CHINA VANKE (02202.HK): Subsidiary Provides RMB200m Mortgage Guarantee for Loan Extension; Guarantees at RMB93.636bn

NewTimeSpace News: On 28 September 2026, China Vanke Co., Ltd. (stock code: 02202) released an overseas regulatory announcement setting out its mainland announcement on guarantee progress: wholly-owned subsidiary Shenzhen Boyu earlier borrowed RMB400 million from Huaxia Bank Shenzhen Branch with a one-year term extended once, leaving an outstanding balance of RMB200 million; the bank has agreed to extend the RMB200 million loan by a further year, with controlled subsidiary Shenzhen Fuchun providing mortgage security over its assets, the guarantee arrangement unchanged.

Shenzhen Fuchun signed a mortgage contract with Huaxia Bank to continue guaranteeing the loan, with a guaranteed principal amount of RMB200 million until repayment of the debt. Shenzhen Boyu is principally engaged in housing leasing and related property management, with total assets of RMB1,745.96 million and net assets of RMB521.19 million as at 30 June 2026, and revenue of RMB225.17 million and net profit of RMB79.53 million for the first half of 2026.

As at 31 August 2026, the Company and its controlled subsidiaries had aggregate outstanding guarantees of RMB93.636 billion, representing 80.10% of the audited net assets attributable to shareholders of the listed company at end-2025, including RMB91.065 billion for the Company and other controlled subsidiaries, RMB1.657 billion for associates and joint ventures, and RMB914 million for other companies; the aggregate remains unchanged after this guarantee. The 2025 AGM authorised new guarantees of up to RMB100 billion, within which this guarantee falls, with decisions on single guarantees below RMB5 billion delegated to the executive vice president.

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