Core Viewpoint - The announcement reveals a loan framework agreement between Shenzhen Metro Group and Vanke Enterprises, where the latter will receive a total loan of up to RMB 22 billion, secured by the pledge of shares in the company [1] Group 1: Loan Agreement Details - Shenzhen Metro Group will provide a cumulative loan not exceeding RMB 22 billion to Vanke Enterprises, with the agreement signed on November 2, 2025 [1] - Vanke Enterprises will use 15.32 million shares of the company as collateral for the loan, which represents approximately 1.33% of the company's total issued share capital, excluding treasury shares [1] Group 2: Share Control and Pledge Implications - As of the announcement date, Vanke Enterprises controls 661 million shares of the company, accounting for about 57.16% of the voting rights of the total issued share capital, excluding treasury shares [1] - The pledged shares, along with previously pledged shares, will still allow Vanke Enterprises to maintain full control over the company's voting rights, totaling approximately 57.16% [1] - The share pledge is not intended to secure the company's debts or guarantees and does not fall under the provisions of Listing Rule 13.17 [1]