VV Food & Beverage guarantees CNY 96m for subsidiary

VV Food & Beverage (SSE:600300) announced that it has provided a guarantee of up to CNY 96 million for VV International Trade, a wholly-owned subsidiary. The guarantee was formalized through an agreement with the Bank of Communications' Xuzhou branch on June 10, 2025, with the guarantee period extending three years beyond the debt's maturity. As of the announcement date, the total guarantee amount provided by VV Food & Beverage to VV International Trade reached CNY 150 million. The guarantee was approved at the company's 2024 annual shareholders' meeting, falling within the previously approved 2025 guarantee limit of CNY 1.45 billion. The total amount of external guarantees by VV Food & Beverage and its holding subsidiaries stands at CNY 32.6 million, representing 9.35% of the latest audited net assets.