The board of directors of China Vanke Co., Ltd. announced that the twenty-seventh meeting of the eighteenth session of the Board has reviewed and approved the appointment of Ms. HAN Huihua ("Ms. HAN") as an executive vice president and finance principal of the Company. Due to the job engagement needs, Mr. WANG Wenjin, an executive director of the Company, will cease to hold his concurrent positions as an executive vice president and finance principal of the Company. Mr. ZHANG Xu, also an executive director of the Company, will cease to hold his concurrent positions as an executive vice president and chief operating officer of the Company. Ms. HAN Huihua, born in 1982, currently is an executive vice president and finance principal of the Company.