Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 257

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 257
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,000and would mature in March 2024, bearing
an interest rate of3.65% per annum. This facility was guaranteed by Ms. Norma Ka Yin Chu and a subsidiary of the Company. As of December
31, 2023, the outstanding amount was RMB6,000,000. The borrowing was fully repaid in March 2024.

Yuli, a subsidiary acquired by the Company on July 1, 2023, entered
into six-month loan agreements with ICBC in February 2023, with total principal amount of RMB273,000and would mature in August 2023,
bearing an interest rate of4.10% per annum. The borrowing was fully repaid in August 2023.

In December 2021, Yuli entered into a one-year credit facility agreement
with BOC, which allows the Company to draw borrowings up to RMB2.0million for general working capital purposes. RMB2.0million was drawn
down from this facility in December 2022 and would mature in December 2023, which bore an interest rate of3.65% per annum. This facility
was guaranteed by Ms. Chen di, Mr. Guo Yujie, Mr. Zhang Yi and pledged by the real estate of Mr. Zhang Yi. The borrowing was fully repaid
in December 2023.

In June 2023, Yuli entered into six-month loan agreements with ICBC,
with total principal amount of RMB2,000,000and would mature in December 2023, bearing an interest rate of3.85% per annum. The borrowing
was fully repaid in December 2023.

In July 2023, the Company entered into a one-year loan agreement with
CNCB for general working capital purposes, with total principal amount of RMB7,000,000and would mature in July 2024, bearing an interest
rate of4.35% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As of December 31, 2023, the outstanding amount was RMB7,000,000.

In September 2023, Lishang entered into a one-year loan agreements
with Zhejiang Tailong Commercial Bank (“ Tailong Bank”), with total principal amount of RMB3,000,000and would mature in September
2024, bearing an interest rate of4.0% per annum. This facility was guaranteed by Ms