BEIJING, July 12, 2016 /PRNewswire/ -- SouFun Holdings
Limited (NYSE: SFUN) ("Fang" or the "Company"), the leading real
estate Internet portal in China,
today announced the appointment of new President, Mr. Jian Liu and the New Chief Operating Officer,
Ms. Zhihong Zhang.
Mr. Liu joined Fang in 2000 and most recently has served as the
Company's Chief Operating Officer since 2007. Prior to that, he
served as the president of various business divisions,
including new home and financial services. Mr. Liu also served as
the Chief Information Officer of the Company from 2004 to 2006. Mr.
Liu has extensive experience in the business operation and
management. He holds a bachelor's degree from Ningbo University.
The Company also announced the promotion of Ms. Zhang to the
Chief Operating Officer. Ms. Zhang has served as senior vice
president of the Company since April
2016 and is in charge of the financial and operation
optimization. Prior to that, she served as the financial director,
vice president of the resale group and vice president of the sales
department of the Company. She holds an MBA degree from China
Foreign Economic and Trade University.
"Both Mr. Jian Liu and Ms.
Zhihong Zhang have been with the
Company for more than 16 years. They have extensive experience in
different positions with the Company, as well as deep understanding
of the industry," commented Vincent
Mo, the Chairman and CEO of Fang. "I believe it is the right
time to further strengthen our core management team as Fang is
quickly expanding its E-Commerce business and gaining market share
across China. I look forward to
working closely with Mr. Liu and Ms. Zhang to drive the
transformation and lift the Company to the next level."
About Fang
Fang operates the leading real estate Internet portal in
China in terms of the number of
page views and visitors to its websites. Through our websites, we
provide e-commerce, marketing, listing, financial and other
value-added services for China's
fast-growing real estate and home furnishing and improvement
sectors. Our user-friendly websites support active online
communities and networks of users seeking information on, and other
value-added services for, the real estate and home furnishing and
improvement sectors in China. Fang
currently maintains about 100 offices to focus on local market
needs and its website and database contains real estate related
content covering more than 629 cities in China. For more information about Fang, please
visit http://ir.fang.com.
Safe Harbor Statements
This press release contains 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. Such forward-looking statements include, without
limitation, statements regarding Fang's future financial
performance, revenue guidance for 2016, growth and growth rates,
and market position and continued business transformation.
Statements that are not historical facts, including statements
about Fang's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, without limitation, whether the transactions contemplated
by the restructuring of Fang's assets and businesses will receive
the requisite approvals and clearance, whether such restructuring
will be carried out as planned, the impact of such restructuring on
Fang's assets and businesses, the impact of Fang's transformation
from a pure Internet information platform to a transaction-oriented
platform, the impact of Fang's implementation of a "zero tolerance
policy" that has resulted in dismissal of employees, the impact of
the slowdown in China's real
estate market on Fang and the impact on revenues of our existing
and new service fees reductions, the ability of Fang to retain real
estate listing agencies as customers during challenging economic
periods, the success of Fang's new business initiatives, the
ability of Fang to manage its operating expenses, the impact of,
measures taken or to be taken by the Chinese government to control
real estate growth and prices and other events which could occur in
the future, economic challenges in China's real estate market, the impact of
competitive market conditions for our services, our ability to
maintain and increase our leadership in China's home related internet sector, the
uncertain regulatory landscape in China, fluctuations in our quarterly operating
results, our continued ability to execute business strategies
including our SouFun membership services and SouFun Online Shop,
our ability to continue to expand in local markets, our reliance on
online advertising sales and listing services and transactions for
our revenues, any failure to successfully develop and expand our
content, service offerings and features, including the success of
new features to meet evolving market needs, and the technologies
that support them, the quality of the loans we originate and resell
and the performance of those loans in the future, our ability to
successfully service and process customer loans for our own benefit
and for the purchasers of those loans and, should we in the future
make acquisitions, any failure to successfully integrate acquired
businesses.
For investor and media inquiries, please contact:
Mr. Kent Cangsang Huang
CFO
Phone: +86-10-5631-9668
Email: huangcangsang@fang.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/fang-announced-appointment-of-new-president-and-new-coo-300297294.html
SOURCE SouFun Holdings Limited