Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 244

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 244
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 of goodwill by reporting units are as follows:

  Balance as of January 1, 2023                              18,769,688  
  Additions                                                  29,865,098  
  Decrease due to deconsolidation of Mengwei                ( 1,635,431  
  Impairment for goodwill of Cook SF                        ( 6,592,220  
  Balance as of December 31, 2023 and January 1, 2024        40,407,135  
  Additions                                                  54,164,199  
  Impairment for goodwill of Cook SF                       ( 19,776,660  
  Impairment for goodwill of Lin                            ( 3,399,342  
  Impairment for goodwill of Lishang                        ( 3,212,770  
  Impairment for goodwill of Yuli                           ( 3,496,218  
  Impairment for goodwill of Yai’s Thai                    ( 32,498,519  
  Impairment for goodwill of Yunmao                         ( 5,549,118  
  Balance as December 31, 2024                               26,638,707  

The movement of the impairment for goodwill is
as follows:

                                            For the Years Ended                                                         
                                            December 31,                                                                
                                            2022                     2023                       2024                    
                                            RMB                      RMB                        RMB                     
  Balance at the beginning of the year                                         -                           ( 6,592,220  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current period provision                                                     ( 6,592,220                ( 67,932,627  
  Balance at the end of the year                                               ( 6,592,220                ( 74,524,847  

Goodwill is not amortized and has been assigned
to reporting units for purposes of impairment testing. Our reporting units are our individual operating segments.

The Company performed the impairment test for
the goodwill and concluded that the impairment for goodwill of Cook SF, Lin, Lishang, Yuli, Yai’s Thai and Yunmao were noted as
December 31, 2024. The impairment for the goodwill as of December 31, 2023 and 2024 was RMB6,592,220and RMB74,524,847.

F-55

12. OTHER NON-CURRENT ASSETS

Other non-current assets consisted of