Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 261

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 261
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 The outstanding principal thereon of this loan shall be repaid by 24 equal monthly instalments.
RMB8,336and RMB85,031were repaid in 2022 and 2023, respectively. As of December 31, 2022 and 2023, the outstanding long-term bank
borrowings and interest balance repayable within the next twelve months amounted to RMB85,031andRMB76,694were classified as
“current portion of long-term bank borrowings” on the consolidated balance sheets. The remaining outstanding long-term
bank borrowings and interest balance was RMB76,694and RMB nilas of December 31, 2022 and 2023, respectively.

In November 2022, the Company entered into a two-year
loan agreement with Wuxi Xishang Bank for general working capital purposes, with total principal amount of RMB600,000bearing an interest
rate of17.1% per annum. The outstanding principal thereon of this loan shall be repaid by 24 equal monthly instalments. RMB600,000was
early repaid in 2022.

In June 2023, the Company entered into a two-year loan agreement with
WeBank for general working capital purposes, with total principal amount of RMB330,000and would mature in June 2025, bearing an interest
rate of9.72% per annum. This loan was guaranteed by Mr. Ding Lichun. The outstanding principal thereon of this loan shall be repaid by
24 equal monthly instalments. RMB47,143was repaid in 2023. As of December 31, 2023, the outstanding long-term bank borrowings and interest
balance repayable within the next twelve months amounted to RMB188,571was classified as “current portion of long-term bank borrowings”
on the consolidated balance sheets. The remaining outstanding long-term bank borrowings and interest balance was RMB94,286.

In July 2023, the Company entered into a two-year loan agreement with
WeBank for general working capital purposes, with total principal amount of RMB1,200,000and would mature in July 2025, bearing an interest
rate of12.24% per annum. The outstanding principal thereon of this loan shall be repaid by 24 equal monthly instalments. RMB114,286was
repaid in 2023. As of December 31, 2023