Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 252

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 252
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 borrowings balance repayable within the next twelve months amount of HK$386,413(equivalent to RMB350,168) was classified as “current portion of long-term bank borrowings” on consolidated balance sheets,
the remaining outstanding long- term bank borrowings balance was HK$4,100,539(equivalent to RMB3,715,908). As of December 31, 2024, the
outstanding long-term bank borrowings balance repayable within the next twelve months amount of HK$387,514(equivalent to RMB358,838)
was classified as “current portion of long-term bank borrowings” on consolidated balance sheets, the remaining outstanding
long- term bank borrowings balance was HK$3,711,924(equivalent to RMB3,437,242).

In September 2014, Cook SF entered into a five-year
term facility with Beneficial State Bank (“ BSB”), which allows the Company to draw borrowings up to US$100,000for business
purposes. In March 2020, the facility was extended to December 3, 2025 and allows the Company to draw borrowings up to US$199,547for
business purposes, at an interest rate of4% per annum, and the outstanding principal and interest accrued thereon of this facility shall
be repaid by 60 equal monthly instalments since April 12, 2020. This facility was guaranteed by Ms. Nona Lim and Mr. Derek Kennedy. As
of July 1, 2023 (the acquisition date), US$125,051(equivalent to RMB871,518) was repaid, the outstanding long-term bank borrowings balance
repayable within the next twelve months amount of US$41,911(equivalent to RMB302,838) was classified as “current portion of long-term
bank borrowings” on consolidated balance sheets, the remaining outstanding long-term bank borrowings balance was US$32,585(equivalent
to RMB235,451). US$20,741(equivalent to RMB146,112) was repaid in the second half of 2023. As of December 31, 2023, the outstanding long-term
bank borrowings balance repayable within the next twelve months amount of US$42,770(equivalent to RMB302,928) was classified as “current
portion of long-term bank borrowings” on consolidated balance sheets