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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 30 NOVEMBER 2019
The board of directors of China Vanke Co., Ltd.* (the "Company") is pleased to announce that for the month ended 30 November 2019, the Company achieved a contract sales area of 3,645,000 sq. m., with a contract sales amount of RMB54.54 billion. From January to November of 2019, the Company achieved an accumulated contract sales area of 36,974,000 sq. m. and a contract sales amount of RMB573.53 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 9 new projects since the disclosure of the sales update for the month ended 31 October 2019. 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) | ||||||
Zhongxin Knowledge City | Huangpu | ||||||||
1 | Guangzhou | SZCN-C1-1 Land Lot Project | 20.4% | 129 | 1.8 | 232 | 47 | 363 | |
District | |||||||||
(Xingfuyu Phase 4) | |||||||||
2 | Hangzhou | Yunhe Vanke Centre No. 4 | Gongshu | 24.5% | 18 | 3.5 | 62 | 15 | 97 |
Land Lot | District | ||||||||
3 | Taiyuan | Control Centre Project SG- | Xiaodian | 50% | 15 | 3.3 | 50 | 25 | 118 |
1963 Land Lot | District | ||||||||
4 | Gongzhuling | GuiguAvenue Project | Fanjiatun Town | 51% | 227 | 2.0 | 453 | 231 | 148 |
City | |||||||||
5 | Harbin | Sunjia Material Factory Project | Xiangfang | 50% | 123 | 2.4 | 288 | 144 | 640 |
District | |||||||||
6 | Qingdao | Yuantong Wulian Land Lot | West Coast | 49% | 39 | 2.5 | 96 | 47 | 253 |
New District | |||||||||
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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) | ||||||
7 | Xining | Chengzhong District 293 Mu | Chengzhong | 20.4% | 196 | 2.7 | 520 | 106 | 395 |
District | |||||||||
Economic | |||||||||
8 | Huaguan Road Project | Development | 65% | 140 | 2.5 | 350 | 227 | 729 | |
Guiyang | Zone | ||||||||
9 | Emerald Park Follow-up 31 | Guanshanhu | 51% | 20 | 2.5 | 50 | 26 | 139 | |
Mu Land Lot | District | ||||||||
Total | 907 | - | 2,101 | 868 | 2,882 | ||||
Besides, the Company acquired 2 new logistics property projects, with an aggregate land premium attributable to the Company's equity holding to be settled amounted to RMB503 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 | Hangzhou | VX Hangzhou Airport Logistic Park | Xiaoshan District | 100% | 52.7 | 111.1 | 111.1 |
2 | Changsha | VX Xiangjiang Changsha Gaoling | Kaifu District | 50% | 223.3 | 211.2 | 105.6 |
Intelligent Logisitic Park | |||||||
Total | 276.0 | 322.3 | 216.7 | ||||
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, 2 December 2019
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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China Vanke Co. Ltd. published this content on 02 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2019 12:04:02 UTC