Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 301

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 301
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 investment in PFI Foods was written down to its fair value and the difference of RMB22,705,285, RMB7,934,161 and RMB5,645,887 between its fair value and the carrying value as of December 31, 2022, 2023 and 2024 was included in “impairment loss for equity investments accounted for using measurement alternative” in the consolidated statements of operations and comprehensive loss for the years ended 2022, 2023 and 2024, respectively. On May 26, 2022, the Company purchased 431 series seed preferred shares from Good Food Technologies (Cayman) Limited (“Good Food”) for a cash consideration of US$0.1million (equivalent to RMB0.7 million), for 1.43% equity interests. The Company does not have significant influence over Good Food and elected to measure the equity investment without a readily determinable fair value at cost adjusted for changes resulting from impairments, if any, and observable price changes in orderly transactions for the identical or similar securities of the same issuer. As of December 31, 2022 and 2023, the Company made a qualitative assessment and considered there were impairment indicators that investment in Good Food was impaired as of December 31, 2023, as it suffered significant loss and the net liabilities amounting to approximately RMB13.6 million. As a result, the investment in Good Food was written down to nil as of December 31, 2023. F-44

DDC ENTERPRISE LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 9. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, as of December 31, 2023 and 2024 consisted of the following:

|                                |     | As of December 31, |   |     |            |   |
|                                |     |               2023 |   |     |       2024 |   |
|                                |     |                RMB |   |     |        RMB |   |
| Electronic equipment           |     |          3,403,193 |   |     |   3105,645 |   |
| Office equipment and other     |     |          4,241,801 |   |     |  4,272,163 |   |
| Operating equipment            |     |            335,758 |   |     |    340,768