Universal Development: Chairman Wang Yihui will be detained.

Announcement of Vanke Development: Wang Yihui, the actual controller and chairman of the company, has been placed under detention measures. The company held the twenty-first ad hoc meeting of the ninth board of directors on August 18, 2025. Mr. Qian Jinzhou, a director and CEO of the company, will temporarily assume the responsibilities of the chairman of the board, legal representative, director of the board's strategic committee, and member of the nomination committee. The term of office for these responsibilities will be from the date of approval by the board of directors until the restoration of Mr. Wang Yihui's duties or the election of new relevant personnel.