Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 287

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 287
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 value of the modified Redeemable Convertible Preferred Shares as a deemed dividend reconciling net loss to
net loss attributable to ordinary shareholders as there is a transfer of value from the ordinary shareholders to the redeemable convertible
preferred shareholders. Modifications that result in a decrease in the fair value of the modified Redeemable Convertible Preferred Shares
were not recognized. With the assistance of an independent third-party valuation firm, the Company determined that the change in fair
value for each modification did not exceed10% and did not result in any substantial increase to the fair value of the modified Redeemable
Convertible Preferred Shares.

F-81

17. REDEEMABLE CONVERTIBLE PREFERRED SHARES(cont.)

The Company’s Redeemable Convertible Preferred
Shares activities consist of the following:

 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance                                             724,939          58,511,842      276,940          48,687,737      227,751           67,732,191         74,959,524  
  Accretion                                           -                 6,938,024      -                 5,773,133      -                  8,031,324          8,888,302  
  Foreign                                             -               ( 1,415,102      -               ( 1,177,507      -                ( 1,638,097        ( 1,812,888  
  Balance                                             724,939          64,034,764      276,940          53,283,363      227,751           74,125,418         82,034,938  
  Accretion                                           -                 8,144,087      -                 6,776,699      -                  9,427,439         10,433,390  
  Foreign                                             -                 6,164,500      -                 5,129,485      -                  7,135,909          7,897,339  
  Balance                                             724,939          78,343,351      276,940          65,189,547      227,751           90,688,766        100,365,667  
  Accretion                                           -                 8,413,619      -                 7,000,977      -                  9,739,445         10,778