Group 1 - The Central Committee and the State Council of China issued opinions on continuing urban renewal actions, outlining eight main tasks including the renovation of existing buildings and the improvement of urban infrastructure [1] - The Ministry of Natural Resources reported that over 2,200 counties and cities have implemented the "delivery of property certificates upon delivery of new homes" reform, covering over 90,000 projects and benefiting more than 18 million people [2] - Country Garden's total contract sales in April amounted to approximately 2.67 billion yuan, with property contract sales around 2.50 billion yuan and renovation contract sales about 166 million yuan [3] Group 2 - Vanke announced the redemption of its "20 Vanke 04" corporate bond, with a total redemption amount of 1.5 billion yuan and an interest payment of 51.75 million yuan, with a redemption price of 103.45 yuan per bond [4] - Guangzhou Urban Construction announced that its "22 Guangzhou Construction 03" corporate bond will pay interest in 2025, with a total issuance amount of 1 billion yuan and a coupon rate of 2.84% [5]

Core Points - Vanke A has completed the redemption of the "20 Vanke 04" corporate bonds [1] - The redemption registration date is set for May 16, 2025, with the funds to be credited on May 19, 2025 [1] - The redemption price is RMB 103.45 per bond, including the current interest which is tax-inclusive [1] - The redemption ratio is 100%, with the bonds being delisted on May 19, 2025 [1] - The total amount of the bond redemption is RMB 1.5 billion, with interest payments amounting to RMB 51.75 million [1] - The company has transferred the principal and interest to the designated bank account of China Securities Shenzhen Branch [1] - This bond redemption will not have a materially adverse impact on the company [1]