Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 267

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 267
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2029 and thereafter                     -            1,314,754  
  Total undiscounted ease payments        148,131      7,428,692  
  Less: imputed interest                  ( 7,410      ( 792,818  
  Present value of lease liabilities      140,721      6,635,874  

Supplemental cash flow information related to
leases is as follows:

                                                                                                       As of December 31,                                          
                                                                                                       2022                                   2023                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                       RMB                                    RMB                  
  Cash paid for amounts included in the measurement of lease liabilities                                                                                           
  Operating cash flows for operating leases                                                                                    3,228,307                2,423,083  
  Operating cash outflows from finance leases (interest payments)                                                              -                            7,158  
  Financing cash outflows from finance leases                                                                                  -                           58,933  
  Non-cash information on lease liabilities arising from obtaining ROU assets                                                                                      
  - Operating leases                                                                                                           742                      2,423,082  
  Non-cash information on lease liabilities and ROU assets derecognized for termination of leases                                                                  
  - Operating leases                                                                                                           3,436,448                        -  

The total amounts for subleases income included
in other income were RMB0.5million and RMB nilfor the years ended December 31, 2022 and 2023, respectively.

As of December 31, 2023, the Company has no significant
lease contract that has been entered into but not yet commenced.

F-67

16. BUSINESS COMBINATION

Mengwei Stores

On January 12, 2021, SH DDC entered into a purchase
agreement (the “ SPA”) with Mr. Liao Xuefeng and three entities controlled by Mr. Liao Xuefeng, which are Chongqing Meng Wei
Technology Co., Ltd., Chongqing Yizhichan Leisure Food E-commerce Service Department and Chongqing Wei Bang Internet Technology Co., Ltd.
(“the Sellers”), to acquire a number of online stores (“collectively referred to as Mengwei Stores”). Mengwei
Stores are principally engaged in online sales of self-heated hotpots. The Company further entered into a store operation agreement (“ Store
Operation Agreement”) with the Sellers on the same date