China Vanke (02202) provided a guarantee for the joint venture Shaoxing Yuanhao's loan.

CHINA VANKE (02202) announced that Shaoxing Yuanhao plans to apply for a loan term adjustment of no more than 8 billion yuan from Ping An Bank. The company and Hangzhou Yuanting will provide joint liability guarantee and equity pledge guarantee for the aforementioned loan in proportion to 50% of the equity. The guarantee amount and the pledge guarantee amount will not exceed 4 billion yuan, with the joint liability guarantee term starting from the date of debt performance for three years, and the equity pledge guarantee term ending on the date of debt performance. Grandjoy Holdings Group and Grandjoy Holdings Group Zhejiang will also provide joint liability guarantee and equity pledge guarantee in proportion to 50% of the equity.