CCOOP Group guarantees subsidiary's loan for logistics park

CCOOP Group (SZSE:000564) has announced that it will guarantee a loan for its subsidiary, Pingjiang Supply and Marketing Trade Logistics Co., Ltd. The loan, obtained from the Pingjiang branch of the Industrial and Commercial Bank of China (ICBC), is for CNY 250 million, with a 15-year term. Pingjiang Supply and Marketing Trade Logistics will use the funds for its "China Supply and Marketing • Pingjiang Trade Logistics Park" project. As of June 24, 2025, CNY 11 million has been drawn on this loan, resulting in an outstanding balance of CNY 147.7 million. The Beijing New Cooperative Commercial Development Co., also a subsidiary of CCOOP, has provided a guarantee for up to CNY 300 million for this loan, with the actual guarantee totaling CNY 147.7 million. The guarantee falls within the approved amount authorized by CCOOP's shareholders.