Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 245

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 245
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 the following:

                                                                           As of December 31,                                            
                                                                           2023                                    2024                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                           RMB                                     RMB                   
  Account receivables of collaborative arrangement- non-current                                       622,347                1,811,146   
  Prepayments and other receivables due from YJW and KeKe-non-current                              36,004,491                54,508,401  
  Receivables of supplier rebates-non-current                                                         401,210                -           
  Prepaid consideration for potential acquisitions                                                  4,031,676                -           
  Long-term deposits                                                                                2,090,405                -           
  Total                                                                                            43,150,129                56,319,547  

13. BANK BORROWINGS

                                  As of December 31,                                            
                                  2023                                    2024                  
 ────────────────────────────────────────────────────────────────────────────────────────────────
                                  RMB                                     RMB                   
  Short-term bank borrowings                              19,500,000                50,500,000  

                                                          As of December 31,                                            
                                                          2023                                     2024                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                          RMB                                      RMB                  
  Long-term bank borrowings                                                         7,512,629                5,256,098  
  Less: Current portion of long-term bank borrowings                              ( 1,993,168                ( 792,548  
  Long-term borrowings, excluding current portion                                   5,519,461                4,463,550  

F-56

13. BANK BORROWINGS(cont.)

Short-term bank borrowings

In March 2023, the Company entered into a one-year
loan agreement with Bank of Beijing for general working capital purposes, with total principal amount of RMB6,000,000and would mature
in March 2024, bearing an interest rate of3.65% per annum. This facility was guaranteed by Ms. Norma Ka Yin Chu and a subsidiary of the
Company. As of December 31, 2023, the outstanding amount was RMB6,000,000. The borrowing was fully repaid in March 2024.

In July 2023, the Company entered into a one-year
loan agreement with CNCB for general working capital purposes