China Vanke : ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021

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 2021

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 2021. This announcement, containing the full text of the 2021 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 2021 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 2021.

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, 29 August 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. HUANG Liping 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 2021 (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 11th meeting of the nineteenth session of the Board (the "Meeting") held on 27 August 2021. Mr. XIN Jie and Mr. LI Qiangqiang, both being non-executive directors, did not attend the Meeting in-person due to business engagement, and had authorised Mr. HUANG Liping, also a non-executive director, to attend the Meeting and executed voting rights on their behalf. Mr. ZHANG Yichen, an independent non-executive director, did not attend the Meeting in-person due to business engagement, and had authorised Ms. LIU Shuwei, an independent non-executive director, to attend the Meeting and executed voting rights on his behalf. Save as above, all other directors of the Company attended the Meeting in person.
3. There will be no distribution of dividend, bonus share or capitalisation of equity reserve for the 2021 interim period.
4. The Company's 2021 interim financial report for the six months ended 30 June 2021 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 statements 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	Management Discussion	8
	and Analysis
Section 4	Corporate Governance	33
Section 5	Environmental and Social	36
	Responsibility
Section 6	Significant Events	38
Section 7	Change in Share Capital and	52
	Shareholdings of
	Major Shareholders
Section 8	Relevant Information on Bonds	59
Section 9	Interim Financial Report	65

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
Onewo	Onewo Space Technology Service Co., Ltd.
SCPG	SCPG Holdings Co., Limited, incorporated in the Cayman
	Islands
VX Logistic Properties	Vanke Logistics Development Co., Ltd., a logistics and
	warehousing service platform of the Group
BG	the abbreviation to Business Group. In June 2021, the
	Group re-designated its regional BG into Beijing region BG,
	Northeastern region BG, Central China region BG, Southern
	region BG, Shanghai region BG, Northwestern region BG
	and Southwestern region BG based on factors such as the
	development trend of urban clusters, market development
	stage, traditional geographical regions and management
	scale. In order to facilitate the comparison between
	previous and current data, the regional BG classification in
	this report still follows the previous standard, i.e. including,
	Southern region BG, Shanghai region BG, Northern region
	BG, Central and Western region BG, Northwestern region
	BG and Property Service BG
BU	the abbreviation to Business Unit, including SCPG BU,
	Logistics BU, Long-term Rental Apartment BU, Overseas
	BU, Hotel and Vacation BU, Meisha Education BU and Food
	BU
Central Bank	The People's Bank of China
CSRC	China Securities Regulatory Commission
SZSE	Shenzhen Stock Exchange

2	China Vanke Co., Ltd.

	Definition
Term	Meaning
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
Articles of Association	Articles of Association of China Vanke Co., Ltd.
Reporting Period or Period	1 January 2021 to 30 June 2021
A Share(s) (RMB-denominated Ordinary	domestic ordinary share(s) with a nominal value of RMB1.00
Share(s))	each in the share capital of the Company, which are listed
	on the SZSE and traded in Renminbi
H Share(s) (Overseas-listed Foreign	overseas-listed foreign ordinary share(s) with a nominal
Share(s))	value of RMB1.00 each in the share capital of the Company,
	which are listed on the SEHK and traded in Hong Kong
	dollars
RMB	Renminbi, unless otherwise specified

Interim Report 2021

3