VVFB(SH:600300) Xin Lang Cai Jing·2025-06-10 19:36Core Viewpoint - The company, Wewei Food and Beverage Co., Ltd., has provided a guarantee for its wholly-owned subsidiary, Wewei International Trade Co., Ltd., amounting to a maximum of RMB 96 million, to support its operational financing needs [2][6]. Group 1: Guarantee Details - The guarantee provided is a joint liability guarantee for a principal debt not exceeding RMB 96 million, with an actual guarantee balance of RMB 150 million already provided [2][6]. - There is no counter-guarantee associated with this guarantee [3]. - The company has no overdue external guarantees [4]. - The guarantee has been approved by the company's shareholders' meeting [5]. Group 2: Decision-Making Process - The company held its annual shareholders' meeting on May 9, 2025, where it approved a guarantee limit of up to RMB 1.45 billion for the year 2025 [7]. - This guarantee falls within the approved limit and does not require further board or shareholder approval [7]. Group 3: Subsidiary Information - Wewei International Trade Co., Ltd. was established on April 28, 2003, with a registered capital of RMB 100 million [9][10]. - As of December 31, 2024, the subsidiary had total assets of RMB 374.78 million, total liabilities of RMB 242.49 million, and net assets of RMB 132.30 million, with a revenue of RMB 590.73 million and a net profit of RMB 31.95 million for the year [10]. - As of March 31, 2025, the subsidiary's total assets were RMB 393.23 million, total liabilities were RMB 258.57 million, and net assets were RMB 134.66 million, with a revenue of RMB 169.54 million and a net profit of RMB 2.36 million for the first quarter [10]. Group 4: Guarantee Agreement - The guarantee agreement involves Wewei Food and Beverage Co., Ltd. as the guarantor, Wewei International Trade Co., Ltd. as the debtor, and the Bank of Communications Co., Ltd. as the creditor [11]. - The guarantee covers all principal debts, interest, penalties, and costs associated with debt recovery [11]. - The guarantee period extends three years beyond the debt fulfillment deadline [11][12]. Group 5: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to ensure the normal operation of the subsidiary and to enhance its financing efficiency, thereby supporting stable business development [13]. - The subsidiary's operational and credit status is stable, and the company can effectively control the risks associated with its subsidiary's operations [13]. Group 6: Board Opinion and External Guarantees - The board of directors approved the guarantee proposal on April 17, 2025 [15]. - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to RMB 326 million, representing 9.35% of the company's latest audited net assets [15].