Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 249

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 249
---
ization           Amount          
                                                        Amount                                             
                                                           RMB               RMB              RMB          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────
  Franchise agreement - Yunmao                      19,900,000       ( 8,894,697                -      11  
  Customer relationship - YJW                        2,300,000         ( 520,239        1,779,761       7  
  Customer relationship - KeKe                       1,000,000         ( 226,190          773,810       7  
  Customer relationship - Lishang                    1,500,000         ( 500,000        1,000,000       5  
  Customer relationship - Lin’s                        339,470         ( 130,132          209,338       5  
  Brand name - Lin’s                                   213,096          ( 81,691          131,405       5  
  Customer relationship -Yuli                        2,400,000         ( 300,000        2,100,000       4  
  Brand name - Cook SF                               3,612,900         ( 180,645        3,432,255      10  
  Total                                             31,265,466      ( 10,833,594        9,426,569          

F-55

10. INTANGIBLE ASSETS, NET(cont.)

Franchise agreement - Yunmao was
generated from the acquisition of Yunmao in 2019, representing the right granted to the acquired business to distribute certain branded
products of the franchiser. In December 2023, the Company terminated the franchise agreement of Yumao according to the business model
of the Company changed.

Franchise agreement - Mengwei
was generated from the acquisition of Mengwei Stores in 2021, representing the right granted to the Company to distribute certain branded
products through Mengwei Stores acquired (note 16). Franchise agreement - Mengwei was fully amortized as of December 31, 2022 and
was terminated in connection with the termination of the VIE agreements with Mengwei stores on August 19, 2023 (note 1).

Customer relationship - YJW was generated
from the acquisition of YJW in 2022, representing the expected future benefit to be derived from the customer contracts, customer list
and underlying customer relationship acquired from