\nLess: valuation allowance \n (980,192) \n (1,317,383)\n\nDeferred tax assets, net \n$138,185  \n$\n-\n \n\n \n\nThe following table summarizes the changes in valuation allowance for\ndeferred tax assets.\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nBeginning balance \n$1,317,383  \n$1,133,158 \n\nAdditions \n \n-\n  \n 184,225 \n\nReversals \n (337,191) \n \n-\n \n\nEnding balance \n$980,192  \n$1,317,383 \n\n \n\nThe Company evaluated the recoverable amounts of deferred tax assets\nand provided a valuation allowance to the extent that future taxable profits will be available against which the net operating loss and\ntemporary difference can be utilized. The Company considers both positive and negative factors when assessing the future realization of\nthe deferred tax assets and applied weigh to the relative impact of the evidence to the extent it could be objectively verified.\n\n \n\nThe Company’s NOL was mainly from the Company’s\nVIE and its subsidiaries’ cumulative net operating losses (“NOL”) of approximately $1,868,693 and $4,029,000 as of December\n31, 2025 and 2024, and will start expiring in 2026. Management believes projected future losses outweighs other factors and made a full\nallowance of related deferred tax assets.\n\n \n\nF-33\n\n \n\n \n\nTaxes payable consist of the following:\n\n \n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nVAT payable \n$32,285  \n$12,444 \n\nOther taxes payable \n 1,345  \n 763 \n\nIncome taxes payable \n 26,368  \n 291 \n\nTotal \n$59,998  \n$13,498 \n\n** **\n\n**Note 13 – Concentration of credit risk**\n\n** **\n\nFinancial instruments that potentially subject the Company to significant\nconcentrations of credit risk consist primarily of cash and equivalents. A depositor has up to RMB 500,000 (approximately $70,000) insured\nby the People’s Bank of China Financial Stability Bureau (“FSD”). As of December 31, 2025 and 2024, approximately $31,676,827\nand $31,017,513 were deposited in a bank located in the PRC was not insured by FSD. While management believes that these financial institutions\nand platform fund holder are of high credit quality, it continually monitors their credit worthiness.\n\n \n\nCustomer concentration risk\n\n \n\nOne customer accounted for 100.0% of the\nCompany’s accounts receivable as of December 31, 2025 and 2024, respectively.\n\n \n\nAll of the Company’s revenue was generated\nin the PRC. One customer accounted for 24.0% of the Company’s revenue for the year ended December 31, 2025. Two customers accounted\nfor 14.7% and 10.5% of the Company’s revenue for the year ended December 31, 2024, and there was no concentration in revenue\nfor the year ended December 31, 2023.\n\n \n\nVendor concentration risk\n\n \n\nThere is no accounts payable concentration for\nthe years ended December 31, 2025. One vendor accounted for 41.4% of the Company’s accounts payable as of December 31, 2024.\n\n \n\nThere was no concentration in purchases for the\nyear ended December 31, 2025. Three vendors, including a related party, accounted for 52.9%, 27.1% (related party), and 17.0% of the Company’s\npurchases for the year ended December 31, 2024. One vendor accounted for 15.8% of the Company’s purchases for the year ended December\n31, 2023.\n\n \n\n**Note 14 – Related party transactions**\n\n** **\n\na.Other receivable – related party\n\n \n\n   Relationship  Nature \n**December 31,**\n\n**2025**\n  \n**December 31,**\n\n**2024**\n \n\nJiangsu Yanggu  The Company’s VIE prior to November 2025. Mr. Yi Shao, legal representative of Jiangsu YANGGU and holds a 5% equity interest, is also the CEO and director of the Company. Mr. Aimin Kong, holds a 20% equity interest, also services as the COO of the Company.  Receipts and payments on behalf of the Company*  $20,360,293   $\n-\n \n\nTotal        $20,360,293   $\n      -\n \n\n \n\n* As of the date of this report, the Company has recovered RMB125,884,430 ($17,909,805) of receivables from Jiangsu Yanggu. The Company is pursuing the collection and settlement of the outstanding balance, which is expected to be fully settled by June 30, 2026.\n\n \n\nF-34\n\n \n\n \n\nb. Amounts due to related parties consist of the following:\n\n \n\n   Relationship  Nature  December 31,\n2025   December 31,\n2024 \n\nZhongcang Warehouse Co., Ltd.  An 18% subsidiary of Kashi Longrui  Payable for storage fees  $7   $502 \n\nJiangsu Jinhanqi E-Commerce Co., Ltd. (Jiangsu Jinhanqi)  24.48% owned by Nanjing Culture, a company of which Mr. Huajun Gao\nserves as general manager and director, and Mr. Aimin Kong serves as vice chairman.\n\nMr. Huajun Gao and Mr. Aimin Kong each held a 2.6% beneficial ownership interest in the Company from May 31, 2024, and a 10.7% beneficial\nownership interest prior to such date.  Received deposits and advance service fees from customers   282,438    - \n\nNanjing Culture  Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each a 2.6% beneficial shareholder of the Company from May 31, 2024 and 10.7% beneficial shareholder prior to May 31, 2024  Advance service fees from customers   14,227    \n-\n \n\nTotal        $296,672   $502 \n\n \n\nc. Net revenues – related parties consist of the following:\n\n \n\n   Relationship  Nature \n**Year Ended**\n\n**December 31,**\n\n**2025**\n   The Period from\nJanuary 1, 2024 to May 31, 2024  \n**Year Ended**\n\n**December 31,**\n\n**2023**\n \n\nNanjing Culture  Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each a 2.6% beneficial shareholder of the Company from May 31, 2024 and 10.7% beneficial shareholder prior to May 31, 2024  System maintenance and technical support service fees  $73,962   $12,824   $39,643 \n\nKashi Jinwang Art Purchase E-commerce Co., Ltd.  100% owned by Nanjing Jinwang, a company controlled or owned by    Huajun Gao and/or Aimin Kong, each a 2.6% beneficial shareholder of the Company from May 31, 2024 and 10.7% beneficial shareholder prior to May 31, 2024  System maintenance and technical support service fees   \n-\n    41,809    104,966 \n\nJiangsu Jinhanqi  24.48% owned by Nanjing Culture，a company of which Mr. Huajun Gao serves as general manager and director, and Mr. Aimin Kong serves as vice chairman.\nMr. Huajun Gao and Mr. Aimin Kong each held a 2.6% beneficial ownership interest in the Company from May 31, 2024, and a 10.7% beneficial ownership interest prior to such date.  System maintenance and technical support service fees   454,337           \n\nTotal        $528,299   $54,633   $144,609 \n\n  \n\nF-35\n\n \n\n \n\nd. Cost of revenues – related party consists of the following:\n\n \n\n   Relationship  Nature  Year Ended\nDecember 31,\n2025   Year Ended\nDecember 31,\n2024   Year Ended\nDecember 31,\n2023 \n\nZhongcang Warehouse Co., Ltd.  An 18% subsidiary of Kashi Longrui  Storage fees  $6   $21,075   $64,051 \n\n \n\ne. General and administrative expenses – related parties consist\nof the following:\n\n \n\n   Relationship  Nature \n**Year Ended**\n\n**December 31,**\n\n**2025**\n  \n**Year Ended**\n\n**December 31,**\n\n**2024**\n  \n**Year Ended**\n\n**December 31,**\n\n**2023**\n \n\nNanjing Culture  Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each a 2.6% beneficial shareholder of the Company from May 31, 2024 and 10.7% beneficial shareholder prior to May 31, 2024  Rent expense.  $         -   $38,647   $146,924 \n\nHKFAEx  100% owned by the Company’s former Chairman  Accounting and business administration services.   \n-\n   $65,744   $87,365 \n\nTotal        $\n-\n   $104,391   $234,289 \n\n \n\nf. Other income，net\n– related parties consist of the following:\n\n \n\n    **Relationship**   **Nature**   **Year Ended\nDecember 31,\n2025**     **Year Ended\nDecember 31,\n2024**     **Year Ended\nDecember 31,\n2023**  \n\nJiangsu Jinhanqi E-Commerce Co., Ltd.  \n24.48% owned by Nanjing Culture，a company of which Mr. Huajun Gao serves as general manager and director, and Mr. Aimin Kong serves as vice chairman.\n\nMr. Huajun Gao and Mr. Aimin Kong each held a 2.6% beneficial ownership interest in the Company from May 31, 2024, and a 10.7% beneficial ownership interest prior to such date.\n  Rental and property management fees, and car rental service fees   $ 325,766     $ -     $ -  \n\n \n\nThe Company entered into a system maintenance\nand technical support service fees with Jiangsu Jinhanqi, to provide daily technical support, application software troubleshooting, software\nupgrades, and other related services in fiscal year 2025. During the year ended December 31, 2025, the Company recognized system maintenance\nand technical support service revenue of $528,299 from Jinhanqi.\n\n \n\nDuring the years ended December 31, 2024 and 2023,\nHKDAEx paid approximately $66,000 and $87,000, respectively, to HKFAEx, a company owned by our chairman for accounting and business administration\nservices.\n\n \n\nThe Company entered into a non-cancellable Office\nPremises Use Contract with Nanjing Culture which is controlled by Huajun Gao and Aimin Kong, each is a 10.7% beneficial shareholder\nof the Company, for an office from January 1, 2020 to December 31, 2020 with a monthly rental of approximately $14,000 including\nVAT taxes. The Company renewed the lease under the same terms from January 1, 2021 to December 31, 2021 and then renewed again to December\n31, 2024. Nanjing Culture became a third party since June 2024. The monthly rent from January 2024 to May 2024 was renegotiated to approximately\n$7,700 per month. Total related party rental expense for the years ended December 31, 2025, 2024 and 2023 was approximately nil, $39,00\nand $147,000, respectively.\n\n \n\nF-36\n\n \n\n \n\nFor the year ended December 31, 2025, the Company\nprovided office rental and car rental services to Jinhanqi. The Company recognized $156,226 as rental and property management service\nincome and $169,540 as car rental income, which were recorded in other income.\n\n \n\n**Note 15 – Equity Transactions**\n\n \n\nOn May 31, 2024, the Company entered into a Securities\nPurchase Agreement with certain purchasers, pursuant to which the Company agreed to sell to the purchasers in a private placement 14,000,000\nordinary shares of the Company, at a purchase price of $0.50 per share for an aggregate price of $7,000,000 (the “Private Placement”).\nIn connection with offering, the Company has also agreed to issue the warrants to the purchasers to purchase up to an aggregate of 14,000,000\nordinary shares at an exercise price of $0.50 per share. The warrants have a term of two years and are exercisable by the holder at any\ntime on or after six months after the issuance date. The transaction closed in June 2024.\n\n \n\nThe Company also agreed to pay a service fee to China Stamp which including $300,000 in cash and 840,000 shares of the Company’s\nordinary shares pursuant to a financing advisory agreement in connection with the Private Placement. The 840,000 shares were valued at\nthe market price of $1.0 and amounted to $840,000. The Company accounted for the total commission of $1,140,000 as transaction costs to\nthe private placement and recorded as a reduction of the Company’s additional paid in capital. The Company issued the 840,000 shares\nin January 2025.\n\n \n\nIn November 2025, the shareholders and the Board\nof Directors of the Company approved a share capital increase. The authorized share capital of the Company was increased from $50,000\nto $500,000. The number of authorized ordinary shares was increased from 180,000,000 shares to 1,980,000,000 shares. The capital increase\namounted to $450,000, represented by the creation of 1,800,000,000 additional ordinary shares with a par value of $0.00025 per share.\nThis increase was approved to support the Company’s future capital deployment and business development needs. The authorized preferred\nshares remain unchanged.\n\n \n\nShare Consolidation\n\n \n\nOn December 30, 2025, the Board of Directors of\nthe Company approved the authorization for share consolidation. Pursuant to such authorization, the Board of Directors determined to effect\na share consolidation at a ratio of one-for- two hundred and twenty, with fractional shares rounded up. The pre-split Ordinary Share has\na par value of $0.00025 and the post-split Ordinary Share will have a par value of $0.055. The Company’s ordinary shares commenced trading\non the NASDAQ Stock Market on a post-consolidation basis effective January 16, 2026.\n\n \n\nOn April 3, 2026, the Board of Directors of the Company approved the\nauthorization for share consolidation. Pursuant to such authorization, the Board of Directors determined to effect a share consolidation\nat a ratio of one-for-three, with fractional shares rounded up. The pre-split Ordinary Share has a par value of $0.055 and the post-split\nOrdinary Share will have a par value of $0.165. The Company’s ordinary shares commenced trading on the NASDAQ Stock Market on a\npost-consolidation basis effective April 27, 2026.\n\n \n\nIssuance of ordinary shares via ATM (at-the-market) transaction\n\n \n\nOn December 11, 2025, the Company entered into a sales agreement with\nA.G.P./Alliance Global Partners (“AGP”), with respect to an at-the-market offering program (“ATM Program”), under\nwhich the Company may, from time to time in its sole discretion, issue and sell through AGP, acting as sales agent or principal, up to\n$200 million of ordinary shares of the Company, par value $0.00025 per share. As of December 31, 2025, the Company sold 99,618 ordinary\nshares via the ATM Program under the sales agreement and raised $14,055,817 in net proceeds. As of April 17, 2026, the Company had\nsold 1,888,895 Ordinary Shares under the ATM program pursuant to the Sales Agreement and the aggregate gross proceeds from the ATM program\nwere approximately $32.9 million. Share numbers are retroactively adjusted to reflect the two share consolidations of the ordinary shares\nof the Company in January 2026 and April 2026. Upon and after the termination, no more ordinary shares were sold under the ATM program.\n\n \n\nWarrants\n\n \n\nThe Company evaluated its warrants and determined\nthe warrants are indexed to the Company’s own stock as the warrants do not contain any exercise contingencies, the warrants’\nsettlement amount equals the difference between the fair value of the Company’s common stock price and the warrant contract strike\nprice and the only variables which could affect the settlement amount would be inputs to the fair value for a fixed-for-fixed option on\nequity shares. The Company also analyzed ASC 815-40-25 to determine whether the warrant contracts should be classified in stockholders’\nequity in the Company’s balance sheets and concluded that the warrant contracts meet all of the criteria for classification as equity\nas the Company is not required to net settle. Based on this analysis, the Company determined the warrant contracts should be classified\nas equity.  \n\n \n\nF-37\n\n \n\n \n\nThe warrants issued in connection with May 2025\nPrivate Placement are valued using Black Scholes model with certain assumptions about risk-free interest rates, dividend yields, volatility,\nexpected term of the warrants and other assumptions. The fair value of warrants amounted to $2,310,739 and is recorded in the Company’s\npaid in capital.\n\n \n\nThe assumptions used for the Black-Scholes option\npricing model are as follows at issuance:\n\n \n\nExpected life (years) \n 2.0 \n\nRisk-free interest rate \n 4.89%\n\nExpected volatility \n 105.7%\n\nExpected dividend yield \n 0 \n\n \n\nFollowing is a summary of the status of warrants\noutstanding and exercisable as of December 31, 2025:\n\n \n\n  \nWarrants  \nWeighted\nAverage\nExercise\nPrice \n\nWarrants outstanding, as of December 31, 2021 \n 120,000  \n$30.00 \n\nIssued \n \n-\n  \n \n-\n \n\nExercised \n \n-\n  \n \n-\n \n\nExpired \n 120,000  \n 30.00 \n\nWarrants outstanding, as of December 31, 2022 \n \n-\n  \n \n-\n \n\nIssued \n \n-\n  \n \n-\n \n\nExercised \n \n-\n  \n \n-\n \n\nExpired \n \n-\n  \n \n-\n \n\nWarrants outstanding, as of December 31, 2023 \n \n-\n  \n \n-\n \n\nIssued \n 14,000,000  \n 0.50 \n\nExercised \n \n-\n  \n \n-\n \n\nExpired \n \n-\n  \n \n-\n \n\nWarrants exercisable, as of December 31, 2024 \n 14,000,000  \n 0.50 \n\nIssued \n \n-\n  \n   \n\nExercised \n 12,656,818  \n 0.00 \n\nExpired \n \n-\n  \n   \n\nWarrants exercisable, as of December 31, 2025 \n 1,343,182  \n$0.00 \n\n  \n\nRestricted net assets\n\n \n\nThe Company’s ability to pay dividends is\nprimarily dependent on the Company receiving distributions from its subsidiary. Relevant PRC statutory laws and regulations permit payments\nof dividends by Oriental Culture, the WFOE, its VIE Jiangsu Yanggu and subsidiaries of Jiangsu Yanggu, Nanjing Yanyu, Nanjing Yanqing,\nKashi Longrui, and Kashi Dongfang (collectively “Jiangsu Yanggu PRC entities”) only out of their retained earnings, if any,\nas determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying consolidated\nfinancial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Jiangsu\nYanggu PRC entities.\n\n \n\nWFOE and Jiangsu Yanggu PRC entities are required to set aside at least\n10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of their\nregistered capital. In addition, WFOE and Jiangsu Yanggu PRC entities may allocate a portion of their after-tax profits based on PRC accounting\nstandards to an enterprise expansion fund and staff bonus and welfare fund at its discretion. The statutory reserve funds and the discretionary\nfunds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination\nby the banks designated by the State Administration of Foreign Exchange (“SAFE”).\n\n \n\nF-38\n\n \n\n \n\nAs a result of the foregoing restrictions, WFOE and Jiangsu Yanggu\nPRC entities are restricted in their ability to transfer their net assets to the Company. Foreign exchange and other regulations in the\nPRC may further restrict WFOE and Jiangsu Yanggu PRC entities from transferring funds to the Company in the form of dividends, loans and\nadvances. As of December 31, 2024, amounts restricted are the net assets of WFOE and Jiangsu Yanggu PRC entities, which was $38,814,025.\n\n \n\nEquity Incentive Plan\n\n \n\nThe Company’s 2021 Omnibus Equity Plan (“the\nPlan”) was approved by the board of directors on November 8, 2021 by unanimous written consent and approved by the shareholders\non December 16, 2021. The Plan allows for awards of up to 4,000,000 ordinary shares.\n\n \n\nOn February 27, 2024 (the “Grant Date”),\nthe Company granted stock awards of 300,000 ordinary shares, par value $0.00025, pursuant to the Plan, to four officers and employees\nof the Company and subsidiaries of its operating variable interest entity (the “Grantees”), including 75,000 shares to Mr.\nYi Shao, Chief Executive Officer of the Company.  The Grants vested immediately on the Grant Date and each of the Grantees also entered\ninto an Unrestricted Stock Award Agreement with the Company on February 27, 2024. The total stock compensation for the year ended\nDecember 31, 2024 was $573,000, based on Grant Date fair value of $1.91 per share.  \n\n \n\nOn April 28, 2025, the Company granted stock awards\nof 500,000 ordinary shares, par value $0.00025, pursuant to the Plan, to five officers and employees of the Company and subsidiaries of\nits operating variable interest entity, including 100,000 shares to Mr. Yi Shao, Chief Executive Officer of the Company. The Grants vested\nimmediately on the grant date and each of the grantees also entered into an Unrestricted Stock Award Agreement with the Company on April\n28, 2025. The total stock compensation for the year ended December 31, 2025 was $2,040,000, based on grant date fair value of $4.08 per\nshare. \n\n \n\nCompensation of Key Management Personnel\n\n \n\nOn\nJanuary 23, 2025, the Board of the Directors of the Company held a meeting and approved the appointment of Mr. Aimin Kong as the Chief\nOperating Officer of the Company. At the Board meeting, the Board also designated and granted 12,000,000 preferred shares of the Company,\npar value $0.00005, to Mr. Aimin Kong or the company under his control, as “Preferred\nShares” such that the holder of a Preferred Share shall have 15\nvotes for every Preferred Share of which he is the holder. On May 19, 2025, the Board approved and ratified the Certificate of Designation\nin respect of the Preferred Shares (the “Certificate of Designation”) and\nEmployment Agreement by and between Mr. Kong and the Company dated January 27, 2025, which includes certain vesting and earn-out terms\nof the 12,000,000 Preferred Shares (the “Employment Agreement”).\nThe issuance of such Preferred Shares is subject to the shareholders’ approval\naccording to the Employment Agreement.\n\n \n\nPursuant to the terms of the Employment Agreement,\n(i) the 12,000,000 Preferred Shares are divided into two parts of a grant of 4,000,000 Preferred Shares shall vest without earn out requirement\nand a grant of 8,000,000 Preferred Shares shall vest upon the fulfilment of the earn out terms; (ii) the expiration date of the grant\nis January 26, 2030; (iii) the Preferred Shares to be granted are divided into three parts of 4,000,000 Preferred Shares each. The first\n4,000,000 shares shall vest on the date of the Employment Agreement and the second and third parts, totaling 8,000,000 shares, are subject\nto the following four vesting terms. When any one of the condition is met, the 4,000,000 Preferred Shares of the second part will be vested\non such date and when any one of the remaining three condition is met again, the final 4,000,000 Preferred Shares corresponding to the\nthird part will be vested on such date; (iv) the four vesting terms are (a) based on the annual revenues of the Company’s 2024 financial\nstatements, when the annual revenue in 2025 reaches two times of the annual revenue in 2024, or when the annual revenue in any of the\nfour years from 2026 to 2029 reaches to three times of the annual revenue of 2024, the grant shall vest in the first year that the above\nconditions are met; (b) based on the annual profit/loss in the financial statements of 2024, if the annual profit/loss in 2025 reduces\nthe loss by $1 million comparing to that of 2024, or if the annual profit/loss in 2026 reduces the loss by $1.5 million comparing\nto that of 2024, or if in any of the three years between 2027 and 2029 that the Company turns into profitable, the grant shall vest in\nthe first year in which the above conditions are met; (c) if the average of the total market capitalization of the Company for 20 consecutive\ntrading days for the first time reaches or exceeds two times of the closing total market capitalization of the Company (total market capitalization: $20,797,661) as of January 23, 2025, the date on which the grant of Preferred Shares under the Employment Agreement was approved, the\ngrant shall be made on such date when the conditions set out above are fulfilled; and (d) the average of the total market capitalization\nof the Company for 20 consecutive trading days of the Company reaches or exceeds 3 times of the closing total market capitalization (total\nmarket capitalization: $20,797,661) as of January 23, 2025, the date on which the grant of preferred shares under the Employment Agreement\nwas approved, the grant shall be made on such date when the conditions set out above are fulfilled; and (v) the issuance of Preferred\nshares shall be subject to the approval of the shareholders at a general meeting of the Company.\n\n \n\nF-39\n\n \n\n \n\nOn June 27, 2025, the Company held an Extraordinary General Meeting\n(the “Extraordinary Meeting”) of shareholders. At the Extraordinary Meeting, the shareholders of the Company approved that 12,000,000\npreferred shares of par value $0.00005 be designated and issued to Mr. Aimin Kong, the Chief Operating Officer of the Company or the\ncompany under his control, as “Preferred Shares” such that the holder of a Preferred Share shall have 15 votes for every\nPreferred Share of which he is the holder, subject to the Certificate of Designation and certain vesting and earn-out terms in his Employment\nAgreement. On June 27, 2025, the Company confirmed that vesting conditions have been met and issued 12,000,000 Preferred Shares to Hao\nShun Investments Limited, a BVI company wholly owned by Mr. Aimin Kong. On February 3, 2026, Mr. Aimin Kong transferred 35% equity interest\nof Hao Shun Investments Limited to Oriental Culture Investment Development Ltd., a BVI company wholly owned by Mr. Aimin Kong and 30% equity interest of Hao Shun Investments Limited to Oatto Holdings Ltd., a Canadian company wholly owned by Junci Kong, daughter\nof Aimin Kong.\n\n \n\n  \n\n**Note 16 – Other income, net**\n\n** **\n\nOther income, net was as follows:\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024 \n\n  \n   \n  \n\nOffice rental income, net \n 11,188  \n 246,273 \n\nProperty management service income, net \n 102,919  \n 50,421 \n\nCar rental income, net \n 169,540  \n \n-\n \n\nIncome from liquor sales \n 23,877  \n \n-\n \n\nLiquidated damages from cancellation of liquor sales contract cancellation \n 42,264  \n \n-\n \n\nLoss on disposal of assets \n (23,963) \n (68,282)\n\nOther non-operating (expense) income \n (1,001) \n 18,865 \n\nOther income, net \n$324,825  \n$247,277 \n\n** **\n\n**Note 17 – Commitments and Contingencies**\n\n \n\nContingencies\n\n \n\nFrom time to time, the Company may be subject\nto certain legal proceedings, claims and disputes that arise in the ordinary course of business. Amounts accrued, as well as the total\namount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to\nthe consolidated financial statements.\n\n \n\nOn July 1, 2022, Mr. Huajun Gao and Mr. Aiming\nKong, each was a major shareholder of the Company, were detained by Nan County Public Safety Bureau of Yiyang City, Hunan Province, China.\nOn July 26, 2022, Nan County People’s Procuratorate (“NCPP”) approved the arrest of Mr. Gao and Mr. Kong, charging them\nwith assisting in illegal online business operation of Nanjing Jinwang Art Purchase E-commerce Co., Ltd. (“Nanjing Jinwang”)\nand prosecuted them to Nan County People’s Court (the “Court”) in August 2023.\n\n \n\nOn July 1, 2022, the bank accounts of Nanjing\nJinwang were frozen by Nan County Public Safety Bureau, including a trust account into which the customers of the Company deposit their\nsecurity deposits in order to trade on the Company’s two online trading platforms which the Company has entrusted Nanjing Jinwang\nfor escrow.  \n\n \n\nF-40\n\n \n\n \n\nAlso, on July 1, 2022, Nan County Public Safety\nBureau froze certain bank accounts of Kashi Longrui, Kashi Dongfang, and Nanjing Yanyu, all subsidiaries of Jiangsu Yanggu Culture Development\nCo., Ltd., the VIE because they, each had business relationship with Nanjing Jinwang.\n\n \n\nNeither the Company nor its subsidiaries have\nreceived any notification for enforcement charges from Nan County Public Safety Bureau, other than cash and short-term investment in the\nfrozen bank accounts relating to the Nanjing Jinwang investigation as described above. Mr. Gao and Mr. Kong are not officers, directors\nor employees of the Company, its VIE or subsidiaries of the VIE until January 23, 2025 when Mr. Kong was appointed as Chief Operating\nOfficer of the Company.\n\n \n\nThe Court had the hearing in August 2023 and trial\nin January 2024 and both of Mr. Kong and Mr. Gao were released on bail waiting for the judgement of the Court since February 2024. On\nMay 5, 2025, NCPP filed with the Court to withdraw the charges against Nanjing Jinwang, Mr. Aimin Kong and Mr. Huajun Gao due to lack\nof evidence to press the charges. On May 8, 2025, the Court ordered to grant the withdrawal of charges against Nanjing Jinwang, Mr. Kong\nand Mr. Gao by NCCP. On May 15, 2025, Nan County Public Safety Bureau unfroze the bank accounts of Nanjing Jinwang, a related party of\nthe Company. On May 15, 2025, Nan County Public Safety Bureau unfroze the bank accounts of Kashi Longrui, Kashi Dongfang and Nanjing Yanyu.\nOn May 28, 2025, NCCP determined it would not seek to file any charges against Nanjing Jinwang, Mr. Aimin Kong and Mr. Huajun Gao. The\ninvestigation and case have been officially closed according to the PRC counsel of the Company, Tahota (Nanjing) Law Firm. All customers\ncan freely transfer their deposits and make their withdrawals based on their actual needs.\n\n \n\nLease commitments\n\n \n\nThe Company has three non-cancellable operating\nlease agreements for three office units. These lease agreements have lease terms expiring between January 2025 and December 2025 with\na monthly rental of approximately $171, $1,284 and $1,924 respectively. Upon adoption of ASU 2016-02 on January 1, 2021, the Company does\nnot have any leases that are over one year.\n\n \n\nRent expense for the years ended December 31,\n2025,2024, 2023 and 2022 was $19,805, $93,925, $177,189 and $179,552, respectively.\n\n \n\n**Note 18 – Subsequent Events**\n\n \n\nThe Company evaluated subsequent events and transactions\nthat occurred after the balance sheet date through the date when the financial statements were issued. Based on this review, except as\ndiscussed below, the Company did not identify any subsequent events that would require adjustment or disclosure in the financial statements.\n\n \n\nEffective January 16, 2026, the Company’s\nordinary shares were trading on a 1 for 220 post-share consolidation basis on the Nasdaq Capital Market with a par value of $0.055 per\nshare.\n\n \n\nOn January 8, 2026, the Company’s Board\nof Directors approved a special cash dividend to all shareholders of the Company. The dividend amount was $0.05 per share. The record\ndate for the special cash dividend was January 22, 2026 and the payment date was February 9, 2026. The special dividend will be paid on\nthe post-consolidation basis after the one-for-two hundred and twenty share consolidation of the Company’s ordinary shares with\na market effective date on January 16, 2026.  \n\n \n\nOn March 20, 2026, the Company held an Extraordinary\nGeneral Meeting (the “Extraordinary Meeting”) of shareholders.. At the Extraordinary Meeting, the shareholders of the Company\napproved the following ordinary resolutions: (i) the authorized share capital of the Company be increased from (a) share capital of $500,000\ndivided into 109,000,000 shares of which (x) 9,000,000 shares designated as ordinary shares with a par value of $0.055 per share and (y)100,000,000\nshares designated as preferred shares with a nominal or par value of $0.00005 per share to (b) $5,505,000 divided into shares of which\n(x) 100,000,000 shares are designated as ordinary shares with a par value of $0.055 per share, and (y) 100,000,000 shares are designated\nas preferred shares with a nominal or par value of $0.00005 per share by creation of 91,000,000 ordinary shares with par value of $0.055\nper share (the “Share Capital Increase”); (ii) the approval and authorization to the Board for the future increase of the\nshare capital and authorized shares of the Company at any one time or multiple times during a period up to two years after the date\nof the approval of the authorization by the shareholders of the Company, with the exact increased numbers of share capital and authorized\nshares and effective time as the Board may determine from time to time in its absolute discretion provided in no event the increased share\ncapital shall exceed $500 million (the “Future Share Capital Increase”); and (iii) the registered address of the Company be\nchanged to Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands\n(the “Address Change”). At the Extraordinary Meeting, the shareholders of the Company also approved a special resolution that\nthe fourth amended and restated memorandum and articles of association of the Company (the “Fourth Amended and Restated M&A”).\n\n \n\nOn December 11, 2025, the Company entered into\na sales agreement with a sales agent (“AGP”), with respect to an at-the-market offering program (“ATM Program”),\nunder which the Company may, from time to time in its sole discretion, issue and sell through AGP, acting as sales agent or principal,\nup to $200 million of ordinary shares of the Company, par value $0.00025 per share. On April 17, 2026, the Company and AGP agreed to terminate\nthe Sales Agreement and the ATM Program, effective immediately (the “Termination”). As of April 17, 2026, the Company has\nsold approximately 1,888,895 ordinary shares under the ATM program pursuant to the Sales Agreement and the aggregate gross proceeds from\nthe ATM program were approximately $32.9 million. Share numbers are retroactively adjusted to reflect the two share consolidations of\nthe ordinary shares of the Company in January 2026 and April 2026. Upon and after the Termination, no more Ordinary Shares was sold under\nthe ATM program.\n\n \n\nF-41\n\n \n\n \n\nOn April 1, 2026, Nanjing Yanqing received the\n2025 annual profit dividend distributed by JYLJ, in an aggregate amount of RMB 1,522,965 ($216,675).\n\n  \n\nOn April 3, 2026, the Board approved another share consolidation with a ratio of one-for-three for authorized and issued ordinary shares\nand to round up the fractions of the issued consolidated shares resulting from the share consolidation. The Company’s ordinary shares\nbegan to trade on the NASDAQ Stock Market on the post-consolidation basis under the symbol “OCG” on April 27, 2026. The share\nconsolidation is primarily being effectuated to comply with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum bid price per share\nof the Company’s ordinary shares.\n\n \n\nAs of the date of this report, the Company has\nrecovered RMB125,884,430 ($17,909,805) of receivables from Jiangsu Yanggu, a related party.\n\n \n\nOn April 20, 2026, the Company entered into a\nSubscription Agreement (the “Agreement”) with Jade Cove, L.P., a Cayman Islands exempted limited partnership (“Jade\nCove”). Jade Cove makes direct and indirect investments in internet technology companies in the fields of commerce, content and\nentertainment. Pursuant to the Agreement, the Company will make a subscription in an aggregate amount of $10,000,000 to acquire 66.67%\ninterest in Jade Cove and will become a limited partner of Jade Cove and be bound by the partnership agreement.\n\n \n\n**Note 19 – Parent Company Information**\n\n \n\nPursuant to the requirements of Rule 12-04(a),\n5-04(c) and 4-08(e)(3) of Regulation S-X, the condensed financial information of the parent company shall be filed when the restricted\nnet assets of consolidated subsidiaries exceed 25% of consolidated net assets as of the end of the most recently completed fiscal year.\nThe Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirement and concluded\nthat it was applicable to the Company as the restricted net assets of the Company’s PRC subsidiary exceeded 25% of the consolidated\nnet assets of the Company. Therefore, the condensed financial statements for the parent company are included herein.\n\n \n\nFor purposes of the above test, restricted net\nassets of consolidated subsidiaries shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries\n(after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries\nin the form of loans, advances or cash dividends without the consent of a third party.\n\n \n\nF-42\n\n \n\n \n\nThe condensed financial information of the parent\ncompany was prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that\nthe parent company used the equity method to account for investment in its subsidiaries. Such investment is presented on the condensed\nbalance sheets as “Investment in subsidiaries” and the respective profit or loss as “Equity in earnings of subsidiaries”\non the condensed statements of operations.\n\n  \n\nAs of December 31, 2025 and 2024, there were no\nmaterial contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been\nseparately disclosed in the consolidated financial statements, if any.\n\n \n\n** **\n\n**PARENT COMPANY BALANCE SHEETS**\n\n** **\n\n  \nAs of December 31, \n\n  \n2025  \n2024 \n\nAssets \n   \n  \n\n  \n   \n  \n\nCurrent assets \n   \n  \n\nCash and cash equivalents \n$28,494,997  \n$14,411,389 \n\nShort-term investments \n 3,015,800  \n 5,256,000 \n\nOther current asset \n 24,686  \n 67,529 \n\nOther receivable - intercompany \n 3,020,833  \n 2,219,790 \n\n    Total current assets \n 34,556,316  \n 21,954,708 \n\n  \n    \n   \n\nOther assets \n    \n   \n\nIntangible assets \n \n-\n  \n 1,500,000 \n\nInvestment in subsidiaries \n 39,631,125  \n 37,324,008 \n\nTotal other assets \n 39,631,125  \n 38,824,008 \n\n  \n    \n   \n\nTotal assets \n$74,187,441  \n$60,778,716 \n\n  \n    \n   \n\nLiabilities and Shareholders’ Equity \n    \n   \n\n  \n    \n   \n\nCurrent liabilities \n    \n   \n\nAccounts payable \n$\n-\n  \n$1,000,000 \n\nOther payables and accrued liabilities \n 128,317  \n 300,007 \n\nOther payables - intercompany \n 9,420,442  \n 9,569,397 \n\nTotal current liabilities \n 9,548,759  \n 10,869,404 \n\n  \n    \n   \n\nTotal liabilities \n 9,548,759  \n 10,869,404 \n\n  \n    \n   \n\nCommitments and Contingencies \n \n-\n  \n \n-\n \n\n  \n    \n   \n\nShareholders’ Equity \n    \n   \n\n Preferred shares, $0.00005 par value, 100,000,000 shares authorized, 12,000,000 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively \n 600  \n \n-\n \n\n Ordinary shares, $0.165 par value, 3,000,000 and 272,728 shares authorized, 151,873 and 31,048 shares issued, 148,960 and 28,135 shares outstanding as of December 31, 2025 and 2024, respectively* \n 25,054  \n 5,118 \n\nTreasury shares, at cost, 2,913 shares issued as of December 31, 2025 and 2024, respectively* \n (481) \n (481)\n\nAdditional paid-in capital \n 47,537,432  \n 29,712,151 \n\nStatutory reserves \n 178,303  \n 155,313 \n\nRetained earnings \n 18,371,787  \n 22,252,747 \n\nAccumulated other comprehensive loss \n (1,474,013) \n (2,215,536)\n\nTotal shareholders’ equity \n 64,638,682  \n 49,909,312 \n\n  \n    \n   \n\nTotal liabilities and shareholders’ equity \n$74,187,441  \n$60,778,716 \n\n** ** \n\n*The shares data are presented on a retroactive basis to reflect the\n220 to 1 share consolidation and 3 to 1 share consolidation (Note 15).\n\n \n\nF-43\n\n \n\n \n\n**PARENT COMPANY STATEMENTS OF OPERATIONS AND\nCOMPREHENSIVE LOSS**\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nOperating expenses \n$(3,096,483) \n$(1,579,979) \n$(2,309,152)\n\n  \n    \n    \n   \n\nLoss from operations \n (3,096,483) \n (1,579,979) \n (2,309,152)\n\n  \n    \n    \n   \n\nOther expenses \n (761,487) \n (853,557) \n (1,289,328)\n\n  \n    \n    \n   \n\nNet loss \n (3,857,970) \n (2,433,536) \n (3,598,480)\n\nForeign currency translation adjustments \n 741,523  \n (479,801) \n (560,679)\n\nComprehensive loss \n$(3,116,447) \n$(2,913,337) \n$(4,159,159)\n\n \n\nF-44\n\n \n\n \n\n**PARENT COMPANY STATEMENTS OF CASH FLOWS**\n\n \n\n  \nYears Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \n   \n   \n  \n\nNet cash (used in) provided by operating activities \n$(928,209) \n$(1,761,029) \n$181,835 \n\nNet cash provided by (used in) investing activities \n 1,256,000  \n (5,756,000) \n \n-\n \n\nNet cash provided by financing activities \n 13,755,817  \n 6,998,517  \n 345,210 \n\nEffect of exchange rate on cash and cash equivalents \n \n-\n  \n (49,892) \n \n-\n \n\nNet increase (decrease) in cash and cash equivalents \n 14,083,608  \n (568,404) \n 527,045 \n\nCash and cash equivalents, beginning of year \n 14,411,389  \n 14,979,793  \n 14,452,748 \n\nCash and cash equivalents, end of year \n$28,494,997  \n$14,411,389  \n$14,979,793 \n\n \n\nF-45\n\nU.S. GAAP\n\nThe shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation (Note 15) and 3 to 1 share consolidation (Note 18).\n\nThe shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation (Note 18).\n\nThe shares data are presented on a retroactive basis to reflect the 220 to 1 share consolidation (Note 15) and 3 to 1 share consolidation (Note 18)\n\nhttp://fasb.org/us-gaap/2025#UsefulLifeTermOfLeaseMember\n\nhttp://fasb.org/srt/2025#ChiefExecutiveOfficerMember\n\n3900\n\n0001776067\nfalse\nFY\n00000\n00000\n\n0001776067\n\n2025-01-01\n2025-12-31\n\n0001776067\n\ndei:BusinessContactMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\n2025-12-31\n\n0001776067\n\n2024-12-31\n\n0001776067\n\nus-gaap:NonrelatedPartyMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:NonrelatedPartyMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:NonrelatedPartyMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\n2024-01-01\n2024-12-31\n\n0001776067\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2022-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2022-12-31\n\n0001776067\n\n2022-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2023-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2023-12-31\n\n0001776067\n\n2023-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:PreferredStockMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:TreasuryStockCommonMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-12-31\n\n0001776067\n\nocg:StatutoryReservesMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:RetainedEarningsMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2025-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:FinancialSupportingAgreementsMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\n\n2021-01-28\n\n0001776067\n\n2025-10-20\n2025-10-20\n\n0001776067\n\nocg:NanjingYanyuAndNanjingYanqingMember\n\n2025-11-11\n\n0001776067\n\nocg:ChinaInternationalAssetsAndEquityOfArtworksExchangeLimitedMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:HKDAExLimitedHKDAExMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:OrientalCultureWFOEMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:OrientalCultureHKMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:WFOEMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:NanjingYanyuInformationTechnologyCoLtdNanjingYanyuMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:NanjingYanqingInformationTechnologyCoLtdNanjingYanqingMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:KashiLongruiBusinessManagementServiceCoLtdKashiLongruiMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:KashiDongfangCangpinCultureDevelopmentCoLtdKashiDongfangMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:HainanYanqingInformationTechnologyCoLtdHainanYanqingMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nsrt:ScenarioForecastMember\n\n2026-04-17\n2026-04-17\n\n0001776067\n\nsrt:ScenarioForecastMember\n\n2026-04-17\n\n0001776067\n\ncurrency:CNY\n\n2025-12-31\n\n0001776067\n\ncurrency:CNY\n\n2024-12-31\n\n0001776067\n\ncurrency:USD\n\n2025-12-31\n\n0001776067\n\ncurrency:CNY\n\n2025-01-01\n2025-12-31\n\n0001776067\n\ncurrency:CNY\n\n2024-01-01\n2024-12-31\n\n0001776067\n\ncurrency:CNY\n\n2023-01-01\n2023-12-31\n\n0001776067\n\ncurrency:USD\n\n2025-01-01\n2025-12-31\n\n0001776067\n\ncurrency:HKD\n\n2025-12-31\n\n0001776067\n\ncurrency:HKD\n\n2024-12-31\n\n0001776067\n\ncurrency:HKD\n\n2025-01-01\n2025-12-31\n\n0001776067\n\ncurrency:HKD\n\n2024-01-01\n2024-12-31\n\n0001776067\n\ncurrency:HKD\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001776067\n\nocg:YangguMember\n\n2025-12-31\n\n0001776067\n\nsrt:MinimumMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nsrt:MaximumMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\n\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\n\n2024-12-31\n\n0001776067\n\nocg:BeijingJiuYuLingJingTechnologyCoLtdMember\n\n2022-03-31\n\n0001776067\n\n2022-03-31\n\n0001776067\n\nsrt:MaximumMember\n\n2022-03-31\n\n0001776067\n\nocg:JYLJMember\n\n2025-12-31\n\n0001776067\n\nocg:BeijingJiuYuLingJingTechnologyCoLtdMember\n\n2025-02-25\n\n0001776067\n\n2021-12-31\n\n0001776067\n\n2021-01-01\n2021-12-31\n\n0001776067\n\nsrt:ChiefOperatingOfficerMember\n\n2025-01-23\n\n0001776067\n\nocg:PrivateSecuritiesFundMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel1Member\nocg:PrivateSecuritiesFundMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel2Member\nocg:PrivateSecuritiesFundMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel3Member\nocg:PrivateSecuritiesFundMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel1Member\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel2Member\n\n2025-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel3Member\n\n2025-12-31\n\n0001776067\n\nocg:StructuredDepositMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel1Member\nocg:StructuredDepositMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel2Member\nocg:StructuredDepositMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel3Member\nocg:StructuredDepositMember\n\n2024-12-31\n\n0001776067\n\nocg:WealthManagementProductsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel1Member\nocg:WealthManagementProductsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel2Member\nocg:WealthManagementProductsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel3Member\nocg:WealthManagementProductsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel1Member\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel2Member\n\n2024-12-31\n\n0001776067\n\nus-gaap:FairValueInputsLevel3Member\n\n2024-12-31\n\n0001776067\n\nsrt:MinimumMember\nus-gaap:OfficeEquipmentMember\n\n2025-12-31\n\n0001776067\n\nsrt:MaximumMember\nus-gaap:OfficeEquipmentMember\n\n2025-12-31\n\n0001776067\n\nsrt:MinimumMember\nocg:ElectronicEquipmentMember\n\n2025-12-31\n\n0001776067\n\nsrt:MaximumMember\nocg:ElectronicEquipmentMember\n\n2025-12-31\n\n0001776067\n\nocg:ServerRoomEquipmentMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:VehiclesMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:BuildingMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:BuildingImprovementsMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:ArtisticRelatedIntangibleAssetsMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:ComputerSoftwareIntangibleAssetMember\n\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\n\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\n\n2024-12-31\n\n0001776067\n\nocg:BeijingJiuYuLingJingTechnologyCoLtdMember\n\n2025-12-31\n\n0001776067\n\nocg:BeijingJiuYuLingJingTechnologyCoLtdMember\n\n2024-12-31\n\n0001776067\n\nocg:ListingServiceFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:ListingServiceFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:ListingServiceFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:TransactionFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:TransactionFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:TransactionFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:MarketingServiceFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:MarketingServiceFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:MarketingServiceFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:AccountManagementFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:AccountManagementFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:AccountManagementFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:WarehousingServiceFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:WarehousingServiceFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:WarehousingServiceFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:SystemMaintenanceAndTechnicalSupportServiceFeesMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:SystemMaintenanceAndTechnicalSupportServiceFeesMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:SystemMaintenanceAndTechnicalSupportServiceFeesMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\n2021-01-28\n2021-01-28\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:NanjingYanyuAndNanjingYanqingMember\n\n2025-11-11\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\nus-gaap:SegmentDiscontinuedOperationsMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\nus-gaap:SegmentDiscontinuedOperationsMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:OrientalCultureWFOEMember\n\n2024-11-30\n\n0001776067\n\nocg:MrHuajunGaoAndMrAiminKongMember\n\n2023-12-31\n\n0001776067\n\nocg:MrHuajunGaoAndMrAiminKongMember\n\n2024-05-31\n\n0001776067\n\nocg:MrHuajunGaoAndMrAiminKongMember\n\n2024-05-31\n2024-05-31\n\n0001776067\n\nus-gaap:OtherMachineryAndEquipmentMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:OtherMachineryAndEquipmentMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:VehiclesMember\n\n2024-12-31\n\n0001776067\n\nocg:OfficeBuildingsMember\n\n2025-12-31\n\n0001776067\n\nocg:OfficeBuildingsMember\n\n2024-12-31\n\n0001776067\n\nocg:OfficeBuildingImprovementMember\n\n2025-12-31\n\n0001776067\n\nocg:OfficeBuildingImprovementMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:ArtisticRelatedIntangibleAssetsMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:ComputerSoftwareIntangibleAssetMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:CopyrightsMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:CopyrightsMember\n\n2024-12-31\n\n0001776067\n\n2024-04-30\n2024-04-30\n\n0001776067\n\n2024-04-30\n\n0001776067\n\ncountry:HK\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:PRCMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:CustomerOneMember\nus-gaap:AccountsReceivableMember\nus-gaap:CustomerConcentrationRiskMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:CustomerOneMember\nus-gaap:AccountsReceivableMember\nus-gaap:CustomerConcentrationRiskMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:CustomerOneMember\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:CustomerOneMember\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:CustomersTwoMember\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:CustomerOneMember\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:VendorOneMember\nus-gaap:AccountsPayableMember\nus-gaap:CustomerConcentrationRiskMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:VendorOneMember\nus-gaap:AccountsPayableMember\nus-gaap:CustomerConcentrationRiskMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:PurchasesMember\nus-gaap:SupplierConcentrationRiskMember\nocg:VendorOneMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:PurchasesMember\nus-gaap:SupplierConcentrationRiskMember\nocg:VendorTwoMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:PurchasesMember\nus-gaap:SupplierConcentrationRiskMember\nocg:VendorThreeMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nocg:PurchasesMember\nus-gaap:SupplierConcentrationRiskMember\nocg:VendorOneMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\n\n2025-12-31\n\n0001776067\n\nocg:JinhanqiMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:OfficeRentalAndPropertyManagementServiceIncomeMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:CarRentalIncomeMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001776067\n\nocg:JiangsuYangguMember\nus-gaap:RelatedPartyMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2024-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2024-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdJiangsuJinhanqiMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdJiangsuJinhanqiMember\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2024-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2023-11-01\n2024-05-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nocg:KashiJinwangArtPurchaseEcommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:KashiJinwangArtPurchaseEcommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nocg:KashiJinwangArtPurchaseEcommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2023-11-01\n2024-05-31\n\n0001776067\n\nocg:KashiJinwangArtPurchaseEcommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2023-11-01\n2024-05-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2024-06-01\n2024-12-31\n\n0001776067\n\nocg:ZhongcangWarehouseCoLtdMember\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nocg:NanjingCultureMember\nus-gaap:RelatedPartyMember\n\n2024-06-01\n2024-12-31\n\n0001776067\n\nocg:HKFAExMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:HKFAExMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nocg:HKFAExMember\nus-gaap:RelatedPartyMember\n\n2024-06-01\n2024-12-31\n\n0001776067\n\nocg:HKFAExMember\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nus-gaap:RelatedPartyMember\n\n2024-06-01\n2024-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2008-06-01\n2008-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2025-06-01\n2025-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2024-06-01\n2024-12-31\n\n0001776067\n\nocg:JiangsuJinhanqiECommerceCoLtdMember\nus-gaap:RelatedPartyMember\n\n2023-06-01\n2023-12-31\n\n0001776067\n\nus-gaap:PrivatePlacementMember\n\n2024-05-31\n2024-05-31\n\n0001776067\n\nus-gaap:PrivatePlacementMember\n\n2024-05-31\n\n0001776067\n\n2024-05-31\n2024-05-31\n\n0001776067\n\n2024-05-31\n\n0001776067\n\nus-gaap:PrivatePlacementMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:PrivatePlacementMember\n\n2025-01-31\n2025-01-31\n\n0001776067\n\nocg:PreSplitOrdinaryShareMember\n\n2025-12-30\n\n0001776067\n\nocg:PostSplitOrdinaryShareMember\n\n2025-12-30\n\n0001776067\n\nus-gaap:CommonStockMember\n\n2025-12-30\n2025-12-30\n\n0001776067\n\nocg:AllianceGlobalPartnersMember\n\n2025-12-11\n2025-12-11\n\n0001776067\n\nocg:AllianceGlobalPartnersMember\n\n2025-12-11\n\n0001776067\n\nocg:ATMProgramMember\n\n2025-12-31\n\n0001776067\n\nocg:ATMProgramMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nsrt:ScenarioForecastMember\n\n2026-06-17\n2026-06-17\n\n0001776067\n\nus-gaap:WarrantMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nsrt:ChiefExecutiveOfficerMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nsrt:ChiefExecutiveOfficerMember\n\n2024-02-27\n2024-02-27\n\n0001776067\n\nsrt:ChiefExecutiveOfficerMember\n\n2024-02-27\n\n0001776067\n\nsrt:ChiefExecutiveOfficerMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:IPOMember\n\n2025-04-28\n\n0001776067\n\n2025-04-28\n2025-04-28\n\n0001776067\n\nsrt:BoardOfDirectorsChairmanMember\nus-gaap:PreferredStockMember\n\n2025-01-23\n2025-01-23\n\n0001776067\n\nsrt:BoardOfDirectorsChairmanMember\nus-gaap:PreferredStockMember\n\n2025-01-23\n\n0001776067\n\nus-gaap:PreferredStockMember\nocg:EmploymentAgreementMember\n\n2025-01-27\n2025-01-27\n\n0001776067\n\nocg:MrAiminKongMember\nsrt:ChiefOperatingOfficerMember\n\n2025-06-27\n\n0001776067\n\nocg:MrAiminKongMember\n\n2025-06-27\n2025-06-27\n\n0001776067\n\nocg:MrAiminKongMember\n\n2025-06-27\n\n0001776067\n\nocg:MrAiminKongMember\nus-gaap:SubsequentEventMember\n\n2026-02-03\n2026-02-03\n\n0001776067\n\nocg:MrAiminKongMember\nocg:InvestmentDevelopmentLtdMember\nus-gaap:SubsequentEventMember\n\n2026-02-03\n2026-02-03\n\n0001776067\n\nus-gaap:MeasurementInputExpectedTermMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:MeasurementInputPriceVolatilityMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:MeasurementInputExpectedDividendRateMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2021-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2022-01-01\n2022-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2022-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:WarrantMember\n\n2025-12-31\n\n0001776067\n\n2022-01-01\n2022-12-31\n\n0001776067\n\nus-gaap:SubsequentEventMember\n\n2026-01-16\n2026-01-16\n\n0001776067\n\nus-gaap:SubsequentEventMember\n\n2026-01-16\n\n0001776067\n\nus-gaap:SubsequentEventMember\n\n2026-01-08\n2026-01-08\n\n0001776067\n\nus-gaap:SubsequentEventMember\n\n2026-03-20\n2026-03-20\n\n0001776067\n\nsrt:ScenarioForecastMember\nocg:ATMProgramMember\n\n2026-04-17\n\n0001776067\n\nsrt:ScenarioForecastMember\nocg:ATMProgramMember\n\n2026-04-17\n2026-04-17\n\n0001776067\n\nsrt:ScenarioForecastMember\nocg:NanjingYanqingMember\n\n2026-04-01\n2026-04-01\n\n0001776067\n\nsrt:ScenarioForecastMember\nocg:JiangsuYangguMember\n\n2026-04-01\n\n0001776067\n\nsrt:ScenarioForecastMember\n\n2026-04-20\n2026-04-20\n\n0001776067\n\nsrt:ScenarioForecastMember\n\n2026-04-20\n\n0001776067\n\nocg:PRCSubsidiaryMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2025-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2024-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2025-01-01\n2025-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2024-01-01\n2024-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2023-01-01\n2023-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2023-12-31\n\n0001776067\n\nus-gaap:ParentMember\n\n2022-12-31\n\nxbrli:shares\n\niso4217:USD\n\niso4217:USD\n\nxbrli:shares\n\nxbrli:pure\n\niso4217:CNY"}