Xin Lang Cai Jing·2025-12-16 13:12Core Viewpoint - Vanke Enterprise Co., Ltd. announced the progress of guarantees related to loans applied by its subsidiary to meet operational needs, with various forms of collateral provided for the loans [2][7]. Group 1: Loan Details - The subsidiary Intense Sunshine Limited applied for a bank loan of HKD 105,019.54 million (RMB 97,206.09 million) from United Overseas Bank Limited, with a term of 3 years, expiring in December 2024 and extended for 1 year [2][7]. - The current loan balance remains at HKD 105,019.54 million, and the bank has agreed to continue providing the loan for an additional year under the same guarantee conditions [4][8]. Group 2: Guarantee Methods - Various entities are providing guarantees, including SCPG Holdings Company with joint liability guarantees, and Sunshine Business Limited, which is pledging 100% equity of Intense Sunshine Limited [3][8]. - Other subsidiaries, such as In-power No. 1 Limited, In-power No. 3 Limited, and In-power No. 4 Limited, are providing equity pledges for their respective holdings in Walmart-related companies [4][8]. Group 3: Financial Impact - As of November 30, 2025, the total guarantee balance for the company and its subsidiaries will be RMB 844.93 billion, representing 41.69% of the audited net assets attributable to shareholders as of the end of 2024 [5][9]. - The breakdown of guarantees includes RMB 819.52 billion for the company and other subsidiaries, RMB 16.68 billion for joint ventures, and RMB 8.73 billion for other companies, with no overdue guarantees reported [5][9].