Fang Announces Changes in Board of Directors

Core Viewpoint - Fang Holdings Limited announced changes in its board of directors, including the resignation of Richard Jiangong Dai and the appointment of Vincent Tianquan Mo as the new Executive Chairman [1][2][3]. Board Changes - Richard Jiangong Dai resigned from the Board and its committees for personal reasons, effective November 1, 2024, without any disagreement with the Company [2]. - Vincent Tianquan Mo has been appointed as a director and Executive Chairman of the Board, effective November 1, 2024, and will also chair the compensation committee [3][5]. - The Board will continue to consist of five directors, including three independent directors, following these changes [5]. Background of New Executive Chairman - Vincent Tianquan Mo is the founder of Fang and previously served as Executive Chairman from 1999 to February 2022 [4]. - He has extensive experience in the industry, having held positions at Asia Development and Finance Corporation and Teleres [4]. - Mr. Mo holds multiple degrees, including a bachelor's in engineering and a master's in business administration, and is a Ph.D. candidate in economics [4]. Company Overview - Fang operates a leading real estate Internet portal in China, providing marketing, listing, lead generation, and financial services for the real estate sector [6]. - The company maintains approximately 62 offices across China and its website covers real estate content for 658 cities [6].