China Vanke Co. Ltd

China Vanke Co., Ltd. is principally engaged in the real estate industry. The Company develops residential buildings and provides property management services. During the year ended December 31, 2008, the Company sold out approximately 5.57 million square meters of properties. The Company's operation covers the Pearl River Delta Region, comprised of Shenzhen, Guangzhou, Foshan, Zhongshan, Zhuhai, Changsha, Xiamen and Dongguan; the Yangtze River Delta Region, consisting of Shanghai, Suzhou, Hangzhou, Nanjing, Wuxi, Ningbo, Zhenjiang and Nanchang; Huan Bohai Region, including Beijing, Tianjin, Shenyang, Qingdao, Changchun and Dalian, and other cities, including Wuhan and Chengdu.