Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 328

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 328
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600and USD$114,000(aggregate
equivalent to RMB1,803,363) was still outstanding as of December 31, 2023.

In October 2023, the Company borrowed an interest-free
loan of HKD$225,000(equivalent to RMB206,505) from Ms. Katherine Shuk Kwan Lui, the loan was fully repaid in November 2023.

F-112

28. RELATED PARTY TRANSACTIONS(cont.)

Guarantees provided by related parties

In September 2020, Mr. Samuel Lim Derk
Shuen provided a guarantee for free for a three-year term loan of HK$4,000,000(equivalent to RMB3,362,716) borrowed by the Company.

In June 2021, Mr. Samuel Derk Shuen
Lim provided a guarantee for free for an eight-year term loan of HK$2,000,000(equivalent to RMB1,629,884) borrowed by the Company.

In September 2021, Ms. Norma Ka Yin Chu and Mr.
Samuel Derk Shuen Lim provided a guarantee amount of US$10.0million for a six-month loan of US$5.0million (equivalent to RMB32,251,500)
borrowed by the Company.

In December 2021, Ms. Norma Ka Yin Chu and Mr.
Samuel Derk Shuen Lim provided a guarantee amount of US$6.0million for a one-month loan of US$2.0million (equivalent to RMB1,290,600)
borrowed by the Company.

In March 2023, Ms. Norma Ka Yin Chu provided a
guarantee for free for a one-year loan of RMB6.0million borrowed by the Company.

In September 2023, Ms. Norma Ka Yin Chu and Mr.
Samuel Derk Shuen Lim and other three individuals each provided a guarantee amount of HK$4,550,000for a ten-year loan of HK$4,550,000(equivalent to RMB4,123,210) borrowed by the Company.

Related party balances

The outstanding balances mainly arising from the
above transactions as of December 31, 2022 and 2023 are as follows:

                                                  As of December 31,                                            
                                                  2022                                    2023                  
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