KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a
leading integrated online and offline platform for housing
transactions and services, today announced that it will hold an
extraordinary general meeting of shareholders (the “EGM”) at 9:00
a.m. on November 8, 2021 (Beijing time) at the address of Oriental
Electronic Technology Building, No. 2 Chuangye Road, Haidian
District, Beijing, the People’s Republic of China.
The purpose of the EGM is to consider and, if thought fit, to
approve the re-designation of shares (the “Share Re-designation”)
which has been proposed by the Company, pursuant to which
110,116,275 Class A ordinary shares that are held by Ever Orient
International Limited and beneficially owned by Mr. PENG Yongdong,
chairman and chief executive officer of the Company, and 47,777,775
Class A ordinary shares that are held by Clover Rich Limited and
beneficially owned by Mr. SHAN Yigang, an executive director of the
Company, shall be re-designated as Class B ordinary shares on a 1:1
basis. The Company also learned that Propitious Global Holdings
Limited intends to convert 157,894,050 of its Class B ordinary
shares into Class A ordinary shares on a 1:1 basis, conditioned
upon the shareholders’ approval of the Share Re-designation, and
effective immediately prior to the Share Re-designation becoming
effective (the “Share Conversion”). Propitious Global Holdings
Limited, the Company’s principal shareholder, is ultimately
controlled by Z&Z Trust, the beneficiaries of which are the
immediate family members of Mr. ZUO Hui, the founder and permanent
chairman emeritus of Beike. Upon the completion of the proposed
Share Conversion and the Share Re-designation, the total number of
issued and outstanding Class B ordinary shares of the Company will
remain unchanged and except for Ever Orient International Limited,
Clover Rich Limited and Propitious Global Holdings Limited, the
voting power of the shareholders will not be affected. The effect
of the proposed Share Re-designation and Share Conversion for Ever
Orient International Limited, Clover Rich Limited and Propitious
Global Holdings Limited are set out in the table below.
Ordinary Shares Beneficially
Owned Prior to the Share Re-designation and Share
Conversion
Ordinary Shares Beneficially
Owned After the Share Re-designation and Share Conversion
Class A ordinary
shares
Class B ordinary
shares
% of total ordinary
shares*
% of aggregate voting
power**
Class A ordinary
shares
Class B ordinary
shares
% of total ordinary
shares*
% of aggregate voting
power**
Propitious Global Holdings Limited
—
885,301,280
24.8%
76.7%
157,894,050
727,407,230
24.8%
64.4%***
Ever Orient International Limited
110,116,275
—
3.1%
1.0%
—
110,116,275
3.1%
9.5%
Clover Rich Limited
47,777,775
—
1.3%
0.4%
—
47,777,775
1.3%
4.1%
Total of above
157,894,050
885,301,280
29.2%
78.1%
157,894,050
885,301,280
29.2%
78.1%
_____________________________________
*
For each person or group included
in this column, percentage of total ordinary shares is based on
both class A and class B ordinary shares held by such person or
group with respect to all of Beike’s outstanding Class A and Class
B ordinary shares as a single class as of June 30, 2021.
**
For each person or group included
in this column, percentage of total voting power represents voting
power based on both class A and class B ordinary shares held by
such person or group with respect to all of Beike’s outstanding
Class A and Class B ordinary shares as a single class as of June
30, 2021. Each holder of the Class A ordinary shares is entitled to
one vote per share. Each holder of the Class B ordinary shares is
entitled to ten votes per share.
***
The Irrevocable Proxy and Power
of Attorney executed and delivered by Propitious Global Holdings
Limited to Baihui Partners L.P. on July 28, 2021 remains
effective.
The Board has fixed the close of business on September 29, 2021
(Eastern Standard Time) as the record date (the “Record Date”) for
determining the shareholders entitled to receive notice of, and to
attend, the EGM or any adjourned or postponed meeting thereof.
Holders of record of the Company’s ordinary shares, par value
US$0.00002 per share, at the close of business on the Record Date
are entitled to notice of, and to attend and vote at, the EGM or
any adjournment or postponement thereof. Holders of the Company’s
ADSs who wish to exercise their voting rights for the underlying
ordinary shares must act through the depositary of the Company’s
ADS program, the Bank of New York Mellon (the “Depositary”). The
notice of the EGM, which sets forth the resolutions to be submitted
to shareholder approval and other relevant information regarding
the EGM, the proposed Share Re-designation and how to vote ordinary
shares or direct the Depositary to vote the ordinary shares
represented by the ADSs at the EGM, is available on the Company’s
website at http://investors.ke.com.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210929005556/en/
For investor and media inquiries:
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
KE (NYSE:BEKE)
Historical Stock Chart
From Jun 2024 to Jul 2024
KE (NYSE:BEKE)
Historical Stock Chart
From Jul 2023 to Jul 2024