The board of directors of China Vanke Co., Ltd. announced that the twenty-eighth meeting of the eighteenth session of the Board has reviewed and approved the appointment of Mr. WANG Haiwu ("Mr. WANG") as an executive vice president and the chief operating officer of the Company. Mr. WANG Haiwu, currently is an executive vice president and the chief operating officer of the Company. Mr. WANG joined the Group in 2003, initially worked in Shenzhen Vanke Real Estate Company Limited* (currently known as Shenzhen Vanke Development Company Limited*), subsequently he successively held positions as the manager of financial management department, vice general manager, and general manager in Dongguan Vanke Real Estate Company Limited, a senior vice president of the Company, and the chief partner and chief executive officer of Central and Western Regional Business Group, concurrently as the general manager of Vanke (Chengdu) Enterprises Company imited*. Before joining the Group, Mr. WANG used to work in Shenzhen Tongren Accounting Co., Ltd.