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。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12月8日 万科企业股份有限公司 关于"21 万科 02"票面利率调整和回售实施办法的 第二次提示性公告 证券代码：000002、299903、149358 证券简称：万科 A、万科 H 代、21 万科 02 公告编号：〈万〉2025-153 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 ...

Core Viewpoint - Vanke A (000002.SZ) announced that it will not adjust the coupon rate of "21 Vanke 02," maintaining a coupon rate of 3.98% for the next two years [1] Summary by Relevant Sections - **Bond Repurchase Details** - Investors can register for repurchase from December 9 to December 15, with a repurchase price set at 100 yuan per bond [1] - The funds from the repurchase will be credited on January 22, 2026 [1] - The company does not plan to resell the repurchased bonds, and the final resale situation will be based on the repurchase results announcement [1]

重要提示： 1、利率调整：根据《万科企业股份有限公司 2021 年面向合格投 资者公开发行住房租赁专项公司债券（第一期）募集说明书》（简称 "《募集说明书》"）的约定，公司作为"21 万科 02"（债券代码：149358） 的发行人，有权决定是否在本期债券存续期的第 5 年末调整本期债券 存续期后 2 年的票面利率。根据当前的市场行情，公司决定不调整"21 万科 02"票面利率，即"21 万科 02"债券存续期后 2 年的票面利率 为 3.98%。 2、投资者回售选择权：根据《募集说明书》中设定的投资者回 售选择权，投资者有权选择在投资者回售登记期内进行登记，将持有 的本期债券按面值全部或部分回售给发行人，或选择继续持有本期债 券。 万科企业股份有限公司 关于"21 万科 02"票面利率调整和回售实施办法的 第二次提示性公告 证券代码：000002、299903、149358 证券简称：万科 A、万科 H 代、21 万科 02 公告编号：〈万〉2025-153 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。 整本期债券票面利率及调整幅度的公告后，投 ...

债券代码 债券简称 148380.SZ 23 万科 01 149358.SZ 21 万科 02 149478.SZ 21 万科 04 149568.SZ 21 万科 06 149815.SZ 22 万科 02 149931.SZ 22 万科 04 149976.SZ 22 万科 06 中信证券股份有限公司 关于万科企业股份有限公司公司债券 临时受托管理事务报告 受托管理人 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 签署日期：2025 年 12 月 8 日 声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》，以及《万科企业股份有限公司 2020 年面向合格投资者公开发行住房租 赁专项公司债券债券持有人会议规则》《万科企业股份有限公司 2021 年面向专业 投资者公开发行公司债券受托管理协议》《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受托管理协议》（以下合称"《受托管理协议》"） 等相关规定、公开信息披露文件以及万科企业股份有限公司（以下简称"发行人" 或"公司"）出具的相关说明文件以及提供的相关资料等，由受托管理人中信证 券股份有限公司 ...

Core Viewpoint - The yield on 30-year government bonds continues to rise, with fluctuations observed throughout the day, indicating a bearish trend in the bond market [1][3]. Group 1: Government Bond Market - The yield on the 30-year government bond active coupon rose by over 2 basis points during the day, with a slight narrowing of the increase in the afternoon [1]. - The closing prices for government bond futures showed a mixed performance, with the 30-year main contract down by 0.29% to 112.240, while the 10-year main contract increased by 0.02% to 107.910 [1]. - As of 16:30, the yield on the 10-year government bond active coupon rose by 0.55 basis points to 1.834%, while the 30-year government bond yield increased by 0.45 basis points to 2.256% [1][2]. Group 2: Market Sentiment and Technical Analysis - Analysts indicate that the 30-year government bond futures have technically broken down, confirming a downward trend, with trading firms continuing to follow this trend [3]. - The market sentiment was slightly calmed by a political bureau meeting, but the bond market still lacks direction, suggesting potential further weakness influenced by upcoming news [3]. Group 3: Central Bank Operations - The central bank conducted a reverse repurchase operation of 122.3 billion yuan at a fixed rate of 1.40%, with a net injection of 14.7 billion yuan for the day [4]. - Short-term Shibor rates have collectively risen, with the overnight rate up by 0.1 basis points to 1.302% and the 7-day rate up by 1.0 basis points to 1.426% [4]. Group 4: Secondary Market Performance - In the secondary market, Vanke bonds showed significant rebounds, with "21 Vanke 04" rising over 31% and "21 Vanke 02" increasing over 23% [2]. - Conversely, some bonds like "22 Vanke 06" and "24 Industrial Integration 08" experienced declines of over 4% [2].

格隆汇12月8日丨交易所债券市场收盘，"21万科04"涨超31%，"21万科02"涨超23%，"22万科04"涨超 20%，"21万科06"涨近20%，"22万科02"涨超18%。 ...

Core Viewpoint - Vanke A has communicated a clear signal to the market by establishing a bond repurchase arrangement, addressing recent market volatility and investor concerns [1][2]. Group 1: Bond Repurchase Arrangement - The company announced that investors can repurchase the "21 Vanke 02" bond at a face value of 100 yuan on January 22, 2026 [1]. - The current market price of the bond is approximately 21.71 yuan, which is seen as a strong declaration of the company's repayment capability [2]. Group 2: Market Response and Debt Management - The recent actions by Vanke are aimed at countering market rumors and short-selling activities that have led to significant declines in bond prices and fluctuations in stock prices [2]. - Vanke's proactive debt management is expected to alleviate irrational panic in the market, restore reasonable bond valuations, and positively impact the overall financing environment in the real estate sector [3]. Group 3: Support from Major Shareholders - The extension arrangements for certain notes have received support from major shareholders, including Shenzhen Metro Group and Shenzhen state-owned enterprises, indicating a high probability of success [3].

Group 1 - Vanke's bonds experienced a significant rebound on December 8, with six domestic bonds rising sharply, triggering temporary trading halts, with increases exceeding 36% for some bonds [1] - Despite the bond recovery, Vanke's stock price remains low, with Vanke A shares at 4.94 CNY per share, down 0.2%, and Vanke Enterprises at 3.56 HKD per share, down 0.28% [1] - Recent developments indicate that Vanke is progressing with bond extensions, having released a summary of proposals for the "22 Vanke MTN004" first bondholder meeting on December 5 [1] Group 2 - Proposal one suggests a 12-month extension for principal repayment, with the adjusted repayment date set for December 15, 2026, and no compound interest during the extension period [2] - Proposal two requires normal interest payment before the extension and additional credit enhancement measures, including guarantees from Shenzhen Metro Group or other acceptable Shenzhen state-owned enterprises [2] - Proposal three is similar to proposal two but requires only corresponding credit enhancement measures for the bond extension [2]

万科多只境内债盘中二次临停，"22万科06"涨超42%，"21万科02"涨超38%，"23万科01""22万科02"涨 超37%，"21万科06"涨超36%，"21万科04"涨超33%，"22万科04"涨超30%。 ...

每经AI快讯，12月8日，万科多只债券上涨超20%，"22万科02"、"21万科02"、"21万科06"涨超20%，盘 中临时停牌。 （文章来源：每日经济新闻） ...