Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 149

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 149
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 financial covenants that restrict our operations and our ability to pay dividends to our shareholders. We also utilize short -termand long -termbanking facilities to fund our listing expenses, and to manage our working capital requirements. Short -termbanking facilities are mainly drawn from financial institutions such as Bank of Beijing (“BOB”) and Bank of Shanghai (“BOS”), while we utilize long -termbanking facilities from Bank of China (“BOC”) and Nanyang Commercial Bank (“NCB”). As at June30, 2025, short -termbank loans amount to RMB47.4million (US$6.7million), current portion of long -termbank loans amount to RMB0.5million (US$0.1million), and long -termbank loans amount to RMB4.5million (US$0.6million). As at December 31, 2024, short -termbank loans amount to RMB50.5 million (US$6.9 million), current portion of long -termbank loans amount 89 to RMB0.8 million (US$0.1 million), and long -termbank loans amount to RMB4.5 million (US$0.6 million). As at December 31, 2023, short -termbank loans amount to RMB19.5 million, current portion of long -termbank loans amount to RMB2.0 million, and long -termbank loans amount to RMB5.5 million. Significant short-term bank borrowings In March 2023, the Company entered into a one -yearloan agreement with Bank of Beijing for general working capital purposes, with total principal amount of RMB6,000,000 and would mature in March 2024, bearing an interest rate of 3.65% 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. In July 2023, the Company entered into a one -yearloan agreement with CNCB for general working capital purposes, with total principal amount of RMB7,000,000 and would mature in July 2024, bearing an interest rate of 4.35% per annum. This facility was guaranteed by Ms. Wang Xiaoxiao. As