Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 248

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 248
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 Shen Zhouzhou and Mr. Guo Yujie. As of December 31, 2024, the outstanding amount was RMB3,000,000.

F-57

13. BANK BORROWINGS(cont.)

In September 2024, Lishang entered into a one-year
loan agreements with BOC, with total principal amount of RMB3,500,000and would mature in September 2025, bearing an interest rate of3.4% per annum. This facility was guaranteed by Shanghai Administration Center of Policy Financing Guarantee Funds for SMEs. As of December
31, 2024, the outstanding amount was RMB3,500,000.

In November 2024, Yuli entered into a one-year
loan agreements with ICBC, with total principal amount of RMB1,500,000and would mature in November 2025, bearing an interest rate of3.1% per annum. As of December 31, 2024, the outstanding amount was RMB1,500,000.

In December 2024, Yuli entered into a one-year
loan agreements with BOC, with total principal amount of RMB1,500,000and would mature in December 2025, bearing an interest rate of3.1%
per annum. This facility was guaranteed by Ms. Chen di, Mr. Zhang Yi and Mr. Guo Yujie. As of December 31, 2024, the outstanding amount
was RMB1,500,000.

The weighted average interest rate for short-term
borrowings as of December 31, 2023 and 2024 were approximately4.3% and3.7%, respectively.

Long-term bank borrowings

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$260,081(equivalent to RMB233,969) was repaid in 2023. As