Fang Holdings announces CFO Ke Wang resigns, Peng Cui succeeds

Fang Holdings announced changes in its board of directors and management. The board has nominated and appointed Jian Liu, Fang's CEO, as a director of the board, effective immediately. Zhizhi Gong, a director of the board, has resigned from the board. The company said Gong's resignation did not result from any disagreement with the company on any matter relating to the company's operations, policies or practices. Upon the effectiveness of Liu's appointment and Gong's resignation, the board will consist of five directors, including three independent directors. Peng Cui has been appointed as Fang's acting CFO to replace Ke Wang, effective immediately. Wang has resigned from the company for personal reasons. The company said his resignation did not result from any disagreement with the company on any matter relating to the company's operations, policies or practices. Cui has served as the deputy general manager of the capital market department of Fang since May 2020. Prior to joining the company, Cui served in the assurance department of PricewaterhouseCoopers LLP San Francisco Office from January 2019 to February 2020.