人民财讯11月20日电，万科A(000002)11月20日公告，11月20日，万科举行2025年第一次临时股东会决 议。股东会审议并通过了：关于就深铁集团向公司提供股东借款并由公司提供担保订立框架协议的议 案。 转自：证券时报 ...

万科企业11月20日在港交所公告，经临时股东大会审议，批准、确认及追认本公司与深圳地铁集团所订 立的贷款框架协议及其项下拟进行的交易；批准、确认及追认贷款框架协议项下拟进行的交易的建议年 度上限；授权本公司董事会并可由董事会转授权其他获授权人士于彼等认为必要时行使一切权力及进行 相关其他行动及事宜，以及签立彼等认为或会对执行贷款框架协议项下拟进行的交易属必要或权宜的其 他文件或协议。 ...

CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司 ） （股份代號：2202） 海外監管公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則 第 13.10B 條 作出。兹 載 列 該 公 告如下， 僅供 參 閱。 萬科企業股份有限公司 董事會 中國，深圳，2025年11月2 0日 於本 公 告日期，本 公司 董 事 會 成 員包 括：執 行 董 事 郁 亮 先 生 及 王 蘊 女 士；非 執 行 董 事黃 力 平 先 生、胡 國 斌 先 生 及雷 江 松 先 生；以 及 獨 立非 執 行 董 事 廖 子 彬 先 生、林 明彥 先 生、沈向洋 博士 及 張 懿 宸 先 生。 * 僅供識別 法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 11F/12F., Taiping Finance Tower, 6001 Yitia ...

Core Viewpoint - Vanke is focused on risk resolution and aims to return to a healthy development track with the support of its major shareholder, Shenzhen Metro Group [1][2] Group 1: Risk Management and Strategic Focus - Vanke plans to address risks systematically, acknowledging the challenges posed by the transition from old to new development models in the real estate sector [2] - The company will concentrate on stabilizing its residential development business while optimizing its business layout and structure through five strategic areas: urban focus, business combination, development model, product positioning, and technology empowerment [2] - Vanke aims to enhance its governance mechanisms by combining strict control with operational vitality, ensuring effective internal controls and transparency [2] Group 2: Operational Performance - From January to October, Vanke reported sales of 115.28 billion yuan, with a slight increase in revenue from its operational services [3] - The company has added 22.8 billion yuan in marketable inventory in the first ten months, aided by supportive policies [3] - Vanke is restructuring its organization to improve operational efficiency, reducing management levels from "three and a half" to "two" [3] Group 3: Market Outlook and Capital Operations - Vanke anticipates that the real estate industry will gradually emerge from its adjustment phase and enter a new stage of stable development as policies are implemented and reasonable housing demand is realized [3] - The company is actively working on capital operations to improve cash flow and asset-liability structure by divesting non-core businesses and assets [3] Group 4: Shareholder Support and Financing - The shareholders' meeting approved a framework agreement for Shenzhen Metro Group to provide up to 22 billion yuan in loans to Vanke for debt repayment [4] - As of now, Shenzhen Metro Group has provided a total of 21.376 billion yuan in unsecured loans, with Vanke required to provide collateral for future borrowings [4] - The management emphasized that the collateral arrangement is in line with market principles and is part of fulfilling contractual obligations [4]

Core Viewpoint - Vanke A (000002.SZ) held its first extraordinary general meeting of shareholders for 2025, where it approved a proposal to authorize the board to provide guarantees for a total of 22 billion yuan in shareholder loans from Shenzhen Metro Group, which has already provided 21.376 billion yuan in unsecured loans to Vanke [1][2] Group 1: Leadership and Support - Huang Liping, the new chairman of Vanke, emphasized Shenzhen Metro Group's commitment to supporting Vanke's healthy development in accordance with market-oriented and legal principles [1][2] - Huang Liping has been with Shenzhen Metro Group since 2014 and took over as Vanke's chairman in October, marking the third chairman change in a year [2][3] Group 2: Strategic Development Plans - Huang Liping outlined three key development strategies for Vanke: strategic focus, standardized operations, and technology empowerment [4] - The company aims to stabilize its residential development business while optimizing its business layout and structure, focusing on urban concentration, business combinations, development models, product positioning, and technology empowerment [4] Group 3: Financial Situation and Debt Management - As of the end of Q3, Vanke has repaid 28.89 billion yuan in public debt, with significant contributions from loans provided by Shenzhen Metro Group [5] - Vanke faces upcoming debt repayments totaling 7.3 billion yuan in the last two months of 2025 and 1.1 billion yuan in Q1 2026, highlighting the need for self-sustaining cash flow through sales and asset revitalization [5] - The company is currently exploring ways to enhance its product and service capabilities, transitioning from "good houses" to "good living" [5] Group 4: Asset Management and Resource Optimization - Vanke has completed large transactions for 19 projects, achieving a total signed amount of 6.86 billion yuan in Q3 [7] - The company is actively working on revitalizing existing resources through various strategies, with 22.8 billion yuan in new saleable value added in the first ten months of the year [6][7] - Vanke plans to further improve cash flow and debt structure by divesting non-core businesses and assets [7]

Group 1 - Vanke held its first extraordinary general meeting of shareholders for 2025 on November 20, with Chairman Huang Liping making his first public appearance since taking over the role on October 13 [2] - The main agenda of the meeting was to vote on a framework agreement regarding shareholder loans from Shenzhen Metro Group, which includes a borrowing limit of up to 22 billion yuan starting from 2025 [3] - As of now, Shenzhen Metro Group has provided a total of 21.376 billion yuan in unsecured loans to Vanke, and Vanke must provide collateral for any existing loans to avoid early repayment demands from Shenzhen Metro [3] Group 2 - Huang Liping emphasized the need for Vanke to focus on risk resolution amid the transition from old to new development models in the real estate sector, acknowledging the challenges and pressure on operational performance [4][5] - Vanke reported a sales amount of 115.28 billion yuan from January to October, with slight growth in operational service revenue and a new record for single-day sales in a project [6] - The company plans to improve cash flow and debt structure by divesting non-core assets and businesses, while also leveraging policy support to enhance resource utilization [6] Group 3 - Vanke believes that with the continued implementation of policies, reasonable housing demand will gradually materialize, leading the industry out of the adjustment cycle towards a new phase of stable development [7]

Core Viewpoint - Vanke held its first extraordinary general meeting of shareholders for 2025, where the focus was on a framework agreement for shareholder loans from Shenzhen Metro Group, highlighting the company's ongoing financial challenges and strategic responses [1][3][4]. Group 1: Shareholder Loan Agreement - The meeting addressed a proposal for Shenzhen Metro Group to provide Vanke with loans up to 22 billion yuan starting from 2025, aimed at repaying public debt and specified interest [3]. - As of now, Shenzhen Metro Group has already provided unsecured loans totaling 21.376 billion yuan, with Vanke required to provide collateral for any future loans [3]. - The proposal has sparked market discussions regarding the potential implications for Vanke's liquidity and the necessity of collateral [3]. Group 2: Company Performance and Strategy - Vanke's chairman, Huang Liping, emphasized the need to address risks and challenges during the transition from old to new development models in the real estate sector, acknowledging a painful adjustment period ahead [4]. - For the first ten months of the year, Vanke reported sales of 115.28 billion yuan, with slight growth in operational service revenue and a notable single-day sales record in a project [4]. - Despite some positive indicators, Vanke's management acknowledged ongoing operational pressures and plans to enhance management efficiency and cash flow through strategic asset divestitures [4][5]. Group 3: Market Outlook - Vanke anticipates that with the continued implementation of supportive policies, reasonable housing demand will gradually materialize, leading the industry towards a new phase of stable development [5].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 本公司董事會（「董事會」）謹此宣佈，臨時股東會於2025年11月20日（星期四）下午3時30分起在中 國廣東省深圳市鹽田區大梅沙環梅路33號萬科中心召開。臨時股東會採用現場投票與A股網絡投 票相結合的方式。 CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2202） 2025年第一次臨時股東會決議公告 一、臨時股東會召開的情況 茲提述日期同為2025年11月4日(i)萬科企業股份有限公司（「本公司」或「公司」）2025年第一次臨時 股東會（「臨時股東會」）的通告（「臨時股東會通告」）；及(ii)本公司的通函（「通函」）。除另有界定者 外，本公告所用詞彙與通函所界定者具有相同涵義。 臨時股東會由第二十屆董事會召集，由董事長黃力平先生主持。本公司董事黃力平先生、郁亮 先生，以及所有公司高級管理人員以現場形式參加臨時股東會。本公司其他 ...

Core Viewpoint - Vanke is undergoing significant leadership changes and financial restructuring, with a focus on risk management and strategic adjustments to navigate the current challenges in the real estate market [2][4][7]. Group 1: Leadership Changes - Huang Liping has taken over as the chairman of Vanke, marking a shift in leadership dynamics within the company [2][4]. - Huang, previously a low-profile board member, has now publicly addressed shareholders, indicating a more active role in the company's future [4]. Group 2: Financial Restructuring - Vanke plans to apply for a borrowing limit of up to 22 billion yuan from Shenzhen Metro Group to repay existing debts, with the total amount of shareholder loans provided by Shenzhen Metro reaching approximately 30.8 billion yuan [5][6]. - The company is required to provide collateral for the loans, reflecting a commitment to fulfilling contractual obligations and adhering to market principles [6]. Group 3: Risk Management and Strategic Focus - Huang emphasized the need for collective efforts to systematically address risks and challenges faced by the company, particularly during the transition from old to new development models in the real estate sector [7][8]. - Vanke aims to focus on high-quality development, optimize business structure, and enhance governance mechanisms while leveraging technology to improve competitiveness [8][9]. Group 4: Market Outlook and Performance - The management believes that with ongoing policy support and the gradual realization of housing demand, the real estate industry is expected to emerge from its adjustment phase [9][10]. - Vanke reported a sales amount of 115.28 billion yuan from January to October, with a slight increase in service revenue, although operational pressures remain significant [9][10]. - The company plans to divest non-core assets to improve cash flow and debt structure, having already completed significant transactions in the current year [10][11].

Core Viewpoint - Vanke A has diversified its business beyond real estate development, including property services, commercial development and operations, rental housing, and logistics warehousing [1] Group 1 - As of the first three quarters of 2025, the company's total revenue from operational services reached 43.57 billion yuan, reflecting a year-on-year growth of 1.1% [1] - The company's operational efficiency remains among the top in the industry [1]