SHANGHAI, Sep. 29, 2009 (PRNewswire-Asia-FirstCall) -- E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced changes to its management team, effective immediately.

    -- Mr. Xin Zhou has been appointed as a co-chairman of the Board of
Directors and chief executive officer of China Real Estate Information
Corporation, formerly CRIC Holdings Limited ("CRIC"), a subsidiary of
E-House that will merge with SINA Corporation's online real estate
business effective upon the closing of CRIC's proposed initial public
offering in the U.S. Mr. Zhou has resigned as chief executive officer
of E-House and has taken on the new title of executive chairman of
E-House's Board of Directors.
-- Mr. Gordon Jianjun Zang, formerly head of E-House's primary real estate
agency business segment, has been appointed as acting chief executive
officer of E-House and a director of E-House's Board of Directors.
-- Mr. Charles Chao has resigned from E-House's Board of Directors. Mr.
Chao has also been appointed as a co-chairman of the Board of Directors
of CRIC, effective upon the closing of CRIC's proposed initial public
offering.

Mr. Xin Zhou, E-House's executive chairman, said, "E-House has clearly established itself as the leader in real estate services in China with an industry-leading brand, seasoned management team and well-tested business practice. Gordon, one of the founders of E-House and one of the most experienced executives in China's real estate services industry, has played an important role in our development. I am confident that his new appointment will enable E-House to further leverage and benefit from his vast experience and industry expertise, particularly in the area of primary real estate agency services. In the meantime, I am excited to take on my new responsibilities. While I will continue to oversee E-House's overall growth strategy across all of its business segments, I plan to put an additional focus on the growth and integration of E-House's real estate information and consulting services and SINA's online real estate business, with which we plan to merge following CRIC's proposed IPO."

Mr. Gordon Jianjun Zang, E-House's newly appointed acting chief executive officer, said, "I am honored to have the trust and confidence of Mr. Zhou and E-House's Board. Under Mr. Zhou's guidance, E-House has made remarkable achievements and will benefit from his continued leadership. I am committed to working with him and the entire management team to formulate and execute E-House's future strategies."

Mr. Li-Lan Cheng, E-House's chief financial officer added, "This is an exciting time in E-House's history. Under the new management structure, Mr.