KE Holdings Announces Proxy Voting Rights Coming into Effect
29 July 2021 - 9:00PM
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 Propitious Global
Holdings Limited (“Propitious”), the Company’s principal
shareholder, has executed and delivered an Irrevocable Proxy and
Power of Attorney (the “POA”). Propitious is ultimately controlled
by Z&Z Trust, the beneficiaries of which are immediate family
members of Mr. ZUO Hui, the founder and permanent chairman emeritus
of Beike. Pursuant to the POA, Propitious irrevocably authorized
Baihui Partners L.P. (the “Baihui Partnership”), an exempted
limited partnership incorporated in the Cayman Islands, to exercise
the voting rights represented by the 885,301,280 Class B ordinary
shares of the Company held by Propitious (the “Proxy Voting
Rights”).
Baihui Partnership now consists of two partners, namely Mr. PENG
Yongdong and Mr. SHAN Yigang. Both of them have worked with Mr. ZUO
Hui for a long time. Mr. PENG Yongdong joined Beijing Lianjia Real
Estate Brokerage Co., Ltd. (“Beijing Lianjia”) in 2010 and
co-founded Beike with Mr. ZUO Hui in 2018. He was appointed to be
the chairman of the board on May 24, 2021 and currently serves as
the chairman of the board and the chief executive officer of the
Company. Mr. SHAN Yigang co-founded Dalian Haowangjiao Real Estate
Brokerage Co., Ltd. in 1999, joined Beijing Lianjia in 2007 and has
served as an executive director of the Company since July 2018. Mr.
PENG Yongdong and Mr. SHAN Yigang are united and full of
entrepreneurial spirit. They have a deep trust in and understanding
on each other and share highly aligned values. The Company believes
that Baihui Partnership, with the partners united as one, is able
to successfully accomplish the mission and preserve the vision left
by Mr. ZUO Hui in the long run.
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 20 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
remarks made by the management in this press release, as well as
Beike’s strategic and operational plans, contain forward-looking
statements. Beike or its management 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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version on businesswire.com: https://www.businesswire.com/news/home/20210729005475/en/
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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