Vanke’s latest disclosure

　　: A wholly-owned subsidiary applies for the company.Loans provide guarantees;: It is planned to spend 60 million yuan to 120 million yuan to buy back shares;: company andNo business cooperation;: Termination of reorganization;: Signing a contract with Huawei Cloud for a Netcom project in Algeria …

　　Focus 1: wholly-owned subsidiaries provide guarantees for the company to apply for loans.

　　As the principal debtor and a wholly-owned subsidiary of the company, co-borrower applied for a total loan of 7.784 billion yuan respectively, with a term of 42 months. The company’s wholly-owned subsidiaries provide guarantees for the relevant loans. In addition, as a borrower, the company applied for a loan of 1 billion yuan from the bank. Shenzhen Wanzhong Yuhong Operation Management Co., Ltd., a wholly-owned subsidiary of the company, provides corresponding mortgage guarantee for the above loan with its real estate assets. As of April 30, 2024, the balance of external guarantees of the company and its holding subsidiaries was 28.582 billion yuan, accounting for 11.40% of the audited net assets attributable to shareholders of listed companies at the end of 2023. The company has no overdue guarantee or guarantee involving litigation. After this guarantee, the total external guarantee of the company and its holding subsidiaries will be 47.205 billion yuan, accounting for 1.882% of the company’s audited net assets attributable to shareholders of listed companies at the end of 2023.

　　Focus 2: It is planned to spend 60 million yuan to 120 million yuan to buy back shares.

　　The company decides to use its own funds to buy back the company’s shares by centralized bidding, which is intended to be used in the employee stock ownership plan orPlan. The amount of shares repurchased this time is not less than 60 million yuan and not more than 120 million yuan, and the repurchase price is not more than 4.06 yuan/share.

　　Focus 3:: The company and no business cooperation

　　The company issued a stock trading risk warning announcement. According to relevant media information, the company was listed as a concept stock. After self-examination, the company has no business cooperation with NVIDIA. The company’s market environment and industrial policies have not been significantly adjusted, and the company’s internal production and operation order is normal.

Fixed increase & reorganization

　　: disclose the plan to issue shares to a specific object in a summary procedure. The total amount of funds raised in this issuance does not exceed 300 million yuan, and all of them will be used in Zhongjing after deducting the issuance expenses.Power andFPC application module project (Phase I), replenishment of liquidity and repayment of bank loans.

　　: The company intends to issue shares to a specific target by a simple procedure, and the total amount of funds raised will not exceed 250 million yuan. The net amount of funds raised after deducting the issuance expenses will be used for Zhengyuzhi Gardening Project.

　　: The company plans to issue shares to Li Xin, the actual controller of the company, at a price of 23.49 yuan/share, and the total amount of funds raised will not exceed 500 million yuan. After deducting the issuance expenses, it is planned to be used for the second-phase construction project of enterprise technology center, the construction project of marketing outlets and product exhibition center and to supplement the working capital.

　　The company originally planned to issue shares, convertible corporate bonds and pay cash to purchase 49.00% equity of Muxin Technology (Shanghai) Co., Ltd. and raise matching funds. At present, the company holds 51.00% equity of Mouxin Technology, which is a holding subsidiary of the company. After the completion of this transaction, Muxin Technology will become a wholly-owned subsidiary of the company. In view of the fact that this reorganization has lasted a long time since the planning and the market environment has changed greatly compared with the initial planning of this reorganization, the company decided to terminate this reorganization based on prudent consideration through friendly consultation, careful study and full demonstration with all parties involved in the transaction.

material particulars

　　: The company plans to acquire 40% equity of Guangxi Huayi Co., Ltd. (referred to as "Guangxi chlor-alkali"), a subsidiary of the company held by Shanghai Huayi, the controlling shareholder of the company, for RMB 685,082,000. After the above-mentioned share purchase is completed, the company holds 100% equity of Guangxi chlor-alkali, and Guangxi chlor-alkali becomes a wholly-owned subsidiary of the company. In 2019, Guangxi Chlor-Alkali, a subsidiary of the company, invested in the construction of 300,000 tons/year caustic soda and 400,000 tons/year PVC project in Qinzhou, Guangxi (referred to as "Guangxi Qinzhou Project"). During the project construction, due to the limited funds of the company, Shanghai Huayi, the controlling shareholder of the company, jointly invested in the construction. In November 2022, the Qinzhou project in Guangxi was completed and put into operation. In order to increase the income of listed companies and improve the return of shareholders of listed companies, the company plans to acquire 40% equity of Guangxi chlor-alkali in cash to realize 100% shareholding in Guangxi chlor-alkali.

　　: The company plans to use RMB 30 million to purchase 51% equity of Wuxi Xinjuli Technology Co., Ltd. held by Zhao Laigen (corresponding to the registered capital of RMB 31,227,300, including the paid-in registered capital of RMB 1,227,300), and undertake the obligation to pay the unpaid capital of the underlying equity after the equity transfer. After the completion of this transaction, Xinjili will become a holding subsidiary of the company. New cohesion is a set of planning and design,、, equipment manufacturing, engineering implementation, after-sales service in one EPC-level smart logistics system solution service provider for the whole plant, serving LG,, Zhengli Xinneng and many others.Head enterprise, inThe field of sodium is the first to obtain industrial application, andIn the field of AMHS equipment, domestic substitution of some core equipment has been realized. The assessment period of this transaction is from 2024 to 2026, and the cumulative target net profit of the new cohesion assessment period is not less than 120 million yuan. The transferor promises to purchase the transferee’s shares from the secondary market with a capital contribution of not less than 10 million yuan within 6 months from the delivery date, and to voluntarily lock in the shares for three years from the date when all the funds are used up.

　　: The company disclosed on February 27th, 2024 that Liu Xiaodong, the chairman, legal representative and general manager of the company, was detained. On May 23, 2024, the company received the Notice of Removing Lien issued by the Supervision Committee of Nanzheng District of Hanzhong City, and the Supervision Committee of Nanzheng District of Hanzhong City has removed the lien measures against Liu Xiaodong.

　　: The Information Center of Handan Finance Bureau, a shareholder holding more than 5% of the company’s shares, plans to transfer all the 22,932,000 shares (holding 7.75%) of the company to Handan Industrial Investment Group Co., Ltd. for free. According to relevant regulations, this free transfer has been studied and approved by Handan Finance Bureau and State-owned Assets Supervision and Administration Commission of Handan Municipal People’s Government, and both parties to the equity transfer have signed the Agreement on Free Transfer of Equity. This equity change does not involve the change of the company’s control right.

　　: The meeting of the board of directors and the meeting of the board of supervisors reviewed and approved the Proposal on Investing in the Establishment of Companies in the United States. The name of the company to be established this time is American Kuaike Photovoltaic Electronics Co., Ltd., with a registered capital of no more than 13 million US dollars. The company said that setting up a company in the United States is in line with the development trend of the photovoltaic industry and will further improve the company’s production capacity layout, so as to better meet the customer’s production capacity supporting needs and improve the company’s comprehensive competitiveness.

　　Considering the changes of internal and external environment, strategic development plan, future financing plan and many other factors, after full communication and careful analysis by all parties concerned, the company decided to terminate the issue of convertible bonds to unspecified objects and withdraw the application documents.

　　According to the announcement on the disclosure of abnormal fluctuations in stock trading, combined with the analysis of the company’s recent business situation and internal and external business environment, the company’s various businesses have developed steadily without major changes, and there is still great pressure in operation, and there is great uncertainty in future business performance. If the introduction of customers and orders in the future is not as expected, and the factors affecting the company’s operating performance in 2023 have not changed significantly, it will continue to affect the company’s operating performance.

　　On May 23, 2024, the company signed the Strategic Cooperation Framework Agreement on Joint Venture to Establish Two New Recycling Digital Platforms and Serve Two New Platforms with Hubei Supply and Marketing Group Co., Ltd. and Recycling Brother (Wuhan) Internet Co., Ltd., and the three parties decided to carry out all-round cooperation in the fields of digital recycling platform, circular economy industrial cluster, renewable resource product supply chain, remanufacturing industrial chain, technology research and development, and form a strategic partnership, and join forces to give full play to their respective advantages and resources. That is to jointly build "1" digital recycling platform; Carry out "3" circular economy industrial cooperation; Build "1" supply chain of renewable resources products and improve "a network of renewable resources"; Cooperate to create "1" innovative technology platform for the research of "two new strategies" and renewable resources industry.

　　The company has applied to the Stock Exchange of Hong Kong Limited to issue bonds under its medium-term notes of US$ 40,000,000,000. It plans to issue debts only to professional investors within 12 months from May 23, 2024.The way to go public. It is expected that the planned listing will take effect on May 24, 2024.

　　Nanjing Yujie Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to bid for 1.59% equity of Weimeizi Industrial (Guangdong) Co., Ltd., with an estimated price of 36.1639 million yuan and a starting price of 25.3147 million yuan. Wei Meizi is a leading provider of oral care products in China, and its "Shuke" brand is China oral care brand. In 2017, Shuke brand was rated as a well-known trademark in China by the Trademark Office of the State Administration for Industry and Commerce. In addition, Wei Meizi’s "Shuke Baby" brand is a well-known brand in China children’s oral care products market.

　　: The company received the "Lacoxamide" issued by National Medical Products Administration.Notice of Approval for Drug Marketing Application, Lacoxamide belongs to the third generation of antiepileptic drugs, which is mainly suitable for monotherapy of partial seizures in patients aged 4 years and above..

　　Shuanghe Limin, a wholly-owned subsidiary of the company, received the Drug Registration Certificate for phloroglucinol injection issued by National Medical Products Administration, and this time obtaining the Drug Registration Certificate is deemed to have passed the conformity evaluation. Phloroglucinol injection is used to treat acute spasm pain caused by digestive system and biliary tract dysfunction; Acute spastic colic of urethra, bladder and kidney; Gynecological spasmodic pain.

　　: Company and HuaweiTechnology Co., Ltd. signed a project contract for Algeria Netcom, with a total contract amount of RMB 53,687,600 (including tax), accounting for 3.20% of the company’s audited operating income in 2023.

　　The board of directors of the company received the written resignation submitted by Liang Baojun, senior vice president of the company. Liang Baojun resigned as the senior vice president of the company due to his job transfer. The resignation will take effect on May 23, 2024.

　　: The company recently received the official reply from the State Financial Supervision and Administration on the qualifications of Liu Hui and Ruan Qi. According to the reply, the General Administration of Financial Supervision has approved the qualifications of Liu Hui and Ruan Qi as directors of the company, and the above positions will take effect on May 17, 2024. Since the same day, Liu Hui has been a member of the Strategy and Asset-Liability Management Committee of the seventh board of directors of the Company, and Ruan Qi has been a member of the Risk Management and Consumer Rights Protection Committee of the seventh board of directors of the Company.

　　: The board of directors of the company received Shao Guanglu’s written resignation report on May 23, 2024. Due to his age, Shao Guanglu resigned as the executive director, president and chief operating officer of the Company. Shao Guanglu’s resignation takes effect from the date when the resignation report is delivered to the board of directors of the company.

　　: The board of directors of the company agreed to appoint He Jinsong as the vice president of the Bank, and he officially took office as of the date when the regulatory authorities approved his qualifications as vice president.

　　The company received the registration approval of insulin glargine injection (pre-filled pen) issued by COFEPRIS, the federal health risk protection agency of Mexico. Insulin glargine injection is a long-acting insulin analog product, which is injected once a day, and the action time can last for 24 hours after the injection takes effect, making it a particularly important basic insulin analog in the treatment of diabetes.

　　: Upon application of the company and handling by Shanghai Stock Exchange, the abbreviation of the company will be changed from ""to "Lotus Holdings" on May 29th, 2024, and the company’s stock code "600186" will remain unchanged.

　　The company decided to join hands with its holding subsidiary to import and export, and jointly invested 6.4 million euros (about 7 million US dollars) with its own funds to set up the European headquarters of Heli. Among them, the company invested 6.08 million euros, with a direct shareholding ratio of 95%; Heli’s import and export investment is 320,000 euros, with a shareholding ratio of 5%. The company decided to set up a wholly-owned subsidiary Heli Overseas (Germany) R&D Center with its own funds, with an investment of 940,000 euros (about 1 million US dollars).

Increase or decrease holding

　　Ningbo Hongjing, a shareholder holding 5.86% of the shares, intends to reduce the total number of shares of the company held by him by centralized bidding and block trading to no more than 8,195,014 shares, accounting for no more than 2% of the company’s total share capital.

Suspension and resumption of trading

　　Resumption of trading: Not yet.

　　Suspension: Not yet.

　　(Note: Data as of 20: 30 on 23rd)