Cai Jing Wang·2025-10-30 12:41Core Viewpoint - Vanke A announced that its largest shareholder, Shenzhen Metro Group, intends to provide a loan of up to 2.2 billion yuan to the company for repaying the principal and interest of bonds issued in the public market [1][4]. Group 1: Loan Details - The loan amount is capped at 2.2 billion yuan, with a term not exceeding 3 years [1][4]. - The interest rate will be the one-year Loan Prime Rate (LPR) published by the National Interbank Funding Center on the working day prior to the drawdown, minus 66 basis points [1][4]. Group 2: Related Party Transaction - Shenzhen Metro Group holds a 27.18% stake in Vanke, qualifying it as a related party [4]. - The transaction has been approved by the company's board of directors, with related directors abstaining from voting [4]. - This transaction does not constitute a major asset restructuring as defined by relevant regulations, and does not require approval from regulatory authorities [4]. Group 3: Related Party Information - The lender, Shenzhen Metro Group, is a state-owned enterprise [5].