Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 123

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 123
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31, 2025                       792,548  
  For the Year Ending December 31, 2026                       624,734  
  For the Year Ending December 31, 2027                       624,734  
  For the Year Ending December 31, 2028                       613,011  
  For the Year Ending December 31, 2029                       487,825  
  For the Year Ending December 31, 2030 and thereafter      2,113,246  

As
a holding company with no material operations of its own, DDC Cayman conducts its operations through our operating subsidiaries established
in Hong Kong and mainland China, as well as through VIE arrangements with various Chinese entities and individuals during the year
ended December 31, 2022, and ended August 19, 2023. During the year ended December 31, 2022, we had conducted part of our operations
in China through contractual arrangements with the Weishi and City Modern VIEs. Through such contractual arrangements, we, through our
indirect wholly-owned PRC subsidiary DDC Shanghai, control and receive the economic benefits of the Weishi and City Modern VIEs without
owning any direct equity interest in them. As of April 2022, such contractual arrangements with the Weishi and City Modern VIEs have
been terminated. During the year ended December 31, 2022, and ended August 19, 2023, we had contractual agreements with Chongqing Mengwei
Technology Co., Ltd., Liao Xuefeng, Chongqing Changshou District Weibang Network Co., Ltd., Chongqing Yizhichan Snack Food Electronic
Commerce Service Department and Chongqing Ningqi E-commerce Co. Ltd. to enable us to have the ability to control a number of online stores
purchased from them since the titles of such online stores cannot be transferred to us due to the limitations from the policies of certain
online platforms. We are permitted under PRC laws and regulations to provide funding to our PRC subsidiaries in China through capital
contributions or loans, subject to the approval of government authorities and limits on the amount of capital contributions and loans.

The following table presents
the summary of our consolidated cash flows data.

                                                                                                      For the Year Ended                                                       
                                                                                                            December 31,                                                       
                                                                                                                    2022              2023              2024                   
                                                                                                                     RMB               RMB