At its May 29, 2025 annual meeting Vanke said publicly issued bonds maturing June–December 2026 total 10.12 bln yuan and repayment pressure remains significant. For four public bonds concentrated in June–July, the company is orderly advancing an overall extension, will adhere to a 'same debt, same rights' and fair treatment principle, apply previously proven extension schemes via a unified proposal with bond-by-bond simultaneous voting, and proceed with holders' meetings to implement the plan.