The 37th meeting of the 20th session board of China Vanke Co., Ltd. on 10 July 2026 approved resolutions to refresh its board composition, appoint a staff representative director and adjust directors’ remuneration. Key items will be tabled for shareholder vote at the first extraordinary general meeting (EGM) of 2026, scheduled for 31 July 2026 at the company’s Shenzhen headquarters.
Board renewal • Six non-independent director candidates have been nominated for the 21st board session (three-year term): Huang Liping (incumbent chairman), Huang Yu (company president), Lei Jiangsong, Xu Enli, Yao Fei and Zhu Zhiqiang. • Four independent director candidates: Huang Yaying, Liu Tsz Bun Bennett, Wang Weiguo and Yang Zhao. Their independence has been confirmed under HKEX Listing Rule 3.13 and is subject to Shenzhen Stock Exchange clearance. • Li Na, assistant general manager of the company’s legal & compliance centre, has been elected by employees as the staff representative director and will join the new board. • Outgoing directors: Hu Guobin and Wang Yun (non-independent) and Lim Ming Yan and Dr Shum Heung Yeung Harry (independent) will retire upon formation of the new board.
Revised remuneration framework (subject to EGM approval) 1. Independent directors: base allowance of RMB 20,000 per month; additional RMB 10,000 per month for each role as convener of the Audit, Remuneration & Nomination, Investment & Decision-making Committees or special meetings of independent directors. 2. Non-full-time directors: fixed allowance of RMB 10,000 per month. 3. Full-time directors (including the staff representative director): compensated according to internal remuneration and performance systems, with no extra director allowance.
Procedural matters • All board resolutions passed unanimously (abstentions by interested directors on remuneration items). • The 20th board will remain in office until the 21st board is formally elected at the EGM. • Shareholders will vote by cumulative voting on director appointments and on the remuneration plan.
The proposed changes aim to refresh governance while reflecting board diversity in professional expertise and backgrounds, as reviewed by the Remuneration and Nomination Committee.