Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 121

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 121
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 interest rate of
3.1% 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 RMB1,500,000 and would mature in December 2025, bearing an interest rate of 3.1%
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, 2022, 2023 and 2024 were approximately 5.3%, 4.3% and 3.7%, respectively.

Significant 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$2.0 million for general working capital purposes. HK$2.0
million was drawn from this facility in June 2021 and would mature in June 2029, at an interest rate of 2.75% 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
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