China Index Holdings Limited (‘CIH' or the ‘Company') announced that its board of directors has formed a special committee (the ‘Special Committee') consisting of two independent directors, Mr. Jianping Ye and Mr. Jason Chenyang Wei, to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated August 23, 2022 (the ‘Proposal') from Fang Holdings Limited (‘Fang') to acquire all of the outstanding shares of the Company not currently owned by Fang (the ‘Proposed Transaction'), or any potential alternative transactions, and (ii) that the Special Committee has retained Gibson, Dunn & Crutcher LLP as its U.S. legal counsel to assist it in the evaluation of the Proposed Transaction and any potential alternative transactions.