Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 242

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 242
---
810                 -      1,451,190         7  
  Customer relationship - KeKe                         1,000,000         ( 369,047                 -      630,953           7  
  Customer relationship - Lishang                      1,500,000         ( 800,000         ( 700,000      -                 5  
  Customer relationship - Lin’s                          339,470         ( 198,026         ( 141,444      -                 5  
  Brand name - Lin’s                                     213,096         ( 124,310          ( 88,786      -                 5  
  Customer relationship -Yuli                          2,400,000         ( 900,000       ( 1,500,000      -                 4  
  Brand name - Cook SF                                 3,612,900         ( 541,935       ( 3,070,965      -                10  
  Brand name – Yai’s Thai                                884,173         ( 279,480         ( 362,816      241,877         2.9  
  Customer relationship -Yai’s Thai                   23,613,894       ( 2,186,472      ( 12,856,453      8,570,969       9.9  
  Total                                               35,863,533       ( 6,248,080      ( 18,720,464      10,894,989           

F-53

10. INTANGIBLE ASSETS, NET(cont.)

Customer relationship - YJW was generated
from the acquisition of YJW in 2022, representing the expected future benefit to be derived from the customer contracts, customer list
and underlying customer relationship acquired from YJW (note 16).

Customer relationship - Keke was generated
from the acquisition of Keke in 2022, representing the expected future benefit to be derived from the customer contracts, customer list
and underlying customer relationship acquired from Keke (note 16).

Customer relationship - Lishang was
generated from the acquisition of Lishang in 2022, representing the expected future benefit to be derived from the customer contracts,
customer list and underlying customer relationship through Lishang acquired (note 16).

Customer relationship - Lin’s
was generated from the acquisition of Lin’s in 2022, representing the expected future benefit to be derived from the customer contracts,
customer list