Fang Holdings Limited announced changes in its board of directors and management. Mr. Vincent Tianquan 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. Fang thanks Mr. Mo for his efforts and contributions to the Company.

The Board has nominated and appointed Mr. Richard Jiangong 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. Upon the effectiveness of Mr. Dai's appointment and Mr. Mo's resignation, the Board will consist of six directors, including four independent directors.