Vats Liquor provides, accepts guarantees for financing needs

Vats Liquor Chain Store Management Joint Stock announced the resolutions from the fourth meeting of its sixth Board of Directors, held on December 23, 2025. The board approved two key proposals to enhance the company's financial flexibility: providing a guarantee for its wholly-owned subsidiary and accepting a related-party guarantee.

The company will provide a joint liability guarantee for its wholly-owned subsidiary, Huazhi Fine Liquor Water Trading Co., Ltd. for a comprehensive credit line not exceeding 10,000 million yuan from China CITIC Bank Chengdu Branch. This guarantee, with a maximum amount of 10,000 million yuan, covers working capital loans, bank bills, letters of guarantee, and letters of credit over a 12-month period.

Additionally, Vats Liquor will accept a related-party guarantee from Huaze Group Co., Ltd. for a comprehensive credit line of up to 17,000 million yuan from China CITIC Bank Chengdu Branch for a 12-month term. This guarantee will support Vats Liquor's operational and development needs without charging a guarantee fee or requiring counter-guarantees. As of the disclosure date, the company’s total outstanding guarantees for subsidiaries amount to 27,167.46 million yuan, representing 8.61% of its latest audited net assets.