Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 263

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 263
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 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, the remaining outstanding long-term bank borrowings balance
was US$10,984(equivalent to RMB77,798).

F-63

13. BANK BORROWINGS(cont.)

The aggregate maturities of the above long-term
bank borrowings for each year subsequent to December 31, 2023 are as follows:

  For the Years Ending December 31,                 
                              Total      7,512,629  
 ────────────────────────────────────────────────────
                               2024      1,993,168  
                               2025      1,275,587  
                               2026        703,499  
                               2027        703,499  
                               2028        703,499  
                2029 and thereafter      2,133,377  

14. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

                                                    As of December 31,                   
                                                                  2022             2023  
 ─────────────────────────────────────────────────────────────────────────────────────────
                                                                   RMB              RMB  
  Salary and welfare payables                                5,127,355        5,534,691  
  Payable for acquisition of Lishang and Lin**               4,568,170          880,291  
  Payable for acquisition of Yuli and Cook SF                        -        4,454,293