Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 325

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 325
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3, respectively.

In July 2021, the Company borrowed HK$2,000,000(equivalent to RMB1,683,280) with an interest rate of5% per annum, another HK$900,000(equivalent to RMB757,476) with an interest rate
of5% per annum from Mr. Samuel Derk Shuen Lim. Both loans were fully repaid in October 2021.

In August 2021, the Company borrowed HK$1,766,215(equivalent to RMB1,447,717) with an interest rate of3% per annum from Ms. Norma Ka Yin Chu. The Company repaid HK$200,000(equivalent
to RMB163,934) in October 2021, HK$20,000(equivalent to RMB16,254) in April 2022, HK$200,000(equivalent to RMB171,040) in June 2022,
HK$30,000(equivalent to RMB27,000) in September 2022, HK$500,000(equivalent to RMB456,200) in November 2023 and HKD$816,215(equivalent
to RMB741,939) in December 2023. Loan of HK$1,316,215(equivalent to RMB1,175,735) was outstanding as of December 31, 2022, the loan was
fully repaid as of December 31, 2023.

In August 2021, the Company borrowed US$512,448(equivalent to RMB3,267,213) with an interest rate of5% per annum from Mr. Samuel Derk Shuen Lim and the loan was outstanding as of December 31,
2022 and 2023, repectively.

In October 2021, the Company borrowed HK$3,900,000(equivalent to RMB3,198,000) with an interest rate of5% per annum from Mr. Samuel Derk Shuen Lim. The loan was fully repaid in October
2021.

In November 2021, the Company borrowed RMB2,135,543with an interest rate of3% per annum from Mr. Samuel Derk Shuen Lim and this loan payable was outstanding as of December 31, 2022
and 2023.

In November 2021, the Company borrowed RMB1,