FilingReader Intelligence

Joyvio Food subsidiaries secure credit facilities with parent company guarantees

October 20, 2025 at 12:29 PM UTCBy FilingReader AI

Joyvio Food announced on October 16, 2025, that its controlling shareholder, Joyvio Group Co., Ltd., has provided guarantees for credit facilities extended to its subsidiaries, Qingdao Guoxing Food Co., Ltd. and Fuhua Hezhong Trading Co., Ltd., by Weihai Bank Qingdao Branch. The total guarantee amount is up to 37m yuan, with 27m yuan for Qingdao Guoxing and 10m yuan for Fuhua Hezhong. This action falls within the scope of guarantees approved at the company's 2024 annual general meeting.

Qingdao Guoxing Food, established on September 14, 2000, reported total assets of 62,076,410 yuan and a net profit of 6,733,900 yuan for the first half of 2025 (unaudited). Joyvio Food holds 55% equity in Qingdao Guoxing. The guarantees are non-reimbursable and cover principal, interest, penalties, and other related expenses over a period from August 12, 2025, to August 12, 2026.

Following these guarantees, Joyvio Food's cumulative external guarantees for 2025 amount to 3m yuan, representing 6.78% of the company's most recently audited net assets. There are no overdue guarantees or those involved in litigation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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