KE Holdings Appoints New Chairman and New Director
May 24 2021 - 6:01AM
Business Wire
KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a
leading integrated online and offline platform for housing
transactions and services, today announced that its board of
directors (the “Board”) has appointed Mr. PENG Yongdong, the
Company’s co-founder, chief executive officer and executive
director, as the new chairman of the Board to succeed Mr. ZUO Hui
who passed away on May 20, 2021. The Company also announced the
appointment of Mr. XU Wangang, the Company’s chief operating
officer, as a new executive director to the Board to fill the
vacancy left by Mr. ZUO. Going forward, the audit committee of the
Board will consist of Ms. CHEN Xiaohong, Mr. XU Wangang and Ms.
CHEN Yu, with Ms. CHEN Xiaohong serving as the chairperson; the
compensation committee of the Board will consist of Ms. CHEN Yu,
Mr. PENG Yongdong and Ms. CHEN Xiaohong, with Ms. CHEN Yu serving
as the chairperson; and the nominating and corporate governance
committee of the Board will consist of Mr. SHAN Yigang, Ms. CHEN
Xiaohong and Ms. CHEN Yu, with Mr. SHAN Yigang serving as the
chairperson. In addition, the Company announced that Mr. ZUO will
be the permanent Chairman Emeritus of the Company to commemorate
his invaluable contribution and legacy.
The Company’s executive directors and executive officers, as
well as Propitious Global Holdings Limited (together with the
family trust administering its shareholding interest), which is the
Company’s principal shareholder, have also covenanted with the
Company that, for a 365-day period from today, they will not sell,
transfer or otherwise dispose of any of the Company’s ordinary
shares or American depositary shares they currently hold.
The Company and relevant parties will implement certain
pre-planned contingency arrangements with respect to the class B
ordinary shares held by Propitious Global Holdings Limited and make
an announcement in due course.
“We remain deeply saddened by the passing of Mr. ZUO, our
visionary founder, the pioneer of our mission, and a leading figure
in the industry who, at all times, devotes himself into exploration
and innovation. From Lianjia to Beike, Mr. ZUO has established
legendary milestones in China’s housing transactions and services
industry. His invaluable legacy will continue to lead the growth of
the Company. Meanwhile, Mr. ZUO’s beliefs and values are embedded
in our corporate DNA, guiding the stability of our management team
and the organic growth of our Company,” said by Mr. PENG
Yongdong.
“As the founder of Beike, Mr. ZUO was our chairman and will be
honored as our ‘chairman emeritus’ going forward, with the belief
that Mr. ZUO and his spirit will be imprinted in our hearts. I hope
all of us could carry Mr. ZUO’s belief of ‘doing the right thing
even if it’s difficult’ and move forward on the long journey ahead
of us in the housing transactions and services industry,” Mr. PENG
added.
“We are confident that, with the support and trust of our
customers, employees, shareholders and business partners, our
management team will collectively and unswervingly strive to
accomplish Mr. ZUO’s wish as well as our mission of ‘admirable
service, joyful living.’” Mr. PENG concluded.
About KE Holdings Inc.
KE Holdings Inc. is a leading integrated online and offline
platform for housing transactions and services. The Company is a
pioneer in building the industry infrastructure and standards in
China to reinvent how service providers and housing customers
efficiently navigate and consummate housing transactions, ranging
from existing and new home sales, home rentals, to home renovation,
real estate financial solutions, and other services. The Company
owns and operates Lianjia, China’s leading real estate brokerage
brand and an integral part of its Beike platform. With more than 19
years of operating experience through Lianjia since its inception
in 2001, the Company believes the success and proven track record
of Lianjia pave the way for it to build the industry infrastructure
and standards and drive the rapid and sustainable growth of
Beike.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” "confident," “expects,” “anticipates,”
“aims,” “future,” “intends,” “plans,” “believes,” “estimates,”
“likely to,” and similar statements. Among other things, the
quotations from management in this press release, as well as
Beike’s strategic and operational plans, contain forward-looking
statements. Beike may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about KE Holdings Inc.’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. Further information
regarding these and other risks is included in KE Holdings Inc.’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and KE Holdings
Inc. does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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Investor Contact
For investor and media inquiries, please contact:
In China: KE Holdings Inc. Investor Relations Matthew Zhao
Siting Li E-mail: ir@ke.com
The Piacente Group, Inc. Ross Warner Tel: +86-10-6508-0677
E-mail: ke@tpg-ir.com
In the United States: The Piacente Group, Inc. Brandi Piacente
Tel: +1-212-481-2050 E-mail: ke@tpg-ir.com
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