Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 249

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 249
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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” on the consolidated balance sheets, the remaining
outstanding long-term bank borrowings balance was HK$1,358,938(equivalent to RMB1,231,470). HK$274,485(equivalent to RMB254,173) was
repaid in 2024. As of December 31, 2024, the outstanding long-term bank borrowings balance repayable within the next twelve months amount
of HK$274,485(equivalent to RMB254,173) 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$1,083,004(equivalent to RMB1,002,862).

In September 2022, the Company entered into a
two-year loan agreement with WeBank for general working capital purposes, with total principal amount of RMB300,000and would mature
in September 2024, bearing an interest rate of17.82% 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. RMB150,000and RMB112,500were repaid in 2023 and 2024,
respectively. As of December 31, 2023, the outstanding long-term bank borrowings and interest balance repayable within the next twelve
months amounted to RMB112,500was classified as “current portion of long- term bank borrowings” on the consolidated balance
sheets and the remaining outstanding long-term bank borrowings and interest balance was nil. As of December 31, 2024, the borrowing
was fully repaid and the remaining outstanding long-term bank borrowings balance was nil.

In October 2022, RMB70,000was drawn from the
July 2022 credit facility agreement facility and would mature in October 2024, and the outstanding principal thereon of this facility
shall be repaid by 24 equal monthly instalments. RMB35,000and RMB29,167was repaid in 2023 and 2024, respectively. As of December 31,
2023