（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。茲載列該公告如下，僅供參 閱。 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 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价 其有效性，并如实披露内部控制评价报告是公司董事会的责任。经理层负责组 织领导企业内部控制的日常运行。公司董事会、董事、高级管理人员保证本报 告内容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、 准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告 及相关信息真实完整、提高经营效率和效果、促进实现发展战略。由于内部控 制存在的固有局限性，内部环境以及宏观环境、政策法规持续变化，可能导致 原有控制活动不适用或出现偏差，对此公司将 ...

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。茲載列該公告如下，僅供參 閱。 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） 海外監管公告 万科企业股份有限公司（以下简称"公司"）第二十届董事会第三十一次会 议审议通过了《关于计提和核销 2025 年度减值准备的议案》，具体如下： 关于计提和核销 2025 年度减值准备的公告 萬科企業股份有限公司 董事會 中國，深圳，2026年3月31日 於本公告日期，本公司董事會成員包括：非執行董事黃力平先生、胡國斌先生及雷江松先生；執行 董事王蘊女士；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 证券简称：万科 A、万科 H 代 公告编号：〈万〉2026-030 本公司及董事会全体成员 ...

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） 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。茲載列該公告如下，僅供參 閱。 萬科企業股份有限公司 董事會 中國，深圳，2026年3月31日 一、审计意见 於本公告日期，本公司董事會成員包括：非執行董事黃力平先生、胡國斌先生及雷江松先生；執行 董事王蘊女士；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 万科企业股份有限公司 财务报表及审计报告 2025 年 12 月 31 日止年度 万科企业股份有限公司 财务报表及审计报告 2025 年 12 月 31 日止年度 | 内容 | 页码 | | --- | --- | | 审计报告 | 1 - 6 | | 合并资产负债表 | 7 - 8 | | 母公司资 ...

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） 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。茲載列該公告如下，僅供參 閱。 萬科企業股份有限公司 董事會 中國，深圳，2026年3月31日 於本公告日期，本公司董事會成員包括：非執行董事黃力平先生、胡國斌先生及雷江松先生；執行 董事王蘊女士；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 万科企业股份有限公司 2025 年度报告摘要 万科企业股份有限公司 2025 年度报告摘要 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2026-028 一、重要提示 本年度报告摘要摘自2025年度报告（以下简称"本报告"）全文，报告全文同时刊载于巨 潮资讯网（www.c ...

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） 万科企业股份有限公司 CHINA VANKE CO., LTD. 2025 年度报告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2026-027 $$\underline{{{-}}}\,\mathbf{O}\,\underline{{{-}}}\,\mathbf{\lambda}\,\mathbf{\not\!\!E}\,\underline{{{-}}}\,\mathbf{H}$$ （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。茲載列該公告如下，僅供參 閱。 萬科企業股份有限公司 董事會 中國，深圳，2026年3月31日 於本公告日期，本公司董事會成員包括：非執行董事黃力平先生、胡國斌 ...

Core Viewpoint - Vanke is leading the way in the new phase of real estate, emphasizing a dual approach of renting and purchasing, achieving stable operations despite challenges in the past year [1] Group 1: Financial Performance - In 2025, Vanke achieved revenue of 233.4 billion yuan and delivered 117,000 housing units on time, with sales reaching 134.06 billion yuan [1] - The company's total revenue from operational services was 58.01 billion yuan, indicating stable performance across its business segments [4] Group 2: Long-term Rental Business - Vanke's rental business, Vanke Boyu, managed 270,000 long-term rental apartments with an overall occupancy rate exceeding 95% by the end of 2025 [2] - The company actively participated in the construction of affordable rental housing, managing 132,000 units under this category, and revitalized 24 projects from state-owned enterprises, adding over 15,000 rooms [2] - Vanke Boyu established partnerships with over 100 large enterprises, with corporate clients accounting for 22.6% of its business, enhancing its light-asset cooperation model [2] Group 3: Customer Satisfaction and Service Quality - Vanke Boyu achieved a customer satisfaction rate of 96.6% in 2025, implementing six service commitments focused on transparency, responsiveness, and tenant rights [3] - The company introduced short-term rental services for corporate clients, resulting in a 13% year-on-year increase in business travel short-term rental occupancy [3] - The housing rental market is seen as having significant potential, with Vanke Boyu's light-asset strategy providing a sustainable development path and serving as a reference for industry transformation [3] Group 4: Other Operational Services - Vanke's other operational services also performed well, with total revenue of 58.01 billion yuan in 2025 [4] - Wanwu Cloud generated revenue of 37.36 billion yuan, leading in scale and comprehensive service capabilities [4] - Wanwei Logistics saw steady growth, with cold chain revenue increasing by over 25%, and its rental warehouse area exceeding 10 million square meters [4]

Core Viewpoint - The real estate industry has entered the "good house" era, with major developers like Vanke striving to enhance product offerings and maintain operational stability amidst challenges [1][2]. Group 1: Financial Performance - Vanke reported a revenue of 233.4 billion in 2025, achieving stable production and operations despite significant challenges [1]. - The company delivered 117,000 housing units on time and with quality, with over 80% sales rates in multiple regions [1]. - Vanke's operational service business generated a total income of 58.01 billion in 2025, showcasing robust performance [3]. Group 2: Project Delivery and Innovation - Vanke utilized various innovative technologies to enhance project management, including 360-degree cameras and drone inspections, facilitating over 1,500 "See the Home" activities for customer engagement [1]. - The company completed 70% of the required housing deliveries over the past two years, with a significant reduction in delivery pressure following peak periods [1]. Group 3: Product Competitiveness and Market Strategy - Vanke maintained competitive product offerings while implementing the "good house" standards across multiple projects, with a notable 84% investment fulfillment rate in 18 projects [2]. - The company adopted a strategy focused on revitalizing existing resources and precise investments, successfully acquiring 23 new projects with a total planned construction area of 1.869 million square meters [2]. Group 4: Operational Efficiency - Vanke's long-term rental apartment business, operated under the brand "Boyu," managed 270,000 units with an overall occupancy rate exceeding 95%, leading the industry [3]. - The logistics segment, including cold chain services, saw a revenue increase of over 25%, with a total rental warehouse area exceeding 10 million square meters [3].

Core Viewpoint - Vanke Overseas (01036) reported a revenue of HKD 597 million for the year ending December 31, 2025, representing a year-on-year decrease of 23.05% and a shareholder loss of HKD 92.393 million, an increase of 82.85% compared to the previous year [1] Financial Performance - The revenue for the year was approximately HKD 596.7 million, down from HKD 775.5 million in 2024, marking a decline of about 23% [1] - The increase in shareholder loss to HKD 92.393 million resulted in a loss per share of HKD 0.24 [1] Factors Influencing Performance - The decline in revenue was primarily due to a reduction in the number of units sold in the Lianfang I project and decreased income from asset management services, attributed to reduced investment capital from contracting parties in Hong Kong, the UK, and the US [1] Future Outlook - The board anticipates a recovery in residential prices by 2026, driven by lower borrowing costs and improved buyer sentiment [1] - The company aims to maintain a healthy financial status to seize future market opportunities while focusing on quality investment opportunities to create value for shareholders [1] Property Management Expectations - The company expects the Regal Center in Hong Kong to maintain its occupancy rate and average rent in 2026, with serviced apartments and hotels also projected to sustain occupancy and average rental rates [1] - The Lianfang I residential project is expected to continue sales, with related transactions recognized as units sold are delivered in 2026 [1] - The asset management business is anticipated to continue contributing stable income and profits in 2026 [1]

Core Viewpoint - Vanke has successfully navigated multiple challenges in 2025, achieving stable operations and timely delivery of 117,000 homes, with many projects seeing over 80% sales rates at launch [1][2] Group 1: Financial Performance - In 2025, Vanke reported revenue of 233.4 billion yuan, demonstrating resilience amid industry challenges [1] - The company's operating service business generated a total income of 58.01 billion yuan [3] Group 2: Project Delivery and Management - Vanke delivered 117,000 homes on time, with 17,000 units delivered 30 days early and approximately 5,000 units delivered ahead of the new year, completing about 70% of the required deliveries over the past two years [1] - The company utilized innovative technologies such as 360-degree cameras and drones for project management, enhancing quality control and customer engagement [1] Group 3: Product Competitiveness - Vanke's residential products remain competitive, with several projects achieving over 80% sales rates, including notable projects in Shanghai and Chengdu [2] - The company has integrated past technological advancements to implement high-quality housing standards across various projects [2] Group 4: Strategic Investments - Vanke adopted a strategy focused on revitalizing existing resources while making precise investments, resulting in the acquisition of 23 new projects with a total planned construction area of 1.869 million square meters [2] - The company successfully revitalized production capacity amounting to 33.85 billion yuan, optimizing its asset structure and enhancing growth potential [2] Group 5: Operational Efficiency - Vanke's long-term rental business, operated under the brand "Boyu," maintains the industry's leading position with 270,000 managed apartments and an overall occupancy rate exceeding 95% [3] - The company’s logistics segment, including cold chain services, has seen significant growth, with cold chain revenue increasing by over 25% year-on-year [3]

Core Insights - The real estate industry is entering a new phase where "good houses" that meet people's needs are likely to gain market recognition [1][2] - Vanke achieved a revenue of 233.4 billion in 2025, successfully delivering 117,000 homes amidst significant challenges, with over 80% sales rates in multiple regions [1][2] - The company utilized innovative technologies for project management, enhancing quality control and customer engagement through initiatives like "cloud supervision" and on-site visits [1][2] Group 1 - Vanke's delivery of 117,000 homes included 17,000 homes delivered 30 days early and approximately 5,000 homes delivered ahead of the new year, completing about 70% of the required deliveries over the past two years [1] - The company implemented a comprehensive strategy to enhance project management, including the use of 360-degree cameras and drones, and conducted over 1,500 "See Your Home" events for customer engagement [1][2] - Vanke's projects in cities like Jinan, Zhengzhou, and Nanchang achieved a 100% delivery rate, indicating a significant reduction in future delivery pressures [1] Group 2 - Vanke maintained competitiveness in its residential product offerings, with 84% investment fulfillment across 18 projects, and high sales rates in key locations [2] - The company adopted a strategy focused on revitalizing existing resources while making precise investments, resulting in the acquisition of 23 new projects with a total planned construction area of 1.869 million square meters [2] - Vanke's operational service business generated a total revenue of 58.01 billion in 2025, with its rental business leading the industry in scale and efficiency [3] Group 3 - The company operates 270,000 long-term rental apartments with an overall occupancy rate exceeding 95%, and has become the first in the industry to manage over 100,000 light-asset entrusted management units [3] - Vanke's logistics segment, including cold chain services, saw a revenue increase of over 25%, with a total rental warehouse area exceeding 10 million square meters [3] - The overall occupancy rate for Vanke's commercial properties reached 94.5%, establishing strong partnerships with over 12,700 brands [3]