The board of directors of China Vanke Co., Ltd. announced that Mr. ZHU Jiusheng has been appointed as the President and Chief Executive Officer of the Company, and Mr. YU Liang, the Chairman of the Board and an Executive Director of the company, will cease to act as the President and Chief Executive Officer of the company, all with effect from 31 January 2018. Mr. ZHU, born in 1969, joined Vanke in 2012, and held a position as a senior vice president of the company from 2012 to 2015. He has been the chairman of the board of directors of Shenzhen Vanke Financial Consultants Co., Ltd., a wholly-owned subsidiary of the company, since 2014, and the chairman of the board of directors and general manager of Shenzhen Pengding Chuangying Financial Information Services Co., Ltd, an affiliated company of the company from 2016 to January 2018.

Mr. ZHU currently is also a non-executive director of Huishang Bank Corporation Limited, the stocks of which are listed on the Stock Exchange, and an independent non-executive director of LVGEM (China) Real Estate Investment Company Limited.