VV Food & Beverage guarantees subsidiary's RMB100m loan

VV Food & Beverage Co., Ltd. has provided a guarantee of RMB100 million for its wholly-owned subsidiary, VV Northeast Food & Beverage Co., Ltd., with the Industrial and Commercial Bank of China Harbin Branch. This guarantee, signed on November 26, 2025, covers a maximum principal amount of RMB100 million and is valid for three years beyond the maturity date of the primary loan or financing. The company's board believes this action is essential for the subsidiary's normal operations and to enhance financing efficiency.

The guarantee falls within the RMB1.45 billion aggregate guarantee limit approved at the 2024 annual shareholders' meeting on May 9, 2025. This ensures the company's compliance with internal decision-making procedures, requiring no further board or shareholder approval for this specific transaction.

As of the announcement date, VV Food & Beverage's total external guarantees, including those for its controlled subsidiaries, amount to RMB561 million, representing 16.09% of its most recent audited net assets. Guarantees provided to controlled subsidiaries total RMB556 million, or 15.95% of the company's net assets, with no overdue guarantees reported.