Maxvalu Tokai completes liquidation of Guangzhou subsidiary

Maxvalu Tokai announced on November 19, 2025, the completion of the liquidation of its consolidated subsidiary, AEON MaxValu (Guangzhou) Commercial Co., Ltd., effective November 14, 2025. This follows an announcement made on May 15, 2025, regarding the dissolution and liquidation of the subsidiary.

AEON MaxValu (Guangzhou) Commercial Co., Ltd. was incorporated on December 20, 2012, with a capital of RMB 345 million. Its business operations involved managing food supermarkets in Guangzhou City, Guangdong Province, People's Republic of China. Maxvalu Tokai held a 93.0% stake in the subsidiary, with AEON (China) Investment Co., Ltd. holding the remaining 7.0%. The representative of the subsidiary was director and general manager Makoto Miyata, and its fiscal year-end was December 31.

Maxvalu Tokai stated that the impact of this liquidation on the company's consolidated financial performance is expected to be minor.