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KE Holdings Inc. Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

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Benzinga
By Business Wire

KE Holdings Inc. (Beike or the Company) BEKE, a leading integrated online and offline platform for housing transactions and services, today announced the proposed dual primary listing of its Class A ordinary shares, par value US$0.00002 per share (the Shares) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the SEHK). The Company's American depositary shares (the ADSs), each representing three Shares, will continue to be primarily listed and traded on the New York Stock Exchange (the NYSE).

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The Company has received a letter of in-principle approval to the listing application from the SEHK on May 4, 2024 (Beijing/Hong Kong Time) for the dual primary listing of the Shares on the Main Board of the SEHK. The listing document relating to the proposed dual primary listing of the Shares by way of introduction on the Main Board of the SEHK (the Listing Document) has been published on the website of the SEHK on May 5, 2024 (Beijing/Hong Kong Time). Subject to the final listing approval from the SEHK, the Shares are expected to commence trading on the Main Board of the SEHK on May 11, 2024 (Beijing/Hong Kong Time) under the stock code 2423. The Shares will be traded in board lots of 100 Shares. Upon dual primary listing on the Main Board of the SEHK, the Shares listed on the Main Board of the SEHK will be fully fungible with the ADSs listed on the NYSE.

With respect to the proposed dual primary listing on the Main Board of the SEHK, Goldman Sachs (Asia) L.L.C. and China International Capital Corporation Hong Kong Securities Limited are acting as the joint sponsors. In addition, the Company has appointed Goldman Sachs (Asia) Securities Limited as the designated securities dealer and China International Capital Corporation Hong Kong Securities Limited as the alternate designated securities dealer to carry out bridging and other trading arrangements in good faith and on arm's length terms with a view to contributing towards liquidity to meet demand for the Shares in Hong Kong and to maintain an orderly market for a period of three months, commencing on May 11, 2024 (Beijing/Hong Kong Time).

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