China Merchants Shekou expands land bank, guarantees Hangzhou subsidiary loan

China Merchants Shekou Industrial Zone Holdings reported strong October 2025 sales, with a contracted sales area of 559,000 square meters and a contracted sales value of 15.365 billion yuan. For January to October 2025, cumulative contracted sales reached 5.6457 million square meters, totaling 156.071 billion yuan. The company also announced recent land acquisitions, including a plot in Sanya for 59.51 million yuan, a mixed-use parcel in Shanghai for 386.858 million yuan, and a residential plot in Hefei for 50.138 million yuan.

In a related development, China Merchants Shekou announced a guarantee for its wholly-owned subsidiary, Hangzhou Ruisheng Smart Technology Co., Ltd. The guarantee, amounting to 800 million yuan, supports Hangzhou Ruisheng's fixed asset loan from China Merchants Bank, Hangzhou Branch, with a loan term of 15 years. This guarantee falls within the previously approved quota of 31.6 billion yuan for providing guarantees to holding subsidiaries.

As of the announcement date, the total external guarantees by China Merchants Shekou and its holding subsidiaries amount to 34.148 billion yuan, representing 30.76% of the company's net assets attributable to shareholders. Guarantees for entities outside the consolidated statements total 4.560 billion yuan, or 4.11% of the net assets attributable to shareholders. There are no overdue guarantees or those involved in litigation.