VV Food & Beverage guarantees ¥30 million for subsidiary

VV Food & Beverage Co., Ltd. announced new developments in providing guarantees for its wholly-owned subsidiary, VV International Trade Co., Ltd. On August 28, 2025, VV Food & Beverage signed a joint and several liability guarantee agreement with Jiangsu Bank Co., Ltd. Shanghai Baoshan Branch, securing a maximum principal debt of ¥30 million for VV International Trade. The guarantee period extends for three years beyond the maturity of the primary contract.

As of the disclosure date, VV Food & Beverage’s total outstanding guarantees for VV International Trade amount to ¥246 million, excluding this latest transaction. The total external guarantees provided by the company and its controlling subsidiaries now stand at ¥361 million, representing 10.35% of the company's latest audited net assets. Guarantees to controlling subsidiaries alone account for ¥356 million, or 10.21% of net assets.

This guarantee, which does not have a counter-guarantee and is not a related party transaction, received approval during the company's 2024 annual general meeting on May 9, 2025. This move aims to ensure the smooth operations of its subsidiary, enhance financing efficiency, and reduce costs, aligning with the company's overall interests. VV Food & Beverage confirms no overdue external guarantees.