Vanke's 3.7 billion yuan medium-term note extension proposal is released, with six proposals awaiting shareholder vote.

Following the 2 billion yuan medium-term notes, Vanke's proposal for a 3.7 billion yuan medium-term notes extension has been announced. On the evening of December 17th, China Merchants Bank Limited, as the organizer, disclosed the proposal outline of Vanke's 2022 Fifth Medium-Term Notes First Holder Meeting. The original maturity date of "22 Vanke MTN005" to be extended was December 28th of this year, with a bond balance of 37 billion yuan and a coupon rate of 3.00%. China Merchants Bank had previously issued an announcement to convene a holder meeting for the extension on December 22nd. This is the second bond extension proposal that Vanke plans to carry out this year. The first extension proposal for the 20 billion yuan medium-term notes "22 Vanke MTN004" did not achieve the required 90% approval and was not passed. Vanke introduced a new extension proposal on December 16th, which is currently awaiting a vote by creditors. According to the proposal outline of the 37 billion yuan medium-term notes, there are six proposals in total. All proposals must be approved by holders with over 90% voting rights to take effect.