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 30 NOVEMBER 2020

The board of directors of China Vanke Co., Ltd.* (the "Company") hereby announce that for the month ended 30 November 2020, the Company achieved a contract sales area of 3,944,000 sq. m., with a contract sales amount of RMB57.54 billion. From January to November of 2020, the Company achieved an accumulated contract sales area of 40,253,000 sq. m. and a contract sales amount of RMB602.61 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 16 new development projects since the disclosure of the sales update for the month ended 31 October 2020. Details of the projects are as follows:

Percentage

Plot Ratio-based

GFAAttributable

Land Premium

No.

City

Name of the Project

Location

Interest

Land Area

Comprehensive

Gross FloorArea

to the Company's

Attributable to

Attributable to

(Unit:'000sqm)

Plot Ratio

("GFA")

Equity Holding

the Company's

Equity Holding

the Company

(Unit: '000 sq m)

(Unit: '000 sq m)

(RMB million)

1

San Hong Qi Land Lot of

Shunde District

100%

47

5.0

233

233

1,056

Beijiao Town

Foshan

Land Lot East to

2

Yanjiang Road and

Gaoming

100%

40

2.5

100

100

275

West to Xijiang River,

District

Hecheng Street

3

Yancheng

Chengnan Xinhe Plate

Gaoxin District

50%

66

2.5

165

83

783

Yuanhengwei No. 1 Plot

4

CR20024 Junyuan South

Haimen District

100%

27

1.8

48

48

650

Nantong

Land Lot

5

CR20026 Experimental

Haimen District

100%

52

2.2

115

115

1,560

School North Land Lot

6

G15 Land Lot of

Jiangbei New

Nanjing

New District South to

36%

78

2.0

160

58

1,163

District

Linchu Road

7

Xuzhou

XT2020-34 Land Lot of

Tongshan

49%

167

2.2

367

180

1,181

Houzhouwo

District

1

Percentage

Plot Ratio-based

GFAAttributable

Land Premium

No.

City

Name of the Project

Location

Interest

Land Area

Comprehensive

Gross FloorArea

to the Company's

Attributable to

Attributable to

(Unit:'000sqm)

Plot Ratio

("GFA")

Equity Holding

the Company's

the Company

(Unit: '000 sq m)

(Unit: '000 sq m)

Equity Holding

(RMB million)

8

Haojiagou Urban

Yingze District

41%

59

3.1

184

75

175

Redevelopment Project

9

Taiyuan

East Central Road 230 mu

Xiaodian

51%

154

2.5

387

196

857

Project

District

10

Beiying Urban Renewal

Xiaodian

50%

9

3.8

33

17

51

Project

District

11

Jinan

Land Lot A-11/A-13/B-2 of

Licheng District

100%

162

1.8

300

300

1,971

Xueshan Area Group Two

Economic and

12

Weihai

Land Lot South to

Technological

70%

125

1.6

194

136

472

Emerald Park

Development

Zone

Gedian

13

Ezhou

Colourful Land Project

Economic and

100%

140

3.0

420

420

1,427

Technological

Phase II

Development

Zone

14

Wuhan

International Port City

Hannan District

40%

320

1.6

513

205

484

TOD Project

15

Luoyang

Wangfuzhuang 53 Mu

Jianxi District

51%

36

4.9

174

89

387

Project

16

Zhengzhou

Laoyachen 93 Mu Project

Huiji District

100%

62

4.2

265

265

1,427

Total

1,544

-

3,658

2,520

13,919

Besides, the Company acquired 2 new logistics property project, with an aggregate land premium attributable to the Company's equity holding to be settled amounted to RMB81 million. Details of the projects are as

follows:

Precentage

Land Area

GFA

GFAAttributable

Interest

to the Company's

No.

City

Name of Project

Location

(Unit: '000 sq m)

(Unit: '000 sq m)

Attributable to

Equity Holding

the Company

(Unit: '000 sq m)

1

Wuhan

VX Wuhan Huangpi Tukou Park

Huangpi District

100%

116

68.0

68.0

2

Wenzhou

VX Wenzhou Pingyang Park (Phase II)

Pingyang County

100%

48

40.4

40.4

Total

164

108.4

108.4

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.

2

By order of the Board

China Vanke Co., Ltd. *

Zhu Xu

Company Secretary

Shenzhen, the PRC, 3 December 2020

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.

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China Vanke Co. Ltd. published this content on 03 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2020 03:10:01 UTC