Fang Holdings Limited (Fang) and China Index Holdings Limited (CIH) announced that on June 11, 2019, they completed the separation of CIH from Fang to form two independent, publicly traded companies with differing business objectives and opportunities, via a dividend distribution of all the CIH’s ordinary shares owned by Fang to Fang’s equity holders. As part of the separation and distribution, CIH has appointed four new board members, Huang Yu, Jie Jiao, Robert Ciemniak, and Jeff Xuesong Leng, who have brought with them leadership and experience in capital markets and corporate operating roles. Mr. Vincent Tianquan Mo remains and will continue to serve as chairman of both the board of CIH and the board of Fang.