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40 Limited

Dalian USD42,000,000 55% Property development
Dalian RMB32,000,000 100% Property development
Dongguan RMB10,000,000 100% Property development
Dongguan RMB20,000,000 100% Construction research
Dongguan RMB5,000,000 100% Property management
Dongguan RMB20,000,000 100% Property development
Dongguan RMB10,000,000 51% Property development
Dongguan RMB10,000,000 51% Property development
Foshan USD190,000,000 55% Property development
Foshan RMB80,000,000 100% Property development
Fushun RMB10,000,000 100% Property development
Hangzhou RMB300,000,000 100% Property development
Fuzhou RMB20,000,000 100% Property development
Guangzhou RMB200,000,000 50% Property development
Guangzhou RMB5,000,000 100% Property management
Guangzhou RMB1,000,000,000 100% Property development
Guangzhou HKD760,000,000 100% Property development
Guiyang RMB100,000,000 100% Property development
Hainan RMB20,000,000 100% Property development
Haikou RMB10,000,000 100% Property development
Hangzhou RMB30,000,000 100% Property development
Hangzhou RMB10,000,000 100% Hotel management
Hangzhou RMB170,000,000 100% Property development
Hangzhou USD66,660,000 100% Property development
Hangzhou RMB320,000,000 100% Property development

69



China Vanke Co., Ltd.
Financial statements for the six months ended 30 June 2011
19 Principal subsidiaries (continued)
No. Name of company
Place of
establishment
and operation
Paid in capital
Percentage of interest
held by the
Group Principal activities

Hangzhou Wankun Property
41 Development Company Limited Hangzhou RMB350,000,000 51% Property development
42 Hefei Vanke Property Company Limited Hefei RMB200,000,000 100% Property development
Huizhou Vanke Property Company
43 Limited Huizhou RMB10,000,000 100% Property development
Jiangsu Sunan Vanke Real Estate
44 Company Limited Suzhou RMB30,000,000 100% Property development
Jiaxing Vanke Property Development
45 Co., Ltd. Jiaxing RMB100,000,000 100% Property development
Kunming Vanke Property Development
46 Co., Ltd. Kunming RMB20,000,000 100% Property development
Nanjing Hengyue Property Company
47 Limited Nanjing RMB10,000,000 100% Property development
Nanjing Jinyu Blue Property Company
48 Limited Nanjing RMB90,000,000 100% Property development
Nanjing Vanke Property Company
49 Limited Nanjing RMB150,000,000 100% Property development
Nantong Vanke Property Development
50 Co., Ltd. Nantong RMB8,000,000 100% Property development
Ningbo Jiangbei Vanke Property
51 Company Limited Ningbo RMB675,000,000 100% Property development
Ningbo Vanke Real Estate Company
52 Limited Ningbo RMB150,000,000 100% Property development
Qingdao Da Shan Real Estate
53 Development Company Limited Qingdao RMB100,000,000 60% Property development
Qingdao Vanke Real Estate Company
54 Limited Qingdao RMB20,000,000 100% Property development
Qingdao Vanke Yinshengtai Real Estate
55 Development Co., Ltd Qingdao RMB100,000,000 80% Property development
Qingyuan Hongmei Investment
56 Company Limited Qingyuan RMB280,000,000 95% Property development
Shanghai Dijie Property Company
57 Limited (note) Shanghai RMB20,000,000 50% Property development
Shanghai Hengda Property Shareholding
58 Company Limited Shanghai RMB141,348,200 100% Property development
Shanghai Luolian Property Company
59 Limited. Shanghai RMB470,000,000 100% Property development
Shanghai Meilanhuafu Property
60 Company Limited Shanghai RMB700,000,000 100% Property development
Shanghai Tianyi Property Development
61 Company Limited Shanghai RMB50,000,000 90% Property development
Shanghai Vanke Baobei Property
62 Company Limited Shanghai RMB10,000,000 100% Property development
Shanghai Vanke Investment
63 Management Company Limited Shanghai RMB204,090,000 100% Property development
Shanghai Vanke Property Management
64 Company Limited Shanghai RMB12,260,000 100% Property management
Shanghai Vanke Pudong Property
65 Company Limited Shanghai RMB160,000,000 100% Property development
Shanghai Vanke Real Estate Company
66 Limited Shanghai RMB800,000,000 100% Property development

70



China Vanke Co., Ltd.
Financial statements for the six months ended 30 June 2011
19 Principal subsidiaries (continued)
No. Name of company
Place of
establishment
and operation
Paid in capital Percentage of interest
held by the
Group Principal activities

67
Shanghai Xiangda Real Estate Development
Company Limited Shanghai RMB1,783,000,000 75% Property development
68
Shanxi Hualian Property Development
Company Limited Xi'an RMB367,850,000 51% Property development
69
Shenyang Vanke Hunnan Jinyu Property
Development Company Limited Shenyang RMB1,022,520,258 100% Property development
70
Shenyang Vanke Jinyu Blue Bay Property
Development Company Limited Shenyang RMB578,150,000 100% Property development
71
Shenyang Vanke Property Management
Company Limited Shenyang RMB10,000,000 100% Property management
72
Shenyang Vanke Real Estate Development
Company Limited Shenyang RMB100,000,000 100% Property development
73
Shenyang Vanke Tianqinwan Property
Company Limited Shenyang USD99,980,000 55% Property development
74
Shenzhen Fuchun East (Group) Company
Limited Shenzhen USD 14,600,000 100% Property development
75
Shenzhen Fuchun East Real Estate Company
Limited Shenzhen RMB158,000,000 100% Property development
76
Shenzhen Longcheer Yacht Club Company
Limited Shenzhen RMB57,100,000 100% Club Service
77
Shenzhen Vanke City Scenery Property
Company Limited Shenzhen RMB120,000,000 100% Property development
Shenzhen Vanke Daolin Investment
78 Development Company Limited Shenzhen RMB20,000,000 100% Property development
79
Shenzhen Vanke Financial Consultancy
Company Limited Shenzhen RMB15,000,000 100%
Investment trading and
Consultancy services
80
Shenzhen Vanke Nancheng Real Estate
Company Limited Shenzhen RMB10,000,000 100% Property development
81
Shenzhen Vanke Property Management
Company Limited Shenzhen RMB50,000,000 100% Property management
82
Shenzhen Vanke Real Estate Company
Limited Shenzhen RMB600,000,000 100% Property development
83
Shenzhen Vanke Xingye Property Company
Limited Shenzhen RMB62,413,230 100% Property development
84
Shenzhen Vanke Xizhigu Real Estate
Company Limited Shenzhen RMB10,000,000 60% Property development
85
Suzhou Huihua Investment and Property
Company Limited Suzhou RMB355,000,000 51% Property development
86 Suzhou Nandu Jianwu Company Limited Suzhou RMB300,000,000 70% Property development
87
Suzhou Vanke Zhongliang Property Company
Limited Suzhou RMB230,000,000 51% Property development
88 Taiyuan Vanke Real Estate Company Limited Taiyuan RMB60,000,000 100% Property development

71



China Vanke Co., Ltd.
Financial statements for the six months ended 30 June 2011
19 Principal subsidiaries (continued)
No. Name of company
89
Tander China Investment Company
Limited
90
Tangshan Vanke Property Development
Co., Ltd.
91
Tianjin Vanke Property Management
Company Limited
92
Tianjin Vanke Real Estate Company
Limited
93
Tianjin Vanke Xinlicheng Company
Limited
94
Tianjin Wanbin Real Estate Development
Company Limited
95
Tianjin Wanfu Investment Company
Limited
96
Tianjin Wanzhu Investment Company
Limited
97
Tianjin Zhongtian Wanfang Investment
Company Limited
98
Vanke (Chongqing) Real Estate Company
Limited
99
Vanke Property (Hong Kong) Company
Limited
100
Vanke Real Estate (Hong Kong) Company
Limited
101
Wuhan Guohao Property Company
Limited
102
Wuhan Vanke Property Management
Company Limited
103
Wuhan Vanke Real Estate Company
Limited
104
Wuhan Vanke Tiancheng Real Estate
Company Limited
105
Wuhan Wangjiadun Morden City Property
Company Limited
106
Wuxi Dongcheng Real Estate Company
Limited
107 Wuxi Vanke Real Estate Company Limited
108
Wuxi Wansheng Real Estate Development
Company Limited
109
Xiamen Vanke Real Estate Company
Limited
110 Xi'an Vanke Real Estate Company Limited
111
Xinjiang Vanke Real Estate Company
Limited
112
Yangzhou Wanwei Property Company
Limited
113
Yantai Vanke Property Development Co.,
Ltd.
114
Zhejiang Vanke Nandu Real Estate
Company Limited
115
Zhenjiang RunduProperty Company
Limited
116
Zhenjiang Runnan Property Company
Limited
Place of
establishment
and operation
Hong Kong
Tangshan
Tianjin
Tianjin
Tianjin
Tianjin
Tianjin
Tianjin
Tianjin
Chongqing
Hong Kong
Hong Kong
Wuhan
Wuhan
Wuhan
Wuhan
Wuhan
Wuxi
Wuxi
Wuxi
Xiamen
Xi'an
Wulumuqi
yangzhou
Yantai
Hangzhou
Zhenjiang
Zhenjiang
Paid in capital
HKD10,000
RMB200,000,000
RMB10,000,000
RMB390,000,000
RMB230,000,000
RMB455,000,000
RMB192,000,000
RMB20,000,000
RMB20,000,000
RMB100,000,000
USD9,500,000
HKD15,600,000
RMB10,000,000
RMB12,000,000
RMB150,000,000
USD12,100,000
RMB200,000,000
USD149,400,000
RMB300,000,000
USD49,200,000
RMB50,000,000
RMB20,000,000
RMB100,000,000
RMB550,000,000
RMB30,000,000
RMB150,000,000
RMB20,000,000
RMB50,000,000
Percentage of interest
held by the
Group Principal activities
100% Investment
100% Property development
100% Property management
100% Property development
100% Property development
60% Property development
100% Property development
100% Property development
100% Property development
100% Property development
100% Investment
100% Investment
55% Property development
100% Property management
100% Property development
55% Property development
100% Property development
100% Property development
60% Property development
100% Property development
100% Property development
100% Property development
100% Property development
65% Property development
100% Property development
100% Property development
100% Property development
100% Property development

72



China Vanke Co., Ltd.
Financial statements for the six months ended 30 June 2011

19 Principal subsidiaries (continued)

Place of

Percentage of interest

No. Name of company establishment Paid in capital

held by the

and operation Principal activities

Group
Zhenjiang Runqiao Property Company
117 Limited Zhenjiang RMB10,000,000 100% Property development
Zhenjiang Runzhong Property Company
118 Limited Zhenjiang RMB10,000,000 100% Property development
Zhuhai Vanke Real Estate Company
119 Limited Zhuhai RMB10,000,000 100% Property development
Zhuhai Zhubin Property Development
120 Company Limited Zhuhai RMB109,000,000 95% Property development

Note: The directors consider these entities as subsidiaries of the Group as the Group has the power
to govern the financial and operating policies of these entities.

20 Interest in associates

Details of the Group’s principal associates at 30 June 2011 are as follows:

Place of Percentage of interest
No. Name of company establishment and
operation
Paid in capital held by the
Group Principal activities
1
Beijing Jinyu Vanke Property
Development Company Limited Beijing RMB190,000,000 49% Property development
2
Wuhan Golf City Gardern Real Estate
Company Limited (note1) Wuhan RMB219,000,000 49% Property development
3
Shanghai Nandu White Horse Real Estate
Company Limited (note1) Shanghai RMB27,000,000 49% Property development
4
Chengdu Yihang Vanke Binjiang Real
Estate Company Limited (note1) Chengdu RMB140,000,000 49% Property development
5
Hefei Yihang Vanke Real Estate Company
Limited (note2) Hefei RMB101,500,000 50% Property development
6
Suzhou Zhonghang Vanke Changfeng Real
Estate Company Limited (note1) Suzhou RMB280,000,000 49% Property development
7
Changsha Oriental City Real Esteate
Company Limited Changsha RMB20,000,000 20% Property development
8
Shanghai Zunyi Property Management
Company Limited Shanghai RMB3,000,000 30% Property management
9
Foshan Shunde District Zhonghang Vanke
Property Company Limited Foshan RMB600,000,000 15% Property development
10
Xiamen Wantefu Property Development
Company Limited Xiamen RMB890,000,000 30% Property development
11
Guangzhou Yinyejunrui Property
Development Company Limited (note1) Guangzhou RMB10,000,000 49% Property development
12
Shanghai Jingyuan Property Development
Company Limited Shanghai RMB555,000,000 45% Property development
13
Langfang Kuangshijiye Property
Development Company Limited (note2) Langfang USD55,000,000 50% Property development
14
Shanghai Vanke Changning Property
Development Company Limited (note1) Shanghai RMB30,000,000 49% Property development
15
Shanghai Chongwan Property
Development Company Limited (note1) Shanghai RMB265,000,000 49% Property development
Shenyang Zhongtie Vanke Langyu
16
Property Development Company Limited
(note2) Shenyang RMB100,000,000 51% Property development

73



China Vanke Co., Ltd.
Financial statements for the six months ended 30 June 2011

20 Interest in associates (continued)

Details of the Group’s principal associates at 30 June 2011 are as follows:

Place of Percentage of interest
No. Name of company establishment Paid in capital held by the

Principal activities

and operation
Group

Chongqing Wanbin Property

17 Development Company Limited Chongqing RMB40,000,000 45% Property development