China Vanke Co.,Ltd. (H-share: 02202, A-share: 000002, stock name: Vanke A) has issued a formal announcement addressing unusual fluctuations in its A-share trading. The company's A-shares recorded cumulative closing price gains exceeding 20% over three consecutive trading sessions — September 18, September 21, and September 22, 2026 — which, under the trading rules of the Shenzhen Stock Exchange, qualifies as abnormal stock price movement.
In response to this volatility, the company conducted an internal review and also sent a written inquiry to its largest shareholder, Shenzhen Metro Group Co., Ltd. (referred to as the "largest shareholder"), to verify relevant matters. The findings are outlined as follows.
First, the company's recent operations remain stable, with no significant changes in its internal or external operating environment. As previously disclosed in its periodic reports, in 2026 the company will focus on two primary themes: risk resolution and development. It is committed to advancing city-level and business segment consolidation, continuously enhancing product and service capabilities, and simultaneously optimizing its asset-liability structure through the revitalization of existing resources and bulk asset transactions. The company also plans to implement financing optimization measures such as refinancing and extension arrangements to gradually ease upcoming repayment pressures and prudently manage debt risks. These initiatives are currently being actively progressed.
Second, the company has noted increased trading activity among listed property companies in the stock market recently. However, it has not identified any undisclosed material information in recent public media reports that could, or already has, significantly impacted the trading price of its shares.
Third, following a self-inspection and verification with the largest shareholder, as of the date of this announcement, neither the company nor the largest shareholder has any major matters concerning the company that should be disclosed but have not been, apart from information already publicly disclosed through designated media channels. During the period of abnormal stock price fluctuation, the largest shareholder did not actively buy or sell the company's shares.
Fourth, no corrections or supplements are needed for information previously disclosed by the company. The company's board of directors confirms that, aside from already published information and the matters mentioned above, there are currently no other items required to be disclosed under the listing rules of the Shenzhen Stock Exchange, nor any related plans, negotiations, intentions, or agreements. The board has also not become aware of any information that should be disclosed but has not been, which could significantly affect the trading prices of the company's shares or derivative instruments. Additionally, no amendments or additions to prior disclosures are necessary.
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