{"id":519669,"date":"2021-07-29T07:04:27","date_gmt":"2021-07-29T11:04:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ke-holdings-announces-proxy-voting-rights-coming-into-effect\/"},"modified":"2021-07-29T07:04:27","modified_gmt":"2021-07-29T11:04:27","slug":"ke-holdings-announces-proxy-voting-rights-coming-into-effect","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ke-holdings-announces-proxy-voting-rights-coming-into-effect\/","title":{"rendered":"KE Holdings Announces Proxy Voting Rights Coming into Effect"},"content":{"rendered":"

<\/p>\n

KE Holdings Announces Proxy Voting Rights Coming into Effect<\/b><\/p>\n

BEIJING–(BUSINESS WIRE<\/a>)–
\nKE Holdings Inc. (\u201cBeike\u201d or the \u201cCompany\u201d) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today announced that Propitious Global Holdings Limited (\u201cPropitious\u201d), the Company\u2019s principal shareholder, has executed and delivered an Irrevocable Proxy and Power of Attorney (the \u201cPOA\u201d). 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 \u201cBaihui Partnership\u201d), 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 \u201cProxy Voting Rights\u201d).\n<\/p>\n

\nBaihui 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. (\u201cBeijing Lianjia\u201d) 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.\n<\/p>\n

About KE Holdings Inc. <\/b><\/p>\n

\nKE 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<\/i>, China\u2019s leading real estate brokerage brand and an integral part of its Beike<\/i> platform. With 20 years of operating experience through Lianjia<\/i> since its inception in 2001, the Company believes the success and proven track record of Lianjia<\/i> pave the way for it to build the industry infrastructure and standards and drive the rapid and sustainable growth of Beike.\n<\/p>\n

Safe Harbor Statement<\/b><\/p>\n

\nThis press release contains statements that may constitute \u201cforward-looking\u201d statements pursuant to the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cconfident,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201caims,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201clikely to,\u201d and similar statements. Among other things, the remarks made by the management in this press release, as well as Beike\u2019s 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 \u201cSEC\u201d), 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.\u2019s 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.\u2019s 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210729005475\/en\/<\/a><\/span><\/p>\n

\nFor investor and media inquiries, please contact:\n<\/p>\n

\nIn China:
\n
KE Holdings Inc.
\n
Investor Relations
\n
Matthew Zhao
\n
Siting Li
\n
E-mail: ir@ke.com<\/a><\/p>\n

\nThe Piacente Group, Inc.
\n
Ross Warner
\n
Tel: +86-10-6508-0677
\n
E-mail: ke@tpg-ir.com<\/a><\/p>\n

\nIn the United States:
\n
The Piacente Group, Inc.
\n
Brandi Piacente
\n
Tel: +1-212-481-2050
\n
E-mail: ke@tpg-ir.com<\/a><\/p>\n

KEYWORDS:<\/b> China Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Networks Internet Professional Services Other Professional Services Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

KE Holdings Announces Proxy Voting Rights Coming into Effect BEIJING–(BUSINESS WIRE)– KE Holdings Inc. (\u201cBeike\u201d or the \u201cCompany\u201d) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today announced that Propitious Global Holdings Limited (\u201cPropitious\u201d), the Company\u2019s principal shareholder, has executed and delivered an Irrevocable Proxy and Power of Attorney (the \u201cPOA\u201d). 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 \u201cBaihui Partnership\u201d), 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 … <\/p>\n

Continue reading “KE Holdings Announces Proxy Voting Rights Coming into Effect”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-519669","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKE Holdings Announces Proxy Voting Rights Coming into Effect - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ke-holdings-announces-proxy-voting-rights-coming-into-effect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KE Holdings Announces Proxy Voting Rights Coming into Effect - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KE Holdings Announces Proxy Voting Rights Coming into Effect BEIJING–(BUSINESS WIRE)– KE Holdings Inc. (\u201cBeike\u201d or the \u201cCompany\u201d) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today announced that Propitious Global Holdings Limited (\u201cPropitious\u201d), the Company\u2019s principal shareholder, has executed and delivered an Irrevocable Proxy and Power of Attorney (the \u201cPOA\u201d). 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. 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