Vanke A: Shenzhen Iron and Steel Group provides the company with a shareholder loan limit of 2.5 billion yuan; the company signs a supplementary agreement for 22 billion yuan in shareholder loans

Vanke A announced that the company’s board of directors approved the proposal regarding the framework agreement for a 2.5 billion yuan shareholder loan from Shentie Group and the company’s guarantee, as well as the proposal to sign a supplementary agreement for the 22 billion yuan shareholder loan.
Both of these proposals involve related-party transactions, with related directors abstaining from voting, and they still need to be submitted for shareholder approval.
On May 12, 2026, the company signed a “Supplementary Framework Agreement” to the “Framework Agreement” with Shentie Group regarding the shareholder loan and asset guarantee (hereinafter referred to as the “Supplementary Agreement”), which further specifies arrangements related to the guarantee method, collateral, pledge-to-value ratio, and other details under the original 22 billion yuan shareholder loan.
The scope of collateral has been expanded to include commercial real estate, fixed assets, inventories, construction-in-progress, stocks, unlisted company equity, partnership interests, bills, certificates of deposit, claims, accounts receivable, and future income rights from projects, with pledge-to-value ratios adjusted to 60%-100% and 50%-100%.
This matter still requires shareholder approval.