The company was approved to issue up to RMB 5.9 bln worth of corporate bonds by the China Securities Regulatory Commission on 26 Aug 2008. An internet roadshow pertaining to its public offering of corporate bonds will be broadcast on 4 Sept 2008 between 9:30 am and 11:30 am (details of the roadshow can be found through the link www.p5w.net).

The prospectus for the issuance, its abstract and issuance announcement can be found in the China Securities Journal, the Securities Times, the Shanghai Securities News, and on the website of the Shenzhen Stock Exchange (www.szse.cn), the company's website (www.vanke.com) and the underwriter's website (www.cs.ecitic.com), dated 2 Sept 2008.

Board of Directors
2 Sept 2008


Source: Securities Times

Date: 2 Sept 2008

CN01/ZZ/SW/BT/KM