VVFB(SH:600300) Shang Hai Zheng Quan Bao·2026-01-09 19:33Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, aiming to support its operational needs and enhance financing efficiency [1][5]. Group 1: Guarantee Details - The company signed a guarantee contract with Bank of Communications Co., Ltd. on January 8, 2026, providing a guarantee for its subsidiary, VIVI International Trade Co., Ltd., with a maximum debt amount of 192 million yuan [1]. - The guarantee period extends from the effective date of the contract until three years after the debt fulfillment deadline [1][5]. - The guarantee covers the principal, interest, compound interest, penalties, damages, and costs related to debt recovery [2][5]. 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, thus no further board or shareholder approval is required [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 support stable business development [5]. - The subsidiary's operational and credit status is stable, allowing the company to effectively manage risks associated with the guarantee [5]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 603 million yuan, representing 17.29% of the latest audited net assets [6]. - The total guarantees provided to the subsidiary amount to 598 million yuan, which is 17.15% of the latest audited net assets, with no overdue guarantees reported [6].