Vanke secures RMB 2.064 bn loan from Shenzhen Metro Group

China Vanke announced that its largest shareholder, Shenzhen Metro Group, will provide a loan of up to RMB 2.064 billion. This shareholder loan is intended to repay the principal and interest of Vanke's publicly issued bonds, with a term of no more than three years and a floating interest rate set at 1-year LPR minus 66 basis points, currently 2.34%.

Shenzhen Metro Group, which holds 27.18% of Vanke's equity, is considered a related party, making this a related party transaction requiring disclosure. The transaction was approved by Vanke's board of directors and by the independent directors' special meeting, with related directors abstaining.

This loan follows other financial arrangements between Vanke and Shenzhen Metro Group in 2025, which include cumulative borrowings of RMB 238.77 billion, highlighting Shenzhen Metro Group’s ongoing support for Vanke's financial stability.