Fang Holdings Limited announced changes in its board of directors and management. The Board has nominated and appointed Mr. Jian Liu, Fang's chief executive officer,as a director of the Board, effective from January 19, 2021. Ms. Zhizhi Gong, a director of the Board, has resigned from the Board, effective from January 19, 2021. Upon the effectiveness of Mr. Liu's appointment and Ms. Gong's resignation, the Board will consist of five directors, including three independent directors. Mr. Shihang Dong has been appointed as Fang's president to replace Mr. Liu, effective from January 19, 2021. Mr. Liu will continue to serve as the chief executive officer in charge of the general management of the Company .