VV Food & Beverage subsidiary secures CNY 5m guarantee

VV Food & Beverage (SSE:600300) has announced it will provide a guarantee for Hunan Yiqingyuan Organic Tea, a wholly-owned subsidiary of its holding company, Hunan Province Yiqingyuan Tea. The guarantee is for a maximum principal amount of CNY 5 million to secure a loan from Bank of China's Changsha Songyahuzhixing branch, and the guarantee period is five years. As of the announcement date, the actual guarantee balance provided to Yiqingyuan Organic was zero, excluding this new guarantee. The collateral involves property in Changsha County valued at approximately CNY 1.67 billion. As of March 31, 2025, Yiqingyuan Organic Tea had total assets of CNY 55.9 million and net assets of CNY 9.37 million. The decision to grant the guarantee falls within the parameters approved at the 2024 Annual General Meeting.