China Vanke : UPDATE REGARDING SALES AND NEWLY ADDED DEVELOPMENT PROJECTS FOR THE MONTH ENDED 29 FEBRUARY 2020

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CHINA VANKE CO., LTD.*

萬科企業股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2202)

UPDATE REGARDING SALES AND NEWLY ADDED DEVELOPMENT

PROJECTS FOR THE MONTH ENDED 29 FEBRUARY 2020

The board of directors of China Vanke Co., Ltd.* (the "Company") hereby announce that for the month ended 29 February 2020, the Company achieved a contract sales area of 1,732,000 sq. m., with a contract sales amount of RMB28.03 billion. From January to February of 2020, the Company achieved an accumulated contract sales area of 5,067,000 sq. m. and a contract sales amount of RMB82.94 billion. Due to existence of various uncertainties in the sales process, the abovementioned sales figures may differ from the figures to be disclosed in regular reports. Therefore, the relevant figures are periodical data for investors' reference only.

The Company has acquired 2 new development projects since the disclosure of the sales update for the month ended 31 January 2020. Details of the projects are as follows:

				Percentage	Land	Comprehensive	Plot Ratio-based	GFAAttributable	Land Premium
No.	City	Name of the	Location	Interest	Attributable to
Area	Plot	Gross Floor	to the Company's	the Company's
		Project		Attributable to	(Unit: '000 sq m)	Ratio	Area ("GFA")	Equity Holding	Equity Holding
				the Company	(Unit: '000 sq m)	(Unit: '000 sq m)	(RMB million)
1	Jiangmen	Licun Project	Pengjiang	65%	37	2.5	92	60	312
Phase I Land Lot	District
		K1 Land Lot of	Qiaokou
2	Wuhan	Package B Project	40%	77	3.4	263	105	842
District
		in Dongfeng Village
		Total			114	-	355	165	1,154

The Company has not acquired any new logistic development projects since the disclosure of the sales update for the month ended 31 January 2020.

The Company's equity interests in the abovementioned projects may change as a result of introduction of cooperation parties for joint development of certain of these projects. The percentages of shareholdings disclosed above are for investors' reference only at current stage.

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By order of the Board

China Vanke Co., Ltd. *

Zhu Xu

Company Secretary

Shenzhen, the PRC, 3 March 2020

As at the date of this announcement, the Board comprises Mr. YU Liang, Mr. WANG Wenjin and Mr. ZHANG Xu as executive directors; Mr. LIN Maode, Mr. CHEN Xianjun and Mr. SUN Shengdian as non-executive directors; and Mr. KANG Dian, Ms. LIU Shuwei, Mr. NG Kar Ling, Johnny and Mr. LI Qiang as independent non-executive directors.

• For identification purpose only

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