Group 1 - The company has decided to exercise the redemption option for the "22 Vanke 05" corporate bonds, redeeming all bonds registered on the redemption registration date [3] - The redemption registration date and interest payment date are set for July 7, 2025, with the redemption and delisting occurring on July 8, 2025 [5] - The bonds have a coupon rate of 3.21%, with interest payments of RMB 32.10 per 10 bonds (including tax) [6] Group 2 - Investors who purchased the "22 Vanke 05" bonds on July 7, 2025, will receive the principal and interest from the redemption, while those who sold the bonds on the same date will not receive these payments [4] - The company will announce whether it will adjust the coupon rate for the remaining two years of the bond's term 20 trading days before the interest payment date of the third interest period [2] - The company is responsible for withholding and paying the personal income tax on the interest income for individual bondholders at a rate of 20% [6][7]

万科企业股份有限公司 关于参加 2024 年度股东大会相关注意事项的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-093 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 万科企业股份有限公司（以下简称"公司"）定于 2025 年 6 月 27 日（星期 五）15：00 起在深圳市盐田区大梅沙环梅路 33 号万科中心召开 2024 年度股东 大会（以下简称"本次股东大会"）。为了便于股东参会，提高会务服务质量， 公司现就本次股东大会相关注意事项提示如下： 一、非现场参会注意事项 公司股东大会报名系统二维码 3、通过融资融券持有 A 股的投资者：请在 2025 年 6 月 26 日 17:00 前将相 关股东证明资料及授权委托资料电子版发送到 IR@vanke.com 进行报名登记； 4、H 股股东：请在 2025 年 6 月 26 日 17:00 前拨打+86（755）2560 6666 转 公司董事会办公室咨询报名登记事宜。 5、本次股东大会会期半天，与会人员食宿及交通自理。 如无法现场参加本次股东大会，A ...

万科企业股份有限公司 关于担保进展情况的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：<万>2025-094 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 为满足经营需要，万科企业股份有限公司(以下简称"公司"或"万科")前 期向金融机构融资，公司之控股子公司继续通过资产抵押、股权质押分别为相应 的融资提供担保。 公司 2023 年度股东大会审议通过了《关于提请股东大会授权公司及控股子 公司对外提供担保的议案》，同意在授权有效期内提供的新增担保总额须不超过 人民币 1,500 亿元，有效期为自 2023 年度股东大会决议之日起至 2024 年度股东 大会决议之日止。董事会在取得股东大会授权之同时，已进一步转授权公司执行 副总裁对于单笔对外担保金额低于人民币 125 亿元进行决策。 本次担保事项在上述担保额度范围内, 公司执行副总裁已在上述授权范围 内决策同意本次担保事项，具体情况如下： 一、已有担保事项进展 （一）担保事项概述 公司与公司之控股子公司沈阳万科万西企业管理有限公司（以下简称"沈阳 万西"）作为共同借款人前期 ...

万科企业股份有限公司 2024 年度股东大会文件 中国·深圳 二〇二五年六月二十七日 | 目 录 | | --- | | 2024 | 年度股东大会须知 1 | | | --- | --- | --- | | 2024 | 年度股东大会投票方案介绍 | 2 | | 2024 | 年度股东大会会议议程 | 3 | | 2024 | 年度董事会报告 | 4 | | 2024 | 年度监事会报告 | 5 | | 2024 | 年度报告及摘要 | 6 | | 2024 | 年度利润分配方案 | 7 | | 关于提请股东大会授权公司及控股子公司对外提供财务资助的议案 | | 8 | | 关于提请股东大会授权公司及控股子公司对外提供担保的议案 10 | | | | 关于选聘 | 2025 年度会计师事务所的议案 | 11 | | 关于为已收到的深铁集团 | 42 亿元借款提供资产质押的议案 12 | | | 关于提请股东大会给予董事会发行公司 | H 股股份之一般性授权的议案 14 | | | 关于修订《公司章程》的议案 | 16 | | | 关于修订《股东会议事规则》的议案 | | 49 | | 关于修订《董事会议事规 ...

金十数据6月23日讯，万科A公告称，公司决定行使"22万科05"赎回选择权，对赎回登记日登记在册 的"22万科05"全部赎回。赎回登记日为2025年7月7日，赎回资金到账日为2025年7月8日，赎回价格为人 民币103.21元/张（含当期利息，且当期利息含税）。债券赎回比例为100%，摘牌日为2025年7月8日。 万科A：行使"22万科05"公司债券赎回选择权 ...

万科企业股份有限公司关于行使"22 万科 05"公司债券 赎回选择权的第三次提示性公告 证券代码：000002、299903、149975 证券简称：万科 A、万科 H 代、22 万科 05 公告编号：〈万〉2025-095 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：149975。 2．债券简称：22万科05。 3．赎回登记日：2025年7月7日。 4．赎回资金到账日：2025年7月8日。 5．赎回价格：人民币103.21元/张（含当期利息，且当期利息含 税）。 6．债券赎回比例：100%。 7．摘牌日: 2025年7月8日。 一、"22万科05"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（第三期）（品种一）。 3．债券简称：22 万科 05。 1 4．债券代码：149975。 5．债券余额：29 亿元。 6．债券期限：本期债券期限为 5 年期，附第 3 年末发行人赎回 选择权、调整票面利率选择权、投资者回售选择权。 7． ...

| 000538 | 云南白药 | -0.02 | 0.29 | -464.02 | | --- | --- | --- | --- | --- | | 603195 | 公牛集团 | -3.31 | 0.27 | -294.27 | | 000599 | 青岛双星 | 1.20 | 1.94 | -269.88 | | 603031 | 安孚科技 | 0.68 | 0.92 | -259.74 | | 603043 | 广州酒家 | -0.84 | 0.32 | -234.96 | | 002820 | 桂发祥 | 2.19 | 2.89 | -64.03 | | 600305 | 恒顺醋业 | 0.26 | 0.46 | 1.38 | | 603156 | 养元饮品 | -1.67 | 0.17 | 8.65 | | 001328 | 登康口腔 | 2.08 | 5.37 | 12.71 | | 002568 | 百润股份 | 0.53 | 1.34 | 13.18 | | 300999 | 金龙鱼 | 0.94 | 0.78 | 37.38 | | 000100 | TCL科技 | -0.46 | 0. ...

Group 1 - The company has decided to exercise the redemption option for the "22 Vanke 05" corporate bonds, redeeming all bonds registered on the redemption registration date [3] - The redemption registration date and interest payment date are set for July 7, 2025, with the redemption and delisting occurring on the same day [5] - The coupon rate for the bonds is 3.21%, with interest payments of RMB 32.10 per 10 bonds (including tax) [6] Group 2 - Investors who purchased the "22 Vanke 05" bonds on July 7, 2025, will receive the principal and interest from the redemption, while those who sold the bonds on the same day will not [4] - The company will announce whether to exercise the redemption option 20 trading days before the interest payment date of the third interest period [1] - The company will also announce whether to adjust the coupon rate for the last two years of the bond's term 20 trading days before the interest payment date [2]

Core Viewpoint - Shanghai is experiencing a significant transformation in its commercial landscape, characterized by an oversupply of shopping centers and a decline in consumer spending, leading to many malls being abandoned or underperforming [3][6][98]. Group 1: Commercial Landscape in Shanghai - Shanghai is surrounded by over 400 shopping centers, with a ratio of one large shopping center for every 80,000 people, compared to Tokyo's one for every 200,000 [3]. - The city is expected to open around 60 new commercial spaces this year, totaling over 3 million square meters, with Minhang leading in new openings [3][6]. - Despite the increase in commercial space, the retail sales growth in Shanghai has been negative, indicating a disconnect between supply and consumer demand [5][6]. Group 2: Decline of Shopping Centers - Many shopping centers in prime locations are closing down, including notable names like Pacific Department Store and Isetan, reflecting a trend of abandonment in the face of oversupply [6][23]. - The Aegean Shopping Center, which opened in 2017, has seen a dramatic decline in foot traffic, with a 90% vacancy rate in its outdoor commercial area [12][22]. - The phenomenon of shopping centers becoming "ghost malls" is evident, with many spaces being sold off or left vacant as consumer preferences shift [6][12][22]. Group 3: Market Dynamics and Trends - The commercial real estate market is undergoing a "new metabolism," with a higher rate of mall closures and a shift towards high-end retail experiences [7][74]. - The Seven Puxian Road market, once bustling, has seen rental prices plummet from 70,000 yuan to 500 yuan per month, indicating a severe decline in demand [47][70]. - Successful transformations are occurring in some areas, where malls that have repositioned themselves towards high-end offerings are thriving, while others continue to struggle [74][75]. Group 4: Corporate Strategies and Asset Sales - Major real estate companies like Wanda are selling off commercial assets to alleviate debt, with Wanda having sold nearly 90 shopping centers since 2017 [79][80]. - Vanke has also engaged in asset sales, including significant stakes in its commercial properties, reflecting a broader trend among real estate firms to divest non-core assets [88][89]. - The trend of selling commercial properties is prevalent among various firms, indicating a shift in focus towards more efficient asset management in a challenging market environment [93][94].

Core Viewpoint - Vanke has recently sold all of its A-share treasury stock to quickly raise funds, reflecting a strategic move to alleviate financial pressure and enhance liquidity [2][3][4]. Group 1: Stock Sale Details - Vanke sold approximately 72.96 million shares of A-stock from June 10 to June 12, raising a total of 479 million yuan (excluding transaction fees) [2][4]. - The average selling price was 6.57 yuan per share, significantly lower than the repurchase prices in 2022, which ranged from 17.01 to 18.27 yuan per share [2][4][5]. - The total amount spent on repurchasing these shares in 2022 was 1.291 billion yuan [3][4]. Group 2: Financial Strategy and Support - The sale of treasury stock is seen as a self-rescue measure to improve short-term debt repayment capacity and financial flexibility amid ongoing funding pressures [2][3]. - Vanke's major shareholder, Shenzhen Metro Group, has provided substantial liquidity support, including a recent loan of up to 3 billion yuan, marking the fifth loan this year totaling 14.852 billion yuan [6][7]. - The company has also adjusted its management team to address operational challenges and enhance governance, with significant changes in leadership roles [7]. Group 3: Future Outlook - Vanke's leadership, including founder Wang Shi, expressed confidence in the company's ability to regroup and strengthen its market position despite current challenges [3][7].