Vanke provides guarantees for subsidiary asset transfers

Vanke has announced that its wholly-owned subsidiaries will provide guarantees for asset transactions involving other Vanke-controlled entities. The guarantees are related to supplementary agreements for equity transfers, where subsidiaries Hangzhou Hongwang, Hangzhou Dongxue, and Shanghai Vanke Investment are transferring stakes in Hangzhou Wanyu and Shanghai Xiangda to Vanke's subsidiary, Wanyu Cloud. The total guaranteed amount for outstanding payments, difference repayment obligations, and related expenses is RMB 10,118万元. The guarantees are secured by pledges of accounts receivable and mortgages on properties held by Nanjing Tongsheng, a Vanke subsidiary.

These guarantees fall within the scope of the RMB 1,500亿元 maximum new guarantee amount authorized by the 2024 Annual General Meeting. As of September 30, 2025, Vanke and its controlled subsidiaries' total guarantee balance stands at RMB 844.40亿元, representing 41.66% of the company's net assets attributable to listed company shareholders as of year-end 2024. Following this transaction, the total guarantee amount will slightly increase to RMB 845.42亿元, or 41.71% of the 2024 year-end net assets.

The company stated that the guarantees support its operational development, manage risks, and comply with company regulations. None of the involved subsidiaries are listed as dishonest debtors. Shanghai Vanke Investment is involved in several lawsuits totaling RMB 0.24亿元.