BEIJING, Feb. 28, 2022 /PRNewswire/ -- Fang Holdings
Limited (NYSE: SFUN) ("Fang" or the "Company"), a leading real
estate Internet portal in China,
today announced changes in its board of directors (the "Board") and
Changes in Board
Appointment of New Chairman of the Board
Mr. Vincent Tianquan Mo ("Mr. Mo"), the Company's founder and
Executive Chairman of the Board, has stepped down from the Board,
the nominating and corporate governance committee and the
compensation committee of the Board, for personal reasons,
effective from February 28, 2022. Mr.
Mo's resignation did not result from any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices. Fang thanks Mr. Mo for his efforts
and contributions to the Company.
The Board has nominated and appointed Mr. Richard Jiangong Dai ("Mr. Dai"), as a director
and Executive Chairman of the Board, chairman of the compensation
committee and member of the nominating and corporate governance
committee of the Board, effective from February 28, 2022. Mr. Dai expressed that he is
dedicated to serving the Company and continuing to create values
for the shareholders of the Company.
Mr. Dai joined the Company in 1999 and previously served
multiple positions in the Company, including the Company's
president and chief executive officer from 1999 to 2014 and the
Company's director from September
2010 to February 2016. Mr. Dai
co-founded Yiyi Technology in 2015 and Xiangshui Technology in 2018
and served as the chief executive officer for the two companies.
Mr. Dai received a master's degree from Stanford University and a bachelor's degree from
Upon the effectiveness of Mr. Dai's appointment and Mr. Mo's
resignation, the Board will consist of six directors, including
four independent directors.
Changes in Management
Appointment of Chief Financial Officer
Mr. Peng Cui ("Mr. Cui") has been appointed as Fang's
chief financial officer effective from February 28, 2022.
Mr. Cui has served as acting chief financial officer of Fang
since January 2021, and the deputy
general manager of the capital market department of Fang since
May 2020. Prior to joining the
Company, Mr. Cui served in the assurance department of
PricewaterhouseCoopers LLP San Francisco Office from January 2019 to February
2020. From December 2017 to
December 2018, Mr. Cui served as a
senior consultant in the transaction advisory service department of
Ernst & Young (China) Advisory
Ltd. From August 2017 to November 2017, Mr. Cui served as a finance
manager at UBS (China) Limited.
From October 2012 to July 2017, Mr. Cui served at multiple positions,
including the last position as a senior assurance associate, at
PricewaterhouseCoopers Zhongtian LLP. Mr. Cui received his
bachelor's degree in economics from Tianjin University of Science and Technology
in 2007, and a master's degree in business administration from the
San Francisco State University in 2011.
Mr. Cui is a regular member of the American Institute of Certified
Fang operates a leading real estate Internet portal
in China in terms of the number of page views and
visitors to its websites. Through its websites, Fang provides
primarily marketing, listing, leads generation and financial
services for China's fast-growing real estate and home
furnishing and improvement sectors. Its user-friendly websites
support active online communities and networks of users seeking
information on, and value-added services for, the real estate and
home furnishing and improvement sectors in China. Fang
currently maintains approximately 70 offices to focus on local
market needs and its website and database contains real estate
related content covering 658 cities in China. For more
information about Fang, please visit http://ir.fang.com.
SOURCE Fang Holdings Limited