Vanke organization structure adjustment: revocation of all regional companies and establishment of 16 district companies.

On the evening of August 28th, Vanke completed a new round of organizational adjustments, revoking the Development and Operation Department and all regional companies, and establishing 16 regional companies. It is understood that the 16 regional companies and their leaders are as follows: Beijing Company General Manager: Li Gang; Shanghai Company General Manager: Geng Bing; Guangzhou-Foshan Company General Manager: Zhou Yiqun; Shenzhen Company General Manager: Tang Jiyang; Dongguan-Zhuhai Company General Manager: Zhou Rong; Zhejiang Company General Manager: Chen Hao; Jiangsu-Anhui Company General Manager: Ren Pengfei; Southern Jiangsu Company General Manager: Tan Wei; Northeast Company General Manager: Zeng Wei; Tianjin-Hebei Company General Manager: Wang Yichuan; Shandong Company General Manager: Zhang Qiang; Northwest Company General Manager: Jin Yabin; Central China Company General Manager: Yi Pingan; Fujian Company General Manager: Bian Wenjun; Southwest Company General Manager: Liu Weidong; Yunnan-Guizhou Company General Manager: Liang Yong. It is understood that there was no official document released internally within Vanke regarding this organizational adjustment. With this adjustment, Vanke internally will be divided into three types of organizations: "Group Headquarters", "Regional Companies", and "Business Units".