KE Holdings Inc. Announces Proposed Dual Primary Listing on Stock Exchange of Hong Kong Limited

BEIJING–(BUSINESS WIRE)–KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today announced the proposal for a dual principal listing of its ordinary shares of Class A, par value of US$0.00002 per share (the “Shares”) by way of an introduction to the Main Board of The Stock Exchange of Hong Kong Limited (the ” SEHK”). The Company’s US Depositary Shares (the “ADS”), representing three Shares each, will continue to be primarily listed and traded on the New York Stock Exchange (the “NYSE”).

The Company received a letter of approval in principle for the listing application from the SEHK on 4 May 2022 (Beijing/Hong Kong time) for the dual primary listing of the Shares on the main board of the SEHK. The listing document relating to the proposed dual primary listing of the Shares by way of introduction to the Main Board of the SEHK (the “Listing Document”) was published on the website of the SEHK on May 5, 2022 (Beijing/ Hong Kong Time). Subject to final listing approval by the SEHK, the shares are expected to begin trading on the Main Board of the SEHK on May 11, 2022 (Beijing/Hong Kong time) under stock code “2423”. Shares will trade in board lots of 100 Shares. In a dual primary listing on the main board of the SEHK, the shares listed on the main board of the SEHK will be fully fungible with the ADSs listed on the NYSE.

With respect to the dual primary listing offered on the Main Board of the SEHK, Goldman Sachs (Asia) LLC and China International Capital Corporation Hong Kong Securities Limited act as co-sponsors. In addition, the Company has appointed Goldman Sachs (Asia) Securities Limited as Designated Securities Dealer and China International Capital Corporation Hong Kong Securities Limited as Alternate Designated Securities Dealer to enter into transition agreements and other business arrangements. in good faith and on arm’s length terms. with a view to contributing liquidity to meet the demand for Shares in Hong Kong and to maintain an orderly market for a period of three months, commencing 11 May 2022 (Beijing/Hong Kong time).

This press release does not constitute an offer to sell or the solicitation of an offer or an invitation to buy securities of the Company, and there will be no offer or sale of the securities in any state or other jurisdiction in which a such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

The Company has made arrangements with its principal share register in the Cayman Islands and the Hong Kong share register for the removal of a portion of its shares (which includes all shares represented by ADSs) from its share register of Cayman Islands and its transfer to its Hong Kong Register of Shares at no additional cost to shareholders prior to listing on the Main Board of the SEHK. Please refer to the section titled “Market Arrangements to Facilitate Dealings in Hong Kong” of the Registration Document for further details.

About KE Holdings Inc.

KE Holdings Inc. is a leading online and offline integrated platform for housing transactions and services. The company is a pioneer in building infrastructure and standards to reinvent the way service providers and housing customers navigate and efficiently complete housing transactions in China, ranging from existing and new home sales, rentals of houses, renovation and furnishing of houses, 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 over 20 years of operating experience across Lianjia since its inception in 2001, the company believes that Lianjia’s success and proven track record paves the way for it to develop its infrastructure and standards and drive rapid and sustainable growth. by Beike.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Among other things, the business outlook and management quotes in this press release, as well as Beike’s strategic and operating plans, contain forward-looking statements. Beike may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written documents 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 statements, including, but not limited to, the following: Beike’s objectives and strategies; the future business development, financial condition and results of operations of Beike; anticipated changes in the Company’s revenues, costs or expenses; Beike’s ability to enhance services and facilitate transactions on the Beike Platform; competition in our industry; relevant government policies and regulations relating to our industry; Beike’s ability to protect the Company’s systems and infrastructure against cyberattacks; Beike’s reliance on the integrity of brokerage brands, stores and agents on the company’s platform; general economic and business conditions in China and around the world; and assumptions underlying or relating to any of the foregoing. 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. undertakes no obligation to update any forward-looking statements except as required by applicable law.

Sallie R. Loera