Fang Holdings Limited extraordinary general meeting held on September 27, 2021, the board announced appointment of the Proposed Independent Director, or Mr. Yu Huang, as an independent director of the Board and a member of the audit committee of the Board; and authorization for the Board to act by its compensation committee to negotiate and to endeavor to agree with Mr. Yu Huang the terms of his service, including but not limited to such terms regarding an indemnity, confidentiality and remuneration at such a commercial rate as may be agreed, as the compensation committee of the Board, in its sole discretion, deems fit.