Vanke Co., Ltd Announcement on Requesting the Shareholders' Meeting to Authorize the Company and Controlling Subsidiaries to Provide Financial Assistance Externally
Stock codes: 000002, 299903 Stock abbreviations: Vanke A, Vanke H Dai Announcement Number: "Ten Thousand Yuan" 2026-032 The company and all members of the board of directors guarantee that the announcement content is true, accurate, and complete, without any false records or misleading content
Statements or material omissions.
Given that real estate development often adopts the project company model, the registered capital of the project company is usually insufficient to cover the costs to cover the funds needed for project operation. In principle, all shareholders should provide funds to the project company according to their equity ratios, and the funds shall be provided by This forms the company's financial support for joint venture project companies, meeting the normal operational needs of the real estate business and meeting the requirements
Regulatory requirements and industry characteristics. The company's annual shareholders' meetings have approved authorization for financial assistance.
According to the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange" issued and implemented by the Shenzhen Stock Exchange, No. 1 — Standardized Operation of Main Board Listed Companies (2025 Revision) and "Shenzhen Stock Exchange Listed Companies." Self-Regulatory Guideline No. 3—Industry Information Disclosure (2025 Revision)), to address the challenges faced by project companies to improve the efficiency of fund utilization, and recommends that the board approve the increase in the total authorized net financial support No more than 58.45 billion yuan. In addition, to reduce capital pressure, and following industry practice, all parties to the shareholders of the cooperation project are not included the project company can allocate surplus funds according to the equity ratio and form projects within the scope of the company's consolidated financial statements