Fang and China Index Announce Completion of Separation by Way of Distribution
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in terms of geographical coverage and volume of data points as of December 31, 2018, according to an industry report commissioned by CIH and prepared by Frost & Sullivan in 2019. |
Following the separation and distribution, CIH will strategically focus on serving the commercial property sector in
As part of the separation and distribution, CIH has appointed four new board members,
About Fang
Fang operates a leading real estate Internet portal in
About CIH
CIH operates the largest real estate information and analytics service platform in
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in terms of geographical coverage and volume of data points as of December 31, 2018, according to an industry report commissioned by CIH and prepared by Frost & Sullivan in 2019. |
Safe Harbor Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions, and include, without limitation, statements regarding the completion of the separation and distribution. Such statements are based upon management's current expectations and current market and other conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Fang's or CIH's control, which may cause the completion of the separation and distribution and the operations of Fang and CIH to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the market and other conditions and Fang's and CIH's results of operations. Further information regarding these and other risks, uncertainties or factors is included in Fang's filings or CIH's filings with the
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SOURCE
Fang's Contact Information: Mr. Zijin Li, Acting CFO, Phone: +86-10-5631-8805, Email: lizijin.bj@fang.com; Ms. Jessie Yang, Investor Relations Director, Phone: +86-10-5631-8805, Email: jessieyang@fang.com; CIH's Contact Information: Ms. Lili Chen, Financial Controller, Phone: +86-10-5631-9106, Email: chenlili@fang.com