Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 122

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 122
---
 long-term bank borrowings” on the consolidated
balance sheets, the remaining outstanding long-term bank borrowings balance was HK$1,083,004 (equivalent to RMB1,002,862).

In September 2023, the Company
entered into a ten-year term facility with Nanyang Commercial Bank (“ NCB”), which allows the Company to draw borrowings up
to HK$4,550,000 for general working capital purposes. HK$4,550,000 (equivalent to RMB4,123,210 as of December 31, 2023) was drawn from
this facility in October 2023 and would mature in October 2033, at an interest rate of 3.625% per annum, and the outstanding principal
and interest accrued thereon of this facility shall be repaid by 120 equal monthly instalments, commencing 1 months after the drawdown
date. This facility was guaranteed by Mr. Samuel Derk Shuen Lim, Mr. Lin Kai Hang, Mr. Sio Ieng Kit, Mr. Tang Wai Cheung and Ms. Norma
Ka Yin Chu for each guaranteed amount of HK$4,550,000. HK$63,048 (equivalent to RMB57,613) and HK$387,514 (equivalent to RMB358,838)
was repaid in 2023and 2024. As of December 31, 2023, the outstanding long-term bank borrowings balance repayable within the next twelve
months amount of HK$386,413 (equivalent to RMB350,168) was classified as “current portion of long-term bank borrowings” on
consolidated balance sheets, the remaining outstanding long- term bank borrowings balance was HK$4,100,539 (equivalent to RMB3,715,908).
As of December 31, 2024, the outstanding long-term bank borrowings balance repayable within the next twelve months amount of HK$387,514
(equivalent to RMB358,838) was classified as “current portion of long-term bank borrowings” on consolidated balance sheets,
the remaining outstanding long- term bank borrowings balance was HK$3,711,924 (equivalent to RMB3,437,242).

The aggregate maturities of the above long-term bank borrowings for
each year subsequent to December 31, 2024 are as follows:

  For the Year Ending December