The board of directors of China Vanke Co., Ltd. announced that the twenty-first meeting of the Eighteenth Session of the Board has reviewed and approved the appointment of Mr. WANG Wenjin (Mr. WANG) to concurrently hold the position as the Finance Principal of the Company, with term from date of approval by the Board to the expiry of the term of the Eighteenth Session of the Board. Mr. WANG will cease to hold the position as Chief Risk Officer of the Company. Mr. SUN Jia will cease to hold the positions as an Executive Vice President, the Chief Financial Officer and Finance Principal of the Company.

Mr. WANG Wenjin is currently an Executive Director, Executive Vice president of the Company.