# EDGAR Filing Document

**Accession Number:** 0001809587
**File Stem:** 0000950103-25-012567
**Filing Date:** 2025-9
**Character Count:** 14276
**Document Hash:** 6af5aee8e740318416058da33e41f28a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-012567.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0000950103-25-012567

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KE Holdings Inc.
- **CENTRAL INDEX KEY:** 0001809587
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91629
- **FILM NUMBER:** 251360752

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
- **STREET 2:** NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100086
- **BUSINESS PHONE:** 861058104689

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
- **STREET 2:** NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100086
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tencent Holdings Ltd
- **CENTRAL INDEX KEY:** 0001293451
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** ROOM 3506, 35TH FLOOR
- **STREET 2:** TOWER 2, LIPPO CENTRE
- **CITY:** ADMIRALTY
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 86-755-86013388

**MAIL ADDRESS:**
- **STREET 1:** ROOM 3506, 35TH FLOOR
- **STREET 2:** TOWER 2, LIPPO CENTRE
- **CITY:** ADMIRALTY
- **STATE:** K3
- **ZIP:** 00000

## Ex-99.A

**Exhibit 99.A**

**SCHEDULE A** 

**EXECUTIVE OFFICERS AND DIRECTORS**

**Directors and Executive Officers of Tencent Holdings Limited**

The names of the directors and the names and titles of the executive officers of Tencent Holdings Limited and their principal occupations are set forth below. The business address of each of the directors or executive officers is Level 29, Three Pacific Place, No. 1 Queen's Road East, Wanchai, Hong Kong. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Tencent Holdings Limited.

---

| | | |
|:---|:---|:---|
| **Name** | **Present Principal Employment** | **Citizenship** |
| **Directors:** |  |  |
| Ma Huateng | Chairman of the Board and Executive Director | People's Republic of China |
| Jacobus Petrus (Koos) Bekker | Non-Executive Director | Republic of South Africa |
| Charles St Leger Searle | Non-Executive Director | Republic of South Africa |
| Li Dong Sheng | Independent Non-Executive Director | People's Republic of China |
| Ian Charles Stone | Independent Non-Executive Director | United Kingdom of Great Britain and Northern Ireland |
| Yang Siu Shun | Independent Non-Executive Director | People's Republic of China (Hong Kong SAR) |
| Ke Yang | Independent Non-Executive Director | People's Republic of China |
| Zhang Xiulan | Independent Non-Executive Director | People's Republic of China |
| **Executive officers:** |  |  |
| Ma Huateng | Chief Executive Officer | People's Republic of China |
| Lau Chi Ping Martin | President | People's Republic of China (Hong Kong SAR) |
| Xu Chenye | Chief Information Officer | People's Republic of China |
| Ren Yuxin | Chief Operating Officer and President of Platform & Content Group and Interactive Entertainment Group | People's Republic of China |
| James Gordon Mitchell | Chief Strategy Officer and Senior Executive Vice President | United Kingdom of Great Britain and Northern Ireland |
| John Shek Hon Lo | Chief Financial Officer and Senior Vice President | People's Republic of China (Hong Kong SAR) |

---

**Directors and Executive Officers of Tencent Mobility Limited**

The names of the directors and the names and titles of the executive officers of Tencent Mobility Limited and their principal occupations are set forth below. The business address of each of the directors or executive officers is c/o Tencent Holdings Limited, Level 29, Three Pacific Place, No. 1 Queen's Road East, Wanchai, Hong Kong. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to Tencent Mobility Limited.

---

| | | | |
|:---|:---|:---|:---|
| **Name** | | **Present Principal Employment** | **Citizenship** |
| **Directors:** |  |  |  |
| Pu Hai Tao | Director |  | Australia |
| Wang Sze Man | Director |  | People's Republic of China (Hong Kong SAR) |
| **Executive Officers:** |  |  |  |
| N/A |  |  |  |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**KE Holdings Inc.**

*(Name of Issuer)*

**Class A Ordinary Shares, par value US$0.00002 per share**

*(Title of Class of Securities)*

**482497104**

*(CUSIP Number)*

**Tencent Holdings Limited**<br>Level 29, Three Pacific Place<br>No. 1 Queen's Road East<br>Wanchai K3 HKG<br>852 3148 5100

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/30/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **482497104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tencent Holdings Limited** | Name of reporting person<br>**Tencent Holdings Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**295185491.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**295185491.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**295185491.00** | Aggregate amount beneficially owned by each reporting person<br>**295185491.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.7%** | Percent of class represented by amount in Row (11)<br>**8.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **482497104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tencent Mobility Ltd** | Name of reporting person<br>**Tencent Mobility Ltd** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**245499801.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**245499801.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**245499801.00** | Aggregate amount beneficially owned by each reporting person<br>**245499801.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value US$0.00002 per share

**(b) Name of Issuer:**
KE Holdings Inc.

**(c) Address of Issuer's Principal Executive Offices:**
Oriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, F4, 100086

This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on December 20, 2024 (as amended to date, the "Schedule 13D"), relating to the Class A ordinary shares, par value US$0.00002 per share (the "Class A Ordinary Shares"), and American depositary shares, each representing three Class A Ordinary Shares ("ADSs"), of KE Holdings Inc.,  a limited liability company organized and existing under the laws of the Cayman Islands (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule D is hereby amended and supplemented by adding the following before the sub-title named "General" in this Item:

On February 10, 2025, Parallel Stellar surrendered 2 Class A Ordinary Shares of the Issuer.

On September 30, 2025, Sunshine Peak, TPP I SPV and TPP II SPV, entities controlled by Tencent Plus Partners ("TPP"), executed a distribution plan of Class A Ordinary Shares they held through on-market transactions in the amount of 13,323,284 ADSs representing 39,969,852 Class A Ordinary Shares of the Issuer, and distributing the proceeds to their limited partners. TPP is under Tencent and facilitates collaboration with external capital partners by investing with Tencent. Tencent's interest (excluding TPP) in BEKE remains unchanged.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows.

(a) - (b)

Items 7 through 11 and 13 of each of the cover page of the Schedule 13D for the Reporting Persons are incorporated herein by reference. As of the date hereof:

Tencent Mobility may be deemed to be the beneficial owner, and deemed to have the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of 245,499,801 Class A Ordinary Shares held of record by Tencent Mobility, representing 7.2% of the total issued and outstanding Class A Ordinary Shares;

TPP I GP may be deemed to be the beneficial owner, and deemed to have the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of 516,195 Class A Ordinary Shares represented by 172,065 ADSs held of record by TPP I GP, representing 0.02% of the total issued and outstanding Class A Ordinary Shares;

Morespark may be deemed to be the beneficial owner, and deemed to have the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of 49,169,495 Class A Ordinary Shares held of record by Morespark, representing 1.4% of the total issued and outstanding Class A Ordinary Shares; and

Tencent is the parent company of Tencent Mobility, TPP I GP and Morespark.

As such, Tencent may deemed to be the beneficial owner, and deemed to have the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of an aggregate of 295,185,491 Class A Ordinary Shares held of record by Tencent Mobility, TPP I GP and Morespark, representing 8.7% of the total issued and outstanding Class A Ordinary Shares.

The beneficial ownership percentage above is calculated based on 3,403,080,518 Class A Ordinary Shares of the Issuer issued and outstanding as of September 25, 2025, as disclosed in the current report on Form 6-K furnished to the United States Securities and Exchange Commission (the "SEC") by the Issuer on September 29, 2025.

To the knowledge of the Reporting Persons, none of the Related Persons beneficially owns any Class A Ordinary Shares.

**(b)**
Please see Item 5(a) above.

**(c)**
Except as described in Item 4, during the past 60 days, none of the Reporting Persons or to the best knowledge of the Reporting Persons, the Related Persons has effected any transactions in the Class A Ordinary Shares.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tencent Holdings Limited

**Signature:** /s/ Ma Huateng

**Name/Title:** Ma Huateng, Director

**Date:** 09/30/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tencent Mobility Ltd

**Signature:** /s/ Pu Hai Tao

**Name/Title:** Pu Hai Tao, Director

**Date:** 09/30/2025