Vanke secures loan with Onewo shares pledge

China Vanke Co. announced a connected transaction involving a loan and asset collateral arrangement with Shenzhen Metro Group, a substantial shareholder. The Board approved multiple transactions, including a loan of RMB6.249 billion, an extension of an RMB890 million loan, and the provision of asset collateral. The asset collateral involves pledging 116,887,490 shares of Onewo Inc., valued at up to RMB2,215,714,286, as security under a loan agreement for RMB1,551,000,000. This collateral arrangement triggers connected transaction disclosure requirements under the Listing Rules. The loan carries a floating interest rate of one-year LPR minus 0.76%, with the proceeds designated to repay existing bonds. The loan-to-value ratio of the pledged assets is approximately 70%.