VV Food & Beverage to establish new subsidiary for strategic growth

VV Food & Beverage Co., Ltd. (SSE:600300) plans to invest 100 million yuan to establish a new wholly-owned subsidiary, Jiangsu VV Food Biotechnology Co., Ltd. The investment, approved by the board on September 8, 2025, aligns with the company's long-term development strategy to optimize resource allocation, enhance market operating efficiency, and strengthen core competitiveness. This move is expected to drive the company's transition to higher-value dimensions.

The new subsidiary, with a registered capital of 100 million yuan, will be based in Xuzhou City. Its business scope includes technology services, research and development, and production of various food and beverage products, as well as wholesale, import, and export. The funding for this investment will come from the company's own capital and is not expected to negatively impact its financial or operational performance, nor does it constitute a related-party transaction or major asset restructuring.

The establishment of the subsidiary is subject to approval by market supervision authorities, posing a potential risk of non-approval. Furthermore, the new entity may face operational and investment risks stemming from macroeconomic conditions, industry policies, market competition, and management. VV Food & Beverage aims to mitigate these risks by strengthening management capabilities and operational efficiency.