China Vanke : UPDATE REGARDING SALES AND NEWLY ADDED DEVELOPMENT PROJECTS FOR THE MONTH ENDED ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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 31 DECEMBER 2020

The board of directors of China Vanke Co., Ltd.* (the "Company") hereby announce that for the month ended 31 December 2020, the Company achieved a contract sales area of 6,422,000 sq. m., with a contract sales amount of RMB101.54 billion. From January to December of 2020, the Company achieved an accumulated contract sales area of 46,675,000 sq. m. and a contract sales amount of RMB704.15 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 34 new development projects since the disclosure of the sales update for the month ended 30 November 2020. Details of the projects are as follows:

				Percentage				GFA	Land Premium
				Land Area		Plot Ratio-based	Attributable
				Interest	Comprehensive	Gross FloorArea	to the	Attributable to
No.	City	Name of the Project	Location	Attributable	(Unit:'000	the Company's
				to the	sqm)	Plot Ratio	("GFA")	Company's	Equity Holding
					(Unit: '000 sq m)	Equity Holding
				Company				(Unit: '000 sq m)	(RMB million)
1	Shenzhen	Xixiang A122-0371 Project	Bao'an District	100%	85	2.2	190	190	5,998
2	Sanya	Linchun Affordable Housing	Jiyang District	100%	39	2.0	78	78	662
Land Lot
3	Nanning	Huahai Road East GC2020-	Liangqing	50%	80	3.0	240	120	429
093 Land Lot	District
		Bailu Village Urban Village
4	Liuzhou	Reconstruction Land Lots	Liubei District	55%	105	2.6	277	152	147
		E-6-3 and E-3-2
5	Jiangmen	Licun Project No. 4 Plot	Pengjiang	65%	22	2.5	54	35	177
District
6	Guangzhou	Xintang Dongzhou Project	Zengcheng	100%	163	3.0	488	488	6,307
District
7	Zhongshan	Zhengxian Street 88 Mu	Guzhen Town	60%	59	3.0	177	106	871
Land Lot

1

				Percentage				GFA	Land Premium
						Plot Ratio-based	Attributable
				Interest	Land Area		Attributable to
No.	City	Name of the Project	Location	Attributable	(Unit:'000	Comprehensive	Gross FloorArea	to the	the Company's
				to the	sqm)	Plot Ratio	("GFA")	Company's	Equity Holding
					(Unit: '000 sq m)	Equity Holding
				Company				(Unit: '000 sq m)	(RMB million)
8	Zhongshan	Ma'an Island 58 Mu Project	Cuiheng New	100%	39	2.5	97	97	1,456
District
9	Zhuhai	Baotong Road Project	Xiangzhou	40%	81	2.3	190	76	921
District
10	Huizhou	Nanmen Middle Road	Huiyang District	40%	45	3.7	163	65	388
Project, Danshui Street
11	Yancheng	Xinhe Plate	Yannan High-	80%	79	2.5	198	158	1,535
Yuanhengwei No. 3 Plot	tech Zone
		No. 2020-47 South Side of
12		North District Passenger	Gulou District	100%	23	2.1	47	47	272
	Xuzhou	Station Land Lot A
	No. 2020-48 South Side of
13		North District Passenger	Gulou District	100%	29	2.4	71	71	507
		Station Land Lot C
14	Nanchang	Wanli 251 Project	Xinjiang District	50%	168	1.8	302	151	640
15	Wenzhou	Jinhai Land Lot B-02	Longwan	100%	87	2.2	192	192	1,147
District
16		Plot of Wangxuefang Village,	Gongzhuling	51%	20	1.8	37	19	18
	Fanjiatun Town	City
17	Changchun	Sunflower Town Late	Gongzhuling	51%	130	1.8	239	122	119
Project, Phase II Land Lot	City
18		Thermal Power Plant I Project	Kuancheng	81%	103	2.9	294	238	1,069
	District
19	Harbin	Sino-Russian Industrial Park	Songbei District	100%	151	1.5	233	233	641
		Project Phase 1.1 Plot
20	Yantai	Nanshangfang Plot C Project	Zhifu District	40%	60	2.5	147	59	125
21	Jinan	Xueshan Area Group Four	Licheng District	100%	188	2.0	382	382	2,635
		Project
22	Shijiazhuang	Xijing North Phase I Land	Yuhua District	51%	94	2.4	227	116	469
Lot
23	Tangshan	Changgezhuang Renovation	Lubei District	17%	230	2.4	558	94	486
Project
24	Chengdu	School of Administration	Longquanyi	34%	141	2.3	325	109	1,286
212 Mu TOD Project	District

2

				Percentage				GFA	Land Premium
						Plot Ratio-based	Attributable
				Interest	Land Area		Attributable to
No.	City	Name of the Project	Location	Attributable	(Unit:'000	Comprehensive	Gross FloorArea	to the	the Company's
				to the	sqm)	Plot Ratio	("GFA")	Company's	Equity Holding
					(Unit: '000 sq m)	Equity Holding
				Company				(Unit: '000 sq m)	(RMB million)
25		Central Park Congyansi Track	Yubei District	100%	34	1.5	51	51	498
	Station51MuProject
		Line 9 Xinqiao Vehicles	Shapingba
26	Chongqing	Section Superstructure 173 Mu	100%	116	1.3	150	150	1,037
District
		Project
27		Railway New Town 296 Mu	Banan District	100%	197	1.8	347	347	1,388
	Project
28	Kunming	Dianchi International	Guandu District	100%	188	3.4	629	629	4,341
	CommunityCoreAreaProject
29		Jindaoying Project	Panlong District	51%	99	5.5	544	277	1,611
30	Zhengzhou	Metropolis West-side 88 Mu	Erqi District	70%	59	3.0	176	123	589
Project
31	Urumqi	Kashgar East Road 64 Mu	Shuimogou	100%	43	2.4	103	103	277
Project	District
32		Nanchuan Exhibition Centre	Chengzhong	40%	79	2.5	197	79	493
	NC-11 Plot	District
	Xining
33	Nanchuan Exhibition Centre	Chengzhong	40%	51	2.8	141	56	263
	NC-12 Plot	District
34	Yinchuan	BNU 173 Mu Project	Jinfeng District	40%	116	2.0	223	89	580
		Total			3,203	-	7,767	5,302	39,382

Besides, the Company acquired 3 new logistics property projects, with an aggregate land premium attributable to the Company's equity holding to be settled amounted to RMB445 million. Details of the projects are as follows:

				Precentage			GFAAttributable
No.	City	Name of the Project	Location	Interest	Land Area	GFA	to the Company's
Attributable to	(Unit: '000 sq m)	(Unit: '000 sq m)	Equity Holding
				the Company			(Unit: '000 sq m)
1	Shanghai	VX Shanghai Fengxian Lingang Park	Fengxian District	99%	79.8	96.9	95.9
2	Hangzhou	VX Hangzhou Qiantang New District	Qiantang New District	100%	53.0	45.4	45.4
		Cold Chain Park
3	Tianjin	VX Tianjin Dongjiang Port Cold Chain	Binhai New District	100%	100.6	68.4	68.4
Park
		Total			233.4	210.7	209.7

3

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.

By order of the Board

China Vanke Co., Ltd. *

Zhu Xu

Company Secretary

Shenzhen, the PRC, 6 January 2021

As at the date of this announcement, the Board comprises Mr. YU Liang, Mr. ZHU Jiusheng and Mr. WANG Haiwu as executive directors; Mr. XIN Jie, Mr. HU Guobin, Mr. TANG Shaojie and Mr. LI Qiangqiang as non-executive directors; and Mr. KANG Dian, Ms. LIU Shuwei, Mr. NG Kar Ling, Johnny and Mr. ZHANG Yichen as independent non-executive directors.

• For identification purpose only

4