China Vanke : ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020

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)

ANNOUNCEMENT OF UNAUDITED RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2020

The board of directors (the "Board") of China Vanke Co., Ltd.* (the "Company") is pleased to announce the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2020. This announcement, containing the full text of the 2020 Interim Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in relation to information to accompany preliminary announcement of interim results.

The printed version of the Company's 2020 Interim Report will be delivered to the holders of H shares of the Company and available for viewing on the websites of the Hong Kong Stock Exchange (www.hkexnews.hk) and of the Company (www.vanke.com) in September 2020.

Both the Chinese and English versions of this results announcement are available on the websites of the Company (www.vanke.com) and the Hong Kong Stock Exchange (www.hkexnews.hk). In the event of any discrepancies in interpretations between the English version and Chinese version, the Chinese version shall prevail, except for the financial report, of which the English version shall prevail.

By order of the Board

China Vanke Co., Ltd.*

Zhu Xu

Company Secretary

Shenzhen, the PRC, 27 August 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.

• For identification purposes only

Important Notice:

1. The board of directors (the "Board"), the supervisory committee and the directors, supervisors and senior management of the Company warrant that the information contained in the interim report for 2020 (the "Report" or the "Interim Report") does not contain any misrepresentation, misleading statement or material omission, and they jointly and severally accept responsibility for the truthfulness, accuracy and completeness of its contents.
2. The Report was considered and approved at the 2nd meeting of the nineteenth session of the Board (the "Meeting") held on 27 August 2020. Mr. TANG Shaojie, a Non-executive Director of the Company, did not attend the Meeting due to business engagement and had authorised Mr. LI Qiangqiang, also a Non-executive Director, to attend the Meeting and execute voting rights on his behalf. All other directors attended the Meeting in person.
3. There will be no distribution of dividend, bonus share or capitalisation of equity reserve for the 2020 interim period.
4. The Company's 2020 interim financial report for the six months ended 30 June 2020 was prepared in accordance with International Accounting Standard 34 Interim Financial Reporting ("IAS 34"). The interim financial report is unaudited, but has been reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410, Review of interim financial information performed by the independent auditor of the entity , issued by the Hong Kong Institute of Certified Public Accountants.
5. Mr. YU Liang, Chairman of the Board and Ms. HAN Huihua, Executive Vice President and Finance Principal declare that the financial report contained in the Report is warranted to be true, accurate and complete.
6. Unless otherwise specified, the currency referred to in the Report is Renminbi ("RMB").
7. The Report contains forward-looking report such as future plans, which do not constitute any specific undertakings by the Group to its investors. Investors are advised to pay attention to investment risks.

The Report has been prepared in Chinese and English, respectively. In case of discrepancy, the Chinese version shall prevail, except for the interim financial report prepared in accordance with IAS 34, of which the English version shall prevail.

C O N T E N T S

Section 1	Basic Corporate Information	4
Section 2	Accounting and	6
	Financial Highlights
Section 3	Directors' Report	8
Section 4	Significant Events	35
Section 5	Change in Share Capital and	48
	Shareholdings of
	Major Shareholders
Section 6	Directors, Supervisors, Senior	55
	Management and Employees
Section 7	Information on Corporate Bonds	60
Section 8	Interim Financial Report	66

Definition

Term	Meaning
The Company	China Vanke Co., Ltd.
Vanke or the Group	China Vanke Co., Ltd. and its subsidiaries
The Board	The board of directors of the Company
Supervisory Committee	The Supervisory Committee of the Company
Vanke Service	Vanke Service Development Co., Ltd.
SCPG	SCPG Holdings Co., Limited, incorporated in the Cayman
	Islands
VX Logistic Properties	Vanke Logistics Development Co., Ltd.
BG	the abbreviation to Business Group, which refers to business
	group, including Southern Regional BG, Shanghai Regional
	BG, Northern Regional BG, Central and Western Regional
	BG and Property Service BG.
BU	the abbreviation to Business Unit, which refers to business
	unit, including SCPG BU, Logistics BU, Long-term Rental
	Apartment BU, Overseas BU, Ski Resort BU, Meisha
	Education BU, Enterprise Services BU and Food BU
Central Bank	People's Bank of China
CSRC	China Securities Regulatory Commission
SZSE	Shenzhen Stock Exchange
SEHK	The Stock Exchange of Hong Kong Limited
SZMC	Shenzhen Metro Group Co., Ltd.
SEHK Listing Rules	Rules Governing the Listing of Securities on The Stock
	Exchange of Hong Kong Limited
Corporate Governance Code	Corporate Governance Code set out in Appendix 14 of
	SEHK Listing Rules

2 China Vanke Co., Ltd.