Shede Spirits guarantees subsidiary's RMB240m financing

Shede Spirits Co., Ltd. has provided a joint and several liability guarantee for its wholly-owned subsidiary, Sichuan Tuopai Shede Marketing Co., Ltd., for a maximum principal amount of RMB240 million. This guarantee, with Dalian Bank Co., Ltd. Chengdu Branch as the creditor, covers various financing agreements from August 28, 2025, to July 23, 2026. This move supports the Marketing Company's operational development and financing needs, aligning with Shede Spirits' overall strategic goals.

The guarantee was approved by Shede Spirits' board of directors and shareholders in March and April 2025, respectively, as part of a broader resolution allowing for financing guarantees up to RMB2.5 billion for its subsidiaries, including the Marketing Company. As of the announcement date, Shede Spirits' total external guarantees, including approved but unused credit lines, amount to RMB2.5 billion, representing 35.06% of its most recently audited net assets. The actual outstanding guarantee balance is RMB240 million, or 3.37% of its net assets.

All current external guarantees are provided to wholly-owned subsidiaries, with no overdue guarantees. The Marketing Company reported total assets of RMB2.7 billion and net profit of RMB451.47 million for the first half of 2025, demonstrating sound financial health and operational stability.