Vanke A: Publicly listed transfer of 99.413% equity of HuanShan Group at a minimum price of 3.27 billion yuan.

Vanke A announced that its indirectly wholly-owned subsidiary intends to publicly list and transfer approximately 99.413% equity of Huan Shan Group, with a listing price of 3.27 billion yuan. The purpose of this transaction is to optimize cash flow, drive non-core business exits, and after completion, Huan Shan Group will no longer be included in the company's consolidated financial statements. If the transaction is completed at the base price, it is expected to reduce net profit by approximately 948 million yuan.