China Index Holdings Limited announced Mr. Jeff Xuesong Leng and Ms. Jill Jie Jiao have resigned from the Board and committees of the Board for personal reasons, effective May 20, 2022. Mr. Leng and Ms. Jiao's resignations did not result from any disagreement with the Company or on any matter related to the Company's operations, policies or practices. Mr. Jason Chenyang Wei and Mr. Jianping Ye have been appointed as independent directors to the Board, effective May 20, 2022.

Mr. Wei will serve as Chairperson on the Audit Committee and as a member on the Nominating and Corporate Governance Committee. Mr. Ye will serve as a member on the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee. Upon the effectiveness of Mr. Leng's and Ms. Jiao's resignations and Mr. Wei's and Mr. Ye's appointments, the Board will consist of five directors, including three independent directors.

Mr. Jason Chenyang Wei is Associate Dean of Tsinghua Institute of FinTech Research. At Tsinghua PBC School of Finance (PBCSF), he serves as Director of the China Insurance and Pension Research Center, and Secretary General of Tsinghua PBCSF Global Forum of Real Estate Finance. He is former General Manager of the New York Center and Chief U.S. Economist of Zenity Holdings, a global industrial investment group headquartered in China.

Prior to joining Zenity, he was Head of Credit Research at American International Group (AIG). Before joining AIG, he was Senior Economist at the Federal Reserve Bank of Philadelphia, and before that he was Economist at the Federal Reserve Bank of New York. He is also a Research Fellow at Wharton Financial Institutions Center.

He has published on top-tier finance and policy journals including Review of Financial Studies, Economic Policy Review, Tsinghua Financial Review, and International Financial Review. He is former Chairman of Board of The Chinese Finance Association (TCFA), the large global association of Chinese finance professionals with over 6000 members worldwide. He served as President of TCFA from 2014 to 2015.

Mr. Jianping Ye is Professor and Doctoral Supervisor of the School of Public Administration and Policy of Renmin University of China. He is a member of the Science and Technology Committee of the Ministry of Land and Resources, the Vice Chairman of the Real Estate Appraisal and Brokerage Expert Committee and the Policy Research Committee of the Ministry of Housing and Urban-Rural Development of the People's Republic of China. He is also an executive member of China Land Science Society (also the Vice Chairman of Cultivated Land Protection Branch and Popular Science Branch), the Director of the Department of Land Management of the Schoolof Public Administration and Policy of Renmin University of China (2001-2012), the Vice President of China Institute of Real Estate Appraisers and Agents (2012), Vice President of Beijing Land Science Society, executive member of Global Chinese Real Estate Congress, Honorary Professor of the Departments of Architecture and Real Estate of the University of Hong Kong, Director and Founder of the Asia Pacific Housing Network (APHRN), and Senior Fellow of the Royal Institution of Chartered Surveyors (FRICS).