Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

KE Holdings Inc.

貝 殼 控 股 有 限 公 司

(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)

(Stock Code: 2423)

ANNOUNCEMENT

DISCLOSEABLE TRANSACTIONS

SUBSCRIPTION OF WEALTH MANAGEMENT PRODUCTS

BACKGROUND

The Company, through its wholly-owned subsidiary, Lianjia (Tianjin) Enterprise Management Co., Ltd. (鏈家(天津)企業管理有限公司), subscribed for (i) SPDB Wealth Management Product No.1 in the principal amount of RMB0.8 billion with SPDB Wealth Management on July 25, 2023; (ii) SPDB Wealth Management Product No.2 in the principal amount of RMB0.85 billion with SPDB Wealth Management on September 6, 2023; and (iii) SPDB Wealth Management Product No.3 in the principal amount of RMB3.3 billion with SPDB Wealth Management on September 19, 2023.

SPDB WEALTH MANAGEMENT PRODUCTS

The principal terms of the subscription of SPDB Wealth Management Products are set out as follows:

The subscription for the SPDB Wealth Management Products is financed with the self-owned funds of the Group.

REASONS FOR SUBSCRIPTION OF SPDB WEALTH MANAGEMENT PRODUCTS AND THEIR BENEFITS TO THE COMPANY

The Board believes that using temporary idle funds reasonably and effectively will enhance the capital gain of the Company, which is consistent with the core objectives of the Company to ensure capital safety and liquidity and meet the capital needs of the Group’s daily operations. The risk associated with subscription of SPDB Wealth Management Products ranges from low to relatively low, while the Company can enjoy a relatively higher return from investments in SPDB Wealth Management Products after comparing quotes from different issuers.

The Directors consider that the terms of subscription of SPDB Wealth Management Products are fair and reasonable, on normal commercial terms or better, and are in the interests of the Company and its shareholders as a whole.

INFORMATION OF THE PARTIES INVOLVED

The Company is an exempted company with limited liability incorporated in the Cayman Islands on July 6, 2018. The Company is a leading integrated online and offline platform for housing transactions and services, and a pioneer in building infrastructure and standards to reinvent how service providers and customers efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services.

Lianjia (Tianjin) Enterprise Management Co., Ltd. is a company incorporated in the PRC. It is a wholly-owned subsidiary of the Company and is mainly engaged in investment holding.

SPDB Wealth Management is a wealth management subsidiary wholly-owned by Shanghai Pudong Development Bank Co., Ltd., a licensed bank incorporated under the laws of the PRC and listed on the Shanghai Stock Exchange (stock code: 600000). The business scope of SPDB Wealth Management mainly covers issuing wealth management products to the public and investing and managing the investors’ assets as trustee, issuing wealth management products to qualified investors and investing and managing the investors’ assets as trustee, and financial advisory and consulting services, etc.

To the best of Directors’ knowledge, information and belief after making all reasonable enquiries, SPDB Wealth Management and its ultimate beneficial owner are third parties independent of the Group and its connected persons.

HONG KONG LISTING RULES IMPLICATIONS

As all the applicable percentage ratios (as defined under Rule 14.07 of the Hong Kong Listing Rules) in respect of subscription of SPDB Wealth Management Product No.1 and SPDB Wealth Management Product No.2 were below 5% whether on a standalone basis or an aggregate basis, the subscription of SPDB Wealth Management Product No.1 and SPDB Wealth Management Product No.2 did not constitute discloseable transactions of the Company.

As (i) SPDB Wealth Management Product No.1, SPDB Wealth Management Product No.2 and SPDB Wealth Management Product No.3 were all issued by SPDB Wealth Management and (ii) when subscribing for SPDB Wealth Management Product No.3, SPDB Wealth Management Product No.1 and SPDB Wealth Management Product No.2 remain outstanding, pursuant to Rule 14.22 of the Hong Kong Listing Rules, the transactions shall be aggregated.

Pursuant to the Hong Kong Listing Rules, as one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Hong Kong Listing Rules) of the aggregated transaction amounts of the subscription of SPDB Wealth Management Products exceeds 5% but all of the ratios are below 25%, such transactions constitute discloseable transactions of the Company and shall be subject to the notification and announcement requirements but exempt from the shareholders’ approval requirement under the Hong Kong Listing Rules.

DEFINITIONS

In this announcement, unless the context requires otherwise, the following terms shall have the meanings set out below:

Hong Kong, September 19, 2023

As at the date of this announcement, the board of directors of the Company comprises Mr. Yongdong Peng, Mr. Yigang Shan, Mr. Wangang Xu and Mr. Tao Xu as the executive directors, Mr. Jeffrey Zhaohui Li as the non-executive director, and Ms. Xiaohong Chen, Mr. Hansong Zhu and Mr. Jun Wu as the independent non-executive directors.