Vanke announces guarantees for subsidiary bank loans

Vanke Co., Ltd. announced that it will provide guarantees for bank loans obtained by its subsidiaries, including Vanke Logistics Development Co., Ltd. The total amount of new guarantees within the authorized period should not exceed RMB 150 billion. Guarantees include equity pledges and asset mortgages, with some subsidiaries bearing joint repayment responsibilities. Specifics include guarantees for Vanke Logistics' RMB 0.72 billion loan from Nanjing Bank, with Shanghai Wan Cheng Cold Chain Logistics providing mortgage guarantees. Additionally, guarantees are in place for RMB 2.78 billion and RMB 4.81 billion loans from Shanghai Bank, involving multiple subsidiaries and equity pledges. As of November 30, 2024, the company's outstanding guarantees totaled RMB 1168.23 billion, representing 46.58% of net assets attributable to shareholders of the listed company.