Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 250

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 250
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, balance of RMB29,167repayable within the next twelve months was classified as “current portion of long-term bank borrowings”
and the remaining outstanding long-term bank borrowings balance was nil. As of December 31, 2024, the borrowing was fully repaid and the
remaining outstanding long-term bank borrowings balance was nil.

F-58

13. BANK BORROWINGS(cont.)

From October to December 2022, the Company entered
into a number of two-year loan agreements with WeBank for general working capital purposes, with total principal amount of RMB170,062and would mature from October to December 2024, bearing an interest rate of12.96% -17.82% per annum. The loans were guaranteed by Ms.
Wang Xiaoxiao. The outstanding principal thereon of this loan shall be repaid by 24 equal monthly instalments. RMB85,031and RMB76,694were repaid in 2023 and 2024, respectively. As of December 31, 2023, the outstanding long-term bank borrowings and interest balance repayable
within the next twelve months amounted to RMB76,694were classified as “current portion of long-term bank borrowings” on the
consolidated balance sheets and the remaining outstanding long-term bank borrowings balance was nil. As of December 31, 2024, the borrowing
was fully repaid and the remaining outstanding long-term bank borrowings balance was nil.

In June 2023, the Company entered into a two-year
loan agreement with WeBank for general working capital purposes, with total principal amount of RMB330,000and would mature in June 2025,
bearing an interest rate of9.72% per annum. This loan was guaranteed by Mr. Ding Lichun. The outstanding principal thereon of this loan
shall be repaid by 24 equal monthly instalments. RMB47,143and RMB188,571were repaid in 2023 and 2024. As of December 31, 2023, the outstanding
long-term bank borrowings and interest balance repayable within the next twelve months amounted to RMB188,571was classified as “current
portion of long-term bank borrowings” on the consolidated balance sheets. The remaining outstanding long-term bank borrowings and
interest balance was RMB94,286. As of December 31, 2024, the outstanding long-term bank borrowings