Vanke (02202) has announced that the sellers—Zhuhai Qinshan Jiaye, Weihai Heda, Weihai Shuonong, Weihai Chunhe, Weihai Muda, and Weihai Xinmu, each an indirect subsidiary of the company—intend to sell a 99.41% stake in Huanshan through a public listing on the Shenzhen Property Rights Exchange, with a minimum bid price set at 3.27 billion yuan. Huanshan Group's businesses in pig breeding and farming, as well as feed production and sales, are not closely related to Vanke's core operations. In line with the company's strategy to focus on its main businesses and systematically exit non-core activities, this segment has been included in the list of non-core operations to be divested. Given the capital-intensive nature of the business and Vanke's current liquidity situation, continued support for its development is no longer feasible. Proceeds from the proposed sale will be used to bolster working capital, aiming to strengthen the group's financial position and enhance its financial flexibility. The transaction is expected to generate cash inflow, improve liquidity conditions, and enable the company to further concentrate on its primary operations, optimize resource allocation efficiency, and create long-term value.