Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 124

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 5
Chunk 124
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 an interest rate of LIBOR+3.5% per annum. This loan was fully repaid in July 2023. As of December 31, 2022, the outstanding loan
amounted to US$335,260 (equivalent to RMB2,334,952). The unused credit limit under this facility was US$4.0 million as of December 31,
2022 and 2023, respectively.

In July 2022, the Company
entered into a one-year loan agreement with China Citic Bank (“ CNCB”) for general working capital purposes, with total principal
amount of RMB8,000,000 bearing an interest rate of 4.35% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As of December
31, 2022, the outstanding amount was RMB8,000,000. The borrowing was fully repaid in July 2023.

In December 2022, the Company entered into a one-year
loan agreement with Industrial Bank Co., Ltd. (“ CIB”) for general working capital purposes, with total principal amount of
RMB5,000,000 bearing an interest rate of 4.1% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As of December 31, 2022, the
outstanding amount was RMB5,000,000. The borrowing was fully repaid in December 2023.

In March 2023, the Company
entered into a one-year loan agreement with Bank of Beijing for general working capital purposes, with total principal amount of RMB6,000,000
bearing an interest rate of 3.65% per annum. This facility was guaranteed by Ms. Norma Ka Yin Chu and a subsidiary of the Company. As
of December 31, 2023, the outstanding amount was RMB6,000,000. The borrowing was fully repaid in March 2024.

In July 2023, the Company
entered into a one-year loan agreement with CNCB for general working capital purposes, with total principal amount of RMB7,000,000 bearing
an interest rate of 4.35% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As of December 31, 2023, the outstanding amount
was RMB7,000,000.

The weighted average interest
rate for short-term borrowings as of December 31, 2021,