Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 254

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 254
---
 to the present value of its operating lease payments, including rental
payments for lease renewal options the Company is reasonably certain to exercise:

  For the Years Ending December 31,       Finance      Operating  
                                          Lease            Lease  
 ──────────────────────────────────────────────────────────────────
                                          RMB                RMB  
  2025                                    30,068       2,223,594  
  2026                                    -            1,423,308  
  2027                                    -              535,030  
  2028                                    -              544,114  
  2029                                    -              424,114  
  2030 and thereafter                     -              890,640  
  Total undiscounted ease payments        30,068       6,040,800  
  Less: imputed interest                  ( 221        ( 418,195  
  Present value of lease liabilities      29,847       5,622,605  

Supplemental cash flow information related to
leases is as follows:

                                                                                                       As of December 31,                                          
                                                                                                       2023                                   2024                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                       RMB                                    RMB                  
  Cash paid for amounts included in the measurement of lease liabilities                                                                                           
  Operating cash flows for operating leases                                                                                    2,423,083                2,469.045  
  Operating cash outflows from finance leases (interest payments)                                                                  7,158                    7,227  
  Financing cash outflows from finance leases                                                                                     58,933                  119,074  
  Non-cash information on lease liabilities arising from obtaining ROU assets                                                                                      
  - Operating leases                                                                                                           2,423,082                1,612,783  
  Non-cash information on lease liabilities and ROU assets derecognized for termination of leases                                                                  
  - Operating leases                                                                                                                   -                  145,523  

The total amounts for subleases income included
in other income were nilfor the years ended December 31, 2023 and 2024, respectively.

As of December 31, 2024, the Company has no significant
lease contract that has been entered into but not yet commenced.

F-62

16. BUSINESS COMBINATION

Mengwei Stores

On January 12, 2021, SH DDC entered into a purchase
agreement