VVFB(SH:600300) Shang Hai Zheng Quan Bao·2025-11-27 19:16Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Wewei Northeast Food, to secure a loan of 100 million yuan from China Merchants Bank, aimed at supporting the subsidiary's operational needs [1][3]. Group 1: Guarantee Details - The guarantee agreement was signed on November 26, 2025, with a maximum principal amount of 100 million yuan [1]. - The guarantee period extends from the effective date of the guarantee until the maturity date of each loan or financing under the main contract, plus an additional three years [5]. - The guarantee is a joint liability guarantee, covering the principal balance of loans and other credit amounts, as well as related interest and fees [3]. Group 2: Internal Decision-Making Process - The company held its annual shareholders' meeting on May 9, 2025, where it approved a guarantee limit of up to 1.45 billion yuan for the fiscal year 2025 [2]. - This guarantee falls within the approved limit and does not require further board or shareholder approval [2]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to ensure the normal operation of the subsidiary, improve financing efficiency, and lower financing costs [5]. - The subsidiary is reported to have stable operations and good credit status, allowing the company to effectively control risks associated with its daily operations [5]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is 561 million yuan, representing 16.09% of the latest audited net assets [5]. - The total guarantees provided to subsidiaries amount to 556 million yuan, which is 15.95% of the latest audited net assets, with no overdue guarantees reported [5].