Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 327

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 327
---
MB7,146,160) and HK$7,181,227(equivalent to RMB6,507,772) were outstanding as of December 31, 2022 and 2023, respectively.

In August 2022, the Company borrowed an interest-free
loan of HK$910,000(equivalent to RMB791,849) from Ms. Norma Ka Yin Chu and the loan was fully repaid in November 2023.

In September 2022, the Company borrowed an interest-free
loan of RMB80,000from Ms. Norma Ka Yin Chu, the Company repaid RMB43,000in December 2022. Loan of RMB37,000was still outstanding as
of December 31, 2022 and 2023, respectively.

In September 2022, the Company borrowed an interest-free
loan of RMB80,000from Ms. Norma Ka Yin Chu, the Company repaid RMB43,000in December 2022. Loan of RMB37,000was still outstanding as
of December 31, 2022 and 2023, respectively.

In October 2022, the Company borrowed HK$1,800,000(equivalent to RMB1,627,866) with an interest rate of2% per annum from Ms. Norma Ka Yin Chu and the loan was fully repaid in 2023.

In December 2022, the Company borrowed HK$200,000(equivalent to RMB179,460) with an interest rate of5% per annum from Ms. Katherine Shuk Kwan Lui and the loan was fully repaid in February
2023.

In May 2023, the Company borrowed HK$1,200,000(equivalent to RMB1,065,600) with an interest rate of2% per annum from Ms. Norma Ka Yin Chu and the loan was fully repaid in 2023.

In July 2023, the Company borrowed three interest-free
loans of HK$903,980(equivalent to RMB832,249), HK$678,857(equivalent to RMB625,702) and US$114,000(equivalent to RMB822,590) from Ms.
Norma Ka Yin Chu and the Company repaid HK$486,237(equivalent to RMB444,177) in November 2023. Loan of HK$1,096,