Vanke proposes to extend the maturity date of the bonds due on December 28th by 12 months.

Vanke announced a proposal to postpone the redemption of the RMB bonds due on December 28. Vanke suggests extending the redemption period of the bonds due on December 28 by 12 months, proposing to pay RMB 111 million in interest on December 28 and planning to increase corresponding credit enhancement measures in the bond extension plan.