Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 299

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 299
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 the Company accrues the minimum amount. The Company expenses legal costs, including those expected to be incurred in connection
with a loss contingency, as incurred.

As of December 31, 2024, the Company was involved
in various claims and legal actions arising in the ordinary course of business.

The express service contract dispute between
the Company and Yiwu YuanCang Express Co., Ltd. (“ YuanCang”) had been mediated and concluded on July 17, 2024. According to
the mediation agreement, the Company was required to pay a total of RMB0.4million service fees to YuanCang.

The Company was involved in a loan contract dispute
case with an individual, Ms. Yin on June 13, 2024. Ms. Yin requested the Company to repay the loan principal of RMB1.0million and the
corresponding interest. The case was adjudicated on April 14, 2025 that the Company needs to repay all the principal and interest.

The Company was involved in a loan contract dispute
case with another individual, Ms. Pan and the case had been mediated and concluded on February 21, 2025. According to the mediation agreement,
the Company was required to pay loan principal of RMB7.0million and the corresponding interest.

As of December 31, 2024, RMB8.7million was estimated to be probable
to be paid and was included in “ Accrued expenses and other current liabilities” in the consolidated balance sheet. In the
opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated
financial position, results of operations, or liquidity.

27. RELATED PARTY TRANSACTIONS

Related party transactions

During the years ended December 31,
2022, 2023 and 2024, the related parties of the Company are as follows:

  Name of parties                  Relationship                                  
  Ms. Norma Ka Yin Chu             Founder, Chairman of the board                
  Ms. Katherine Shuk Kwan Lui      Ex-Chief Financial Officer                    
  Mr. Samuel Derk Shuen Lim        Spouse of the Founder, shareholder of Voodoo  
  Mr. Chu Siu Wo                   Founder’s Parent                              

F-98

27. RELATED PARTY TRANSACTIONS(cont.)

During the years ended December 31,
2023 and 2024, the Company entered into the following related party transactions with related parties.

                                                             For the Years Ended