KE Holdings Inc. Updates Status Under Foreign Holding Company Liability Act | News


KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, today updates its status under the Foreign Companies Liability Act (the “HFCAA”).

The Company is aware that it was identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA on April 21, 2022. The Company understands that this identification under the HFCAA and its implementing rules issued thereunder state that the SEC determines that the Company has employed a registered public accounting firm whose working papers cannot be inspected or studied completely by Public Company Accounting Oversight Board of the United States (the “PCAOB”) to issue the audit opinion on its financial statements for the year ended December 31, 2021.

Pursuant to the HFCAA, the SEC will prohibit a company’s stock or depository U.S. shares from trading on a U.S. stock exchange or over-the-counter market in the United States if the company has been identified by the SEC for three years. due to the PCAOB’s inability to inspect the working paper of the registered public accounting firm associated with this company.

The Company has actively explored possible solutions to protect the interests of its stakeholders. The Company will continue to comply with applicable laws and regulations in China and the United States, and will endeavor to maintain its listed status on the New York Stock Exchange.

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 the infrastructure and industry standards in China to reinvent the way service providers and housing customers navigate and efficiently complete housing transactions, ranging from sales of existing homes and new, home rentals, home renovation and furnishing, 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 pave the way for it to build industry infrastructure and standards and drive the rapid and sustainable growth of 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.

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CONTACT: For investor and media inquiries, please contact: In China:

KE Holdings Inc.

Investor Relations

Matthew Zhao

Location Li

Email: ir@ke.comThe Piacente Group, Inc.

Song Yang

Tel: +86-10-6508-0677

E-mail: In the United States:

Piacente Group, Inc.

Brandi Piecente

Tel: +1-212-481-2050



SOURCE: KE Holdings Inc.

Copyright BusinessWire 2022.

PUBLISHED: 04/21/2022 19:00 / DISK: 04/21/2022 19:02

Copyright BusinessWire 2022.