Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 246

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 246
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, with total principal amount of RMB7,000,000and would mature in July 2024,
bearing an interest rate of4.35% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As of December 31, 2023, the outstanding
amount was RMB7,000,000. The borrowing was fully repaid in July 2024.

In September 2023, Yuli entered into a one-year
loan agreements with Zhejiang Tailong Commercial Bank (“ Tailong Bank”), with total principal amount of RMB3,000,000and would
mature in September 2024, bearing an interest rate of4.0% per annum. This facility was guaranteed by Ms. Chen di, Mr. Zhang Yi, Mr. Lin
Jianfeng, Ms. Shen Zhouzhou and Mr. Guo Yujie. As of December 31, 2023, the outstanding amount was RMB3,000,000. The borrowing was fully
repaid in September 2024.

In November 2023, Yuli entered into a one-year
credit facility agreement with BOC, which allows the Company to draw borrowings up to RMB2.0million for general working capital purposes.
RMB2,000,000was drawn down from this facility in December 2023 and would mature in December 2024, which bore an interest rate of3.05%
per annum. The facility was guaranteed by Ms. Chen di, Mr. Zhang Yi. and pledged by the real estate of Mr. Zhang Yi. As of December 31,
2023, the outstanding amount was RMB2,000,000. The borrowing was fully repaid in December 2024.

In December 2023, Yuli entered into three one-year
loan agreements with ICBC, with total principal amount of RMB1,500,000and would mature in December 2024, bearing an interest rate of4.05% per annum. As of December 31, 2023, the outstanding amount was RMB1,500,000. The borrowing was fully repaid in December 2024.

In January 2024, the Company entered into a one-year
credit facility agreement with China Merchants Bank, which allows the Company to draw borrowings up to RMB10.0million for general working
capital purposes. RMB5.0million was drawn down from this facility in February 2024 and