Fang Receives Notification from NYSE Regarding Delayed Filin

Fang Receives Notification from NYSE Regarding Delayed Filing of 2020 Form 20-F


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BEIJING, May 24, 2021 /PRNewswire/ -- Fang Holdings Limited (NYSE: SFUN) ("Fang" or the "Company"), a leading real estate Internet portal in China, today reports that as of May 18, 2021, it is delinquent in filing its annual report on Form 20-F for the fiscal year ended December 31, 2020 (the "2020 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). The Company previously filed a Form 12b-25 with the SEC on May 3, 2021 for late filing of the 2020 Form 20-F, pursuant to which the 2020 Form 20-F was due to be filed by May 17, 2021. The Company expects to file the 2020 Form 20-F (i) upon the outcome of the pending winding-up petition disclosed in the Company's report on Form 6-K furnished to the Commission on December 7, 2020, (ii) upon the outcome of the negotiation between the Company and its convertible note holders for the repayment schedule of the outstanding amount under the convertible notes, which were originally due in 2022 and have become due on demand as a result of the aforementioned winding-up petition, (iii) once the Company's financial statements for the fiscal year ended December 31, 2020 are finalized, and (iv) once the Company has completed their assessment of the Company's internal control over financial reporting as of December 31, 2020.

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