Vanke: After the extension of the grace period for "Vanke MTN004" to 22 days, its repayment order shall not be inferior to any bond issued by the issuer, which has a maturity date later than this bond.

Vanke Corporation Limited Announcement: The issuer has accepted the voting results of the "22 Vanke MTN004" holder meeting. The issuer will communicate and negotiate openly with all parties, study and improve measures, and continue to seek a solution for this bond issue to maintain the long-term common interests of all parties. At the same time, to safeguard the rights of bondholders, the issuer makes the following commitments regarding the medium-term notes: After the extension of the grace period for this medium-term note, its payment order will not be inferior to the issuer's all bonds due later than this medium-term note. Before paying off the principal and accrued interest of this medium-term note, the issuer shall not pay the principal to any subsequent bonds due. This extension of the grace period only adjusts the payment deadline of this medium-term note and does not change the original payment order determined on December 15, 2025. If the issuer improperly pays the principal to subsequent bonds due, the principal and interest of this medium-term note that has not been paid will immediately become due for payment.