Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 303

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 303
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 was generated from the acquisition of Yai’s Thai in 2024, representing the right granted to the Company to use the brand name through Yai’s Thai acquired (note 16). Customer relationship — Yai’s Thai was generated from the acquisition of Yai’s Thai in 2024, representing the expected future benefit to be derived from the customer contracts, customer list and underlying customer relationship through Yai’s Thai acquired (note 16). Amortization expenses for intangible assets recognized as general and administrative expenses were RMB3,118,734, RMB3,020,920 and RMB4,309,183 for the years ended December 31, 2022, 2023 and 2024, respectively. Impairment for intangible assets recognized as general and administrative expenses were nil, nil and RMB18,720,464 for the years ended December 31, 2022, 2023 and 2024, respectively.

F-46

DDC ENTERPRISE LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10. INTANGIBLE ASSETS, NET (cont.) As of December 31, 2024, the estimated amortization expense for the next five years is as follows:

| For the Years Ending December 31, |     |       RMB |
| 2025                              |     | 1,547,480 |
| 2026                              |     | 1,545,447 |
| 2027                              |     | 1,425,525 |
| 2028                              |     | 1,425,525 |
| 2029                              |     |   954,097 |
| 2030 and thereafter               |     | 3,996,915 |

11. GOODWILL For the years ended December 31, 2023 and 2024, the changes in the carrying value of goodwill by reporting units are as follows:

|                                                     |     |         RMB |   |
| Balance as of January 1, 2023                       |     |  18,769,688 |   |
| Additions                                           |     |  29,865,098 |   |
| Decrease due to deconsolidation of Mengwei          |     |  (1,635,431 | ) |
| Impairment for goodwill of Cook SF                  |     |  (6,592,220 | ) |
| Balance as of December 31, 2023