Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 304

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 304
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 2023 respectively. The amount ...  
           was RMB 2,852,557 (US$ 409,579) and RMB nil as of December 31, 2022 and 2023, respectively.                                                                                                           
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  (ii)      The                                                                                                                                              
            aggregate unpaid principal balances of December 2022 Convertible Loan which was recorded at fair value option was RMB 6,964,600 (US$ 1,000,000)  
            and RMB 7,082,700 (US$ 1,000,000) as of December 31, 2022 and 2023 respectively. The amount of the fair value carrying amount over and           
            under the aggregate unpaid principal balance was RMB 953,537 (US$ 136,912) and RMB 187,337 (US$ 26,450) as of December 31, 2022 and 2023,        
            respectively.                                                                                                                                    
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  (iii)      The aggregate unpaid principal balances of August 2022 Convertible                                                                        
             Loan which was recorded at fair value option was RMB 3,482,300 (US$ 500,000) and RMB 3,541,350 (US$ 500,000) as of December 31, 2022 and  
             2023 respectively. The amount of the fair value carrying amount over the aggregate unpaid principal balance was RMB 415,306 (US$ 59,631)  
             and RMB 377,742 (US$ 53,333) as of December 31, 2022 and 2023, respectively.                                                              
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  (iv)      The aggregate unpaid principal balances of May& June 2023                                                                                  

F-92

19. ORDINARY SHARES

The Company was incorporated in April 2012. As of January 1, 2022,
the number of Company’s authorized Class A ordinary shares were55,248,154with par value of US$0.016per share; and the number
of Class A ordinary shares issued and outstanding was5,