Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 334

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 334
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 recorded at fair value option was RMB7,082,700 (US$1,000,000) and nil as of December 31, 2023 and 2024 respectively. The amount of the fair value carrying amount over and under the aggregate unpaid principal balance was RMB187,337 (US$26,450) and nil as of December 31, 2023 and 2024, respectively. (iv)The aggregate unpaid principal balances of December 2024 Convertible Loans which was recorded at fair value option was RMB8,678,280 (US$1,207,262) as of December 31, 2024. The amount of the fair value carrying amount under the aggregate unpaid principal balance was RMB26,751 (US$3,665) as of December 31, 2024.

F-69 DDC ENTERPRISE LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 18. ORDINARY SHARES The Company was incorporated in April 2012. As of January 1, 2022, the number of Company’s authorized Class A ordinary shares were 55,248,154 with par value of US$0.016 per share; and the number of Class A ordinary shares issued and outstanding was 5,276,663. In June 2022, two of the share options holders exercised their share options into 361,614 Class A ordinary shares (note 20). As of December 31, 2022, the number of Company’s authorized Class A ordinary shares were 55,248,154 with par value of US$0.016 per share; and the number of Class A ordinary shares issued and outstanding was 5,638,277. In October 2023, one of the Company’s registered shareholders surrendered 180,807 Class A ordinary shares and were issued the same number of share options at nominal exercise price which are only exercisable upon the completion of the Company’s qualified IPO (note 20). In November 2023, in connection with the initial public offering completed, the Company: (1)Issued 3,900,000 Class A ordinary shares for US$33.1 million. The Company received net amount of US$30.0 million in total after deducting underwriting discounts, commissions and other offering expenses payable for the amount of US$3.1 million (2)All of Redeemable Convertible Preferred Shares were converted into 4,507,844 Class A ordinary