China Vanke : VOLUNTARY ANNOUNCEMENT-UPDATE ON A DISCLOSEABLE TR...

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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)

This announcement is made by China Vanke Co., Ltd.* (the "Company") on a voluntary basis. Reference is made to the announcement of the Company dated 17 July 2017 (the "Announcement") in relation to the proposed acquisition of all of the issued and paid-up ordinary shares in the capital of GLP (excluding treasury shares) by the Offeror. Unless otherwise defined, capitalized terms used herein shall have the same meaning as those defined in the Announcement.

As disclosed in the Announcement, the Acquisition is conditional upon the satisfaction (or, where applicable, the waiver) of certain conditions precedent to the implementation of the Scheme, including, among others, approval from shareholders of GLP. The Board is pleased to announce that, on 30 November 2017, GLP convened a shareholders' meeting to vote on the Scheme and the Scheme was approved by its shareholders.

The Acquisition is still subject to the satisfaction (or, where applicable, the waiver) of other conditions as provided in the Implementation Agreement. The Company will make further announcements, if and when necessary, to disclose subsequent developments relating to the Acquisition.

Shenzhen, the PRC , 30 November 2017

Company Secretary

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. XIAO Min, 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