Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 259

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 259
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 this facility shall be repaid by 24 equal monthly instalments,
commencing 13 months after the drawdown date. This facility was guaranteed by Mr. Samuel Derk Shuen Lim. HK$488,138(equivalent to RMB400,341),
HK$1,818,021(equivalent to RMB1,568,589) and HK$1,693,841(equivalent to RMB1,523,779) were repaid in 2021, 2022 and 2023, respectively.
As of December 31, 2022, the remaining outstanding long-term bank borrowings and interest balance repayable amounted to HK$1,693,841(equivalent
to RMB1,513,057) was all classified as “current portion of long-term bank borrowings” on the consolidated balance sheets.
The borrowing was fully repaid by December 31, 2023.

In June 2021, the Company entered into an eight-year term facility
with BOC, which allows the Company to draw borrowings up to HK$2.0million for general working capital purposes. HK$2.0million was drawn
from this facility in June 2021 and would mature in June 2029, at an interest rate of2.75% per annum, and the outstanding principal and
interest accrued thereon of this facility shall be repaid by 84 equal monthly instalments, commencing 13 months after the drawdown date.
This facility was guaranteed by Mr. Samuel Derk Shuen Lim. HK$107,945(equivalent to RMB93,135) was repaid in 2022. As of December 31,
2022, the outstanding long-term bank borrowings balance repayable within the next twelve months amount of HK$265,757(equivalent to RMB237,392)
was classified as “current portion of long-term bank borrowings” on the consolidated balance sheets, the remaining outstanding
long-term bank borrowings balance was HK$1,626,298(equivalent to RMB1,452,724). HK$260,081(equivalent to RMB233,969) was repaid in 2023.
As of December 31, 2023, the outstanding long-term bank borrowings balance repayable within the next twelve months amount of HK$273,036(equivalent to RMB247,425) was classified as “current portion of long-term bank borrowings”