BEIJING, June 27,
2018 /PRNewswire/ -- Leju Holdings Limited ("Leju" or the
"Company") (NYSE: LEJU), a leading online-to-offline ("O2O") real
estate services provider in China,
today announced that Mr. Geoffrey
He, Leju's Chief Executive Officer, has agreed to purchase
an aggregate of 6,788,198 ordinary shares of the Company,
representing approximately 5% of the Company's current total
outstanding share capital, from E-House (China) Holdings Limited ("E-House"), a
principal shareholder of the Company. The total consideration of
the transaction is US$9,299,831,
equivalent to US$1.37 per ordinary
share or US$1.37 per ADS, which
represents the average closing price of the Company's ADSs for the
30 consecutive trading days prior to June
27, 2018. This share purchase has been approved by Leju's
Board and the shares purchased are subject to a three-year
lock-up.
"We are grateful for the support of our principal shareholder
E-House," said Mr. Geoffrey He,
Leju's Chief Executive Officer. "By investing personal funds to
increase my stake in Leju, this share purchase reflects the
confidence shared by me and Leju's management in the Company's
business strategies and prospects, as well as our commitment to
enhancing long term shareholder value."
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"going forward," "outlook" and similar statements. Leju may also
make written or oral forward-looking statements in its reports
filed or furnished with the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about Leju's beliefs
and expectations, are forward-looking statements that involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained, either expressly or impliedly, in any of the
forward-looking statements. Such factors include, but are not
limited to, fluctuations in China's real estate market; the highly
regulated nature of, and government measures affecting, the real
estate and internet industries in China; Leju's ability to compete successfully
against current and future competitors; its ability to continue to
develop and expand its content, service offerings and features, and
to develop or incorporate the technologies that support them; its
limited operating history and lack of experience as a stand-alone
public company, given its carve-out from E-House and prior reliance
on E-House for various corporate services; its reliance on SINA and
others with which it has developed, or may develop in the future,
strategic partnerships; substantial revenue contribution from a
limited number of real estate markets; complexities resulting from
its ongoing relationships with E-House, due to E-House's status as
a principal shareholder of Leju; and relevant government policies
and regulations relating to the corporate structure, business and
industry of Leju. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is current as of the
date of the press release, and the Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
About Leju
Leju Holdings Limited ("Leju") (NYSE: LEJU) is a leading
online-to-offline, or O2O, real estate services provider in
China, offering real estate
e-commerce, online advertising and online listing services. Leju's
integrated online platform comprises various mobile applications
along with local websites covering more than 370 cities, enhanced
by complementary offline services to facilitate residential
property transactions. In addition to the Company's own websites,
Leju operates the real estate and home furnishing websites of SINA
Corporation, and maintains a strategic partnership with
Tencent Holdings Limited. For more
information about Leju, please visit http://ir.leju.com.
For investor and media inquiries please contact:
Ms. Christina Wu
Leju Holdings Limited
Phone: +86 (10) 5895-1062
E-mail: ir@leju.com
Philip Lisio
Foote Group
Phone: +86 135-0116-6560
E-mail: phil@thefootegroup.com
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SOURCE Leju Holdings Limited