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。 万科企业股份有限公司关于行使"22 万科 07"公司债券 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 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10月13日 赎回选择权的第二次提示性公告 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 证券代码：000002、299903、148099 证券简称：万科 A、万科 H 代、 ...

Core Viewpoint - Vanke has undergone its second leadership change within a year, with Chairman Xin Jie resigning for personal reasons and being succeeded by Huang Liping as the new Chairman of the Board [1][5][7] Group 1: Leadership Change - Xin Jie submitted his resignation as Chairman and Director of Vanke on October 12, 2025, and will not hold any position in the company post-resignation [1][5] - Huang Liping has been elected as the new Chairman of the Board, effective from the date of the board's approval until the end of the current board's term [5][7] Group 2: Background Information - Xin Jie has been in charge of Vanke for less than a year, having been appointed on January 27, 2025, amid significant financial challenges for the company [6] - Huang Liping, born in 1968, has a strong background in engineering and management, holding positions in Shenzhen Metro Group and Vanke [7] Group 3: Financial Performance - Vanke's half-year report for 2025 indicates a total revenue of 105.32 billion yuan, with 80.2% coming from real estate development and related asset management, and 16.2% from property services [7]

海外監管公告 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10月13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 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。 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） 万科企业股份有限公司关于行使"20 万科 08"公司债券 赎回选择权的第二次提示性公告 证券代码：000002、299903、149297 证券简称：万科 A、万科 H 代、 ...

Core Viewpoint - Vanke's stock price has significantly declined following the resignation of Chairman Xin Jie, raising concerns about the company's future and its major shareholder's financial health [1][6][19] Group 1: Stock Performance - On October 13, Vanke's stock price fell sharply, with Hong Kong shares dropping by 3.07% to HKD 5.05 per share and A-shares down 2.67% to CNY 6.57 per share [1][6] - Vanke A's total market capitalization as of October 13 was CNY 783.85 billion, having shrunk by over 20% in the past year [6][19] Group 2: Management Changes - Xin Jie submitted his resignation as Chairman on October 12, citing personal reasons, and will not hold any position in the company post-resignation [6][9] - Huang Liping has been elected as the new Chairman, bringing familiarity with the company and a background in the Shenzhen Metro Group [6][13][16] Group 3: Financial Support and Challenges - Shenzhen Metro Group, Vanke's largest shareholder, has provided substantial financial support, totaling CNY 259.41 billion in loans this year, with a low interest rate of 2.34% [6][17] - Despite the support, Shenzhen Metro Group reported a significant loss of CNY 334 billion in 2024, raising questions about its ability to continue supporting Vanke [6][17][19] Group 4: Operational Adjustments - Under Xin Jie's leadership, Vanke underwent significant organizational changes, including the restructuring of its regional companies into 16 new regional offices [12][19] - Vanke has achieved a revenue of CNY 1,053 billion in the first half of the year, with a sales return rate of 100% and a high project turnover rate [19]

Market Overview - A-shares experienced a trading volume reduction of 160.9 billion, with a total transaction of 2.35 trillion [4] - The three major indices showed fluctuations, with the Shanghai Composite Index down by 0.19%, the Shenzhen Component Index down by 0.93%, and the ChiNext Index down by 1.11% [4] Company News - Shenzhen Metro Group has provided a total of 26 billion in loans to Vanke this year, marking the ninth loan issuance [4] - Vanke's largest shareholder, Shenzhen Metro Group, announced a loan of up to 2.064 billion for repaying bond principal and interest, with an interest rate of 2.34% [4] Technology Updates - Microsoft will stop providing security updates and technical support for Windows 10 starting October 14, which may expose users to increased cybersecurity risks [4] Other Industry Highlights - Xiaomi responded to concerns regarding the vehicle door locking issue, stating that the vehicles are equipped with mechanical handles [5] - Seres has passed the listing hearing at the Hong Kong Stock Exchange, having submitted its application in April [5] - The 2025 Nobel Prize in Economic Sciences was awarded to three scholars [5]

Core Points - Vanke A (000002.SZ) announced significant personnel changes, with Chairman Xin Jie resigning for personal reasons and Huang Liping being elected as the new Chairman [1][2] Group 1: Personnel Changes - Xin Jie submitted his resignation as Chairman and will no longer hold any position within the company [1] - Huang Liping, previously from Shenzhen Metro Group, has been elected as the new Chairman and legal representative of Vanke [1][4] Group 2: Background and Context - Xin Jie’s resignation follows rumors and events leading to his departure, including being taken away during a meeting on September 18 [2] - Xin Jie was appointed less than a year ago to address liquidity issues and had successfully secured over 25.9 billion yuan in low-interest loans from the major shareholder, Shenzhen Metro Group [3] Group 3: New Leadership and Future Outlook - Huang Liping has a strong background in the industry, having held various positions within Shenzhen Metro Group and related companies [4] - The leadership change is seen as a continuation of Vanke's "state-owned enterprise governance" rather than a directional shift, with expectations for Huang to leverage resources for transformation in a challenging market [4] - Vanke successfully delivered over 45,000 housing units in the first half of the year, achieving sales of 69.11 billion yuan with a repayment rate exceeding 100% [4] - The company secured 24.9 billion yuan in new financing and refinancing in the first half of the year, with significant support from its major shareholder [5]

Group 1 - Vanke announced a leadership change with Chairman Xin Jie resigning for personal reasons after a short tenure of 9 months, and Huang Liping has been elected as the new chairman [1] - Huang Liping has a background in the major shareholder, Shenzhen Metro Group, having served in various roles since 2014, including Vice General Manager and General Manager [1] - Shenzhen Metro Group has provided significant financial support to Vanke, with 9 shareholder loans totaling nearly 26 billion yuan this year, the latest being a loan of up to 2.064 billion yuan for debt repayment [1] Group 2 - With the assistance of Shenzhen Metro Group, Vanke has successfully repaid 24.39 billion yuan in public debt by the end of August, with no foreign public debt due before 2027 [2] - Vanke's sales performance has been weak, with a sales area of 5.389 million square meters and sales revenue of 69.11 billion yuan in the first half of the year, representing declines of 42.6% and 45.7% year-on-year, respectively [2] - The company reported a revenue of 105.323 billion yuan, a year-on-year decrease of 26.23%, and a net loss attributable to shareholders of 11.947 billion yuan [2] - As of June 30, Vanke's asset-liability ratio stood at 73.1%, indicating significant financial pressure [2] - Vanke is actively working to revitalize its existing land and project resources, having revitalized 64 projects this year, with a total saleable value of approximately 78.5 billion yuan and generating new sales of about 22.6 billion yuan [2]

转自：大众报业·齐鲁壹点 齐鲁晚报·齐鲁壹点 魏银科 10月30日，万科公告披露核心人事变动：辛杰辞去董事长职务，黄力平接棒出任新董事长。市场普遍认为，此次调整并未 改变万科改革化险的核心方向——新任董事长身为原董事会成员，对公司战略与债务状况高度熟悉，加之其深铁系背景， 将延续大股东支持下的稳健纾困路径。 辛杰辞任，黄力平接棒 2025年1月，在万科陷入流动性危机、郁亮等高管集体辞任的危急时刻，辛杰正式接任万科董事长，成为同时掌舵深铁与 万科的"双料掌门人"。 辛杰的辞职较为突然。在他辞职之前的数周，关于辛杰失联的传闻已在市场上悄然流传。 黄力平并非空降兵。他1968年出生，现任深铁集团党委副书记、董事、总经理，自2021年6月起担任万科董事。 此外，万科部分大宗资产交易和股权交易价格低于账面值。上半年，万科通过大宗交易合计签约额64亿元，但这些交易的 价格并不理想。 黄力平拥有同济大学的工学学士和硕士学位，是教授级高级工程师，其职业生涯与深铁集团紧密相连。他自愿放弃从万科 获得董事酬金的举动，表明其首要职责是代表大股东利益，确保万科稳定 多重因素冲击，上半年巨亏119亿 2025年上半年，万科归属于上市公 ...

万科企业股份有限公司关于行使"22 万科 07"公司债券 赎回选择权的第二次提示性公告 证券代码：000002、299903、148099 证券简称：万科 A、万科 H 代、22 万科 07 公告编号：〈万〉2025-130 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 1．债券代码：148099。 2．债券简称：22万科07。 3．赎回登记日：2025年10月30日。 4．赎回资金到账日：2025年10月31日。 5．赎回价格：人民币103.45元/张（含当期利息，且当期利息含 税）。 6．债券赎回比例：100%。 7．当前票面利率：3.45%。 8．还本付息方式：本期债券按年付息，到期一次还本。 7．摘牌日: 2025年10月31日。 一、"22万科07"公司债券的基本情况 1．发行主体：万科企业股份有限公司。 2．债券名称：万科企业股份有限公司 2022 年面向专业投资者公 开发行公司债券（第四期）（品种一）。 3．债券简称：22 万科 07。 1 4．债券代码：148099。 5．债券余额：25 亿元。 6．债券期限：本期债券 ...

万科企业股份有限公司关于行使"20 万科 08"公司债券 赎回选择权的第二次提示性公告 证券代码：000002、299903、149297 证券简称：万科 A、万科 H 代、20 万科 08 公告编号：〈万〉2025-129 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 1．债券代码：149297。 2．债券简称：20万科08。 3．赎回登记日：2025年11月12日。 4．赎回资金到账日：2025年11月13日。 5．赎回价格：人民币104.11元/张（含当期利息，且当期利息含 税）。 1 4．债券代码：149297。 5．债券余额：16 亿元。 6．债券期限：本期债券期限为 7 年期（附第 5 年末发行人赎回 选择权、发行人调整票面利率选择权和投资者回售选择权）。 7．当前票面利率：4.11%。 8．还本付息方式：本期债券采用单利按年计息，不计复利。每 年付息一次，到期一次还本，最后一期利息随本金的兑付一起支付。 6．债券赎回比例：100%。 7．摘牌日: 2025年11月13日。 一、"20万科08"公司债券的基本情况 1．发行 ...