Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 290

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 290
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 the PRC
income tax at a rate of25%.

Dividends paid to non-PRC-resident corporate investor
from profits earned by the PRC subsidiaries after January 1, 2008 would be subject to a withholding tax. The EIT law and its relevant
regulations impose a withholding tax at10%, unless reduced by a tax treaty or agreement, for dividends distributed by a PRC-resident
enterprise to its non-PRC-resident corporate investor for earnings generated beginning on January 1, 2008.

F-89

23. INCOME TAX(cont.)

As of December 31, 2022, 2023 and 2024, there
were no retained earnings from consolidated level of all the PRC subsidiaries. And thus, the Company has not provided for deferred tax
liabilities on undistributed earnings.

The Company’s loss before income taxes by
jurisdiction consisted of:

                        For the Years Ended                                                                               
                        December 31,                                                                                      
                        2022                                        2023                         2024                     
                        RMB                                         RMB                          RMB                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Chinese mainland                                 ( 5,321,124                 ( 26,949,379                   19,018,092  
  Hong Kong                                        ( 9,743,991                 ( 22,030,473                 ( 19,952,560  
  Cayman Islands                                 ( 104,067,740                ( 101,652,195                ( 102,862,712  
  United states                                              -                  ( 6,338,875                 ( 46,050,241  
  Total                                          ( 119,132,855                ( 156,970,922                ( 149,847,421  

For the years ended December 31, 2022,
2023 and 2024, the current income tax expense and deferred income tax expense/(benefit) which are included in the consolidated financial
statements are as follows:

                                      For the Years Ended                                                                       
                                      December 31,                                                                              
                                      2022                                    2023                       2024                   
                                      RMB                                     RMB                        RMB                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current tax expense                                          3,717,490                  6,260,574                 12,317,379  
  Deferred tax expense/(