China Vanke Co., Ltd. announced that the tenth meeting of the nineteenth session of the Board has reviewed and approved the appointment of Mr. LIU Xiao as an executive vice president and the chief operating officer of the company. The term of office of Mr. LIU will commence from the date of approval of the Board to the expire of term of the nineteenth session of the Board. Mr. WANG Haiwu, an executive director of the company, will cease to concurrently hold positions as an executive vice president and the chief operating officer of the Company, subject to other assignment. Mr. LIU Xiao, born in 1979, currently is an executive vice president and the chief operating officer of the company. Mr. LIU joined the Group in 2009, and used to hold positions as general manager of investment, financing and marketing department of the company, the general manager of Zhejiang Vanke Nandu Real Estate company Limited, a subsidiary of the Company, chief partner and chief executive of Business Group (BG) of Northern District, and concurrently held position as chief partner of Beijing Vanke Enterprise Company Limited, also a subsidiary of the company. Before joining the Group, Mr. LIU used to work in Mckinsey & company.