Changyu Pioneer Wine extends guarantee for Australian subsidiary Kilikanoon

Yantai Changyu Pioneer Wine announced an extension of its joint and several liability guarantee for its Australian subsidiary, Kilikanoon Estate Pty Ltd, with Hua Mei Bank (China) Co., Ltd. This guarantee supports a revolving credit facility of 70m yuan or its AUD equivalent, initially expiring on March 2, 2026, and now extended to April 30, 2027. The guarantee is intended to enhance Kilikanoon's operational stability and improve its financial adaptability.

Kilikanoon reported a net profit of A$47.78m and total assets of A$3,212.82m for the period from January 1 to December 31, 2024. The parent company's consolidated net assets were 10.45bn yuan as of the end of the third quarter of 2025.

The board of directors approved this guarantee extension on October 23, 2025, with all 14 directors voting in favor. As of the announcement date, Yantai Changyu Pioneer Wine's total external guarantees for controlled subsidiaries amounted to 70m yuan, representing 0.66% of its most recently audited net assets.