On July 12, 2023, KE Holdings Inc. announced that the Company proposed to appoint Mr. Wangang Xu ("Mr. Xu"), an executive director of the Company, as the vice chairman of the board of directors of the Company (the "Board"), subject to the approval of the Board. Mr. Xu will also be appointed as the chief executive officer of Beihaojia business segment of the Company and continue to serve as the executive director of the Company. Mr. Xu will no longer hold the position of the chief operating officer of the Company (the "Chief Operating Officer"), effective from July 12, 2023. The responsibilities of the Chief Operating
Officer will be undertaken by the heads of relevant business segments of the Company.