Xin Lang Zheng Quan·2025-11-20 07:53Core Viewpoint - Vanke held its first extraordinary general meeting of shareholders for 2025, addressing the issue of asset pledges related to shareholder loans, emphasizing that these arrangements are standard practice and in line with market principles [1] Summary by Relevant Sections Shareholder Loan and Asset Pledge - The management of Vanke stated that the shareholder loan agreements already included provisions for asset pledges, and corresponding security measures were disclosed in previous announcements [1] - The asset pledge is a conventional arrangement for loans, reflecting market-oriented and legal principles [1] Authorization and Funding - The current meeting seeks to obtain shareholder authorization to complete the asset pledge procedures, which were expedited to meet Vanke's funding needs and avoid delays due to lengthy approval processes [1] - The major shareholder has already provided part of the funding to alleviate liquidity pressure, with a total of approximately 30.8 billion yuan in loans provided this year, under terms more favorable than those from financial institutions [1]