Bairun revises subsidiary guarantees, total exposure increases

Shanghai Bairun Investment Holding Group announced adjustments to its guarantee arrangements for wholly-owned subsidiaries, Shanghai Bacchus Alcohol Marketing Co., Ltd. (Bacchus Marketing) and Shanghai Rio Business Consulting Co., Ltd. (Rio Business). Previously, the company provided a maximum guarantee of CNY 300 million for Bacchus Marketing and CNY 100 million for Rio Business to China Merchants Bank Shanghai Branch. The guarantee for Rio Business has since been fully discharged.

Concurrently, new guarantee agreements have been established. The company has now provided a maximum guarantee of CNY 350 million for Bacchus Marketing and CNY 100 million for Rio Business. These new guarantees align with resolutions passed at the company's 2025 Annual General Meeting, which approved total guarantees of up to CNY 2.3 billion for subsidiaries, including CNY 1 billion for Bacchus Marketing and CNY 200 million for Rio Business.

As of the announcement date, the company and its controlled subsidiaries have a total external guarantee amount of CNY 1,500 million, representing 31.94% of the company's most recently audited net assets. There are no overdue guarantees or guarantee-related litigations.