slotchristmascarol| Vanke accepted surveys from CICC and others to respond to the scale of debt, executives taken away by public security, and reports of tax evasion.

Special topic: Yu Liang appeared to respond to public opinion rumors such as Vanke's recent operation, being reported and being controlled by the border.

[Dahe Financial Cube News] on April 14, Vanke was investigated by UBS Securities, China International Capital Corporation, Morgan Stanley, CITIC Securities (Rights Protection) and other institutions. Vanke Chairman Yu Liang, President Zhu Jiusheng, and Board Secretary Zhu Xu attended the survey.

In the survey, Vanke said, first of all, from the general managerSlotchristmascarolAccording to the business situation of Vanke, the current VankeSlotchristmascarolIndeed encountered phased operational difficulties, liquidity short-term pressure. However, we have formulated a package of plans to stabilize operations and reduce debt, which can properly resolve these phased pressures.

We will first of all be based on "self-help", based on our own ability and resources to defuse risks, reopen and review all existing businesses, sort them out, and formulate targeted plans. Therefore, the package I mentioned is not a plan, but a series of programmes.

The second is to make full use of all kinds of existing financing tools, and we have actively mobilized various frontline forces to make good use of a series of policy financing tools issued by the central government that are conducive to the industry to defuse risks. During this period, we have received understanding, support, guidance and help from financial institutions, and we are grateful.

The ultimate goal of these big plans is what I said at the performance conference. We are confident that our debt will be reduced by 100 billion yuan this year and next, and the debt risk will be substantially resolved. Here I also solemnly promise that all projects of Vanke Group will be delivered on time and of high quality.

At the same time, Vanke also said that in the recent negative public opinion, there are some doubts about the moral hazard of management. There is no management seeking self-interest. Today, it seems that some of the past models and practices no longer adapt to the new stage of development of the industry, we will conduct a comprehensive review and comb, and formulate corresponding strategies. If we find a violation, we will actively rectify it; if we find a violation of the law, the group will not tolerate it.

On Jinan Vanke general manager Xiao Jin was taken away by the public security organs, Vanke said that Xiao Jin is a personal case and has nothing to do with Yantai report. The group has arranged for the Beijing area and Jinan company to communicate with the Jinan political and legal Commission and the police investigating the case. Police said Xiao Jin's case was his personal case and had nothing to do with the Yantai report. The Jinan Municipal Commission of political Science and Law said: the Xiao Jin incident is a personal problem, which should be distinguished from the normal business behavior of Vanke Group and Jinan Vanke; it will, as always, support Vanke's business development in Jinan and help the implementation of the strategy of "strengthening the provincial capital"; in ensuring delivery, if political and legal system services are needed, arrange for special personnel to coordinate and dock.

Yantai whistleblower reported tax evasion to the tax authorities in 2023. Starting from September 2023, Yantai Taxation Bureau inspected 11 projects of Yantai Vanke with full process and full tax categories. The connection between tax and enterprises is smooth, Yantai Vanke does not refuse to pay accounts, and Vanke Group has transferred 7 staff members from Beijing area to cooperate with the inspection, all account books have been handed over to the Inspection Bureau, and relevant auxiliary materials have been provided one after another according to the needs of the inspection. The tax authorities exchanged preliminary inspection opinions with Yantai Vanke. At present, the tax authorities have not determined that Yantai Vanke has the subjective intention of tax evasion.

It is rumored that after Cai Ping, the head of Central China, went to the United States and did not return, all Vanke group vice presidents and above are currently under border control.

In response, Vanke said that the actual situation is that Cai Ping, the former chief partner of Central China, was born in the United States, but now he has reached the stage of education and needs family company. He resigned in 2023 and obtained the consent of the company. Wang Runchuan, the lead partner of the former headquarters collaboration Center, offered to leave because he went to Hong Kong for further study. At present, people often live in Shenzhen. The management of the group carries out official trips abroad normally. Zhu Jiusheng, president of the group, just returned from his inspection project in Hong Kong today. Zhu Baoquan, co-president of the group, flew to Japan at noon today (April 14) for a business inspection.

Editor: Chen Yuyao | Audit: Li Zhen | Supervisory Review: Wan Junwei

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