VV Food & Beverage reveals Q3 performance, proposes governance changes

VV Food & Beverage Co., Ltd. announced its operating data for the first three quarters of 2025, revealing a total operating income of 2,387,703,759.18 yuan and a net profit attributable to shareholders of 241,254,549.34 yuan. Solid beverage sales, the largest segment, saw a 4.28% decrease, while plant protein beverage sales also declined by 4.21%. Tea products, however, experienced a 12.65% increase in sales.

Alongside the operational update, the company announced significant governance changes. The board approved the abolishment of the Supervisory Board, with its functions to be absorbed by an Audit Committee under the Board of Directors, requiring shareholder approval. This move necessitates revisions to the company’s Articles of Association and related governance policies.

Shareholders will convene on November 14, 2025, for the Fourth Interim Shareholders' Meeting to vote on these key proposals, including the cancellation of the Supervisory Board and amendments to the Articles of Association. This strategic shift aims to streamline governance and enhance operational efficiency.