China Index Completes Spin-Off from Fang by Way of Distribution

On June 11, 2019, China Index Holdings Limited (China Index) completed its spin-off from Fang Holdings Limited (Fang), its parent company, via a dividend distribution of all the issued and outstanding shares of China Index held by Fang to Fang's equity holders and the listing of China Index's Class A ordinary shares represented by American depositary shares on the Nasdaq Global Market. China Index's American depositary shares commenced trading in a regular way on June 12, under the ticker symbol "CIH." After the completion of the spin-off, China Index and Fang will become two independent, publicly traded companies. Wilson Sonsini Goodrich & Rosati acted as the U.S. counsel to China Index in the spin-off and listing.

China Index is the largest real estate information and analytics service provider in China in terms of geographical coverage and volume of data points as of December 31, 2018. Fang is a leading real estate internet portal in China.

The WSGR team that represented China Index in this transaction includes:

Corporate:
Dan Ouyang, Partner
Barry E. Taylor, Partner
Steven Bernard, Partner
Ke Li, Counsel
Zhenzhen Bao, Associate
Xinyi Wang, Associate
Yu Ma, Legal Consultant

Tax:
Jonathan Zhu, Partner
Joe Mandry, Associate