eXp World Holdings releases plan to change CFO

The current chief financial officer, Jeff Whiteside, will remain with eXp World Holdings until December 1, 2023. Chief accounting officer Kent Cheng will fill in as chief financial officer.

EXp World Holdings, Inc. (Nasdaq: EXPI), which owns eXp Realty®, Virbela and SUCCESS® Enterprises, today announced that Chief Financial Officer Jeff Whiteside is stepping down and a search for his successor has begun. Whiteside will remain with the company until December 1, 2023 to support the transition. The company and its board of directors will work with an outside search firm to find the next chief financial officer.

'I would like to thank Jeff for his contributions to eXp World Holdings,'' said Glenn Sandford, founder, chairman and CEO of eXp World Holdings and eXp Realty.''''Jeff's financial expertise has helped develop the company through periods of growth and change over the past five years. On behalf of the Board and our entire team, I thank him for his many contributions and wish him well in his future endeavors. I am delighted that Kent will be taking on the role of Chief Financial Officer. I have worked closely with him over the past three years and expect this transition to be seamless as we continue to meet our financial objectives and begin the search for our next chief financial officer. "

"It has been a privilege to work alongside such a talented financial organization, executive team and impressive team of global agents as we navigated rapidly changing market conditions together," said''Whiteside. "I am grateful for the opportunity to contribute to eXp World Holdings over the past five years. I look forward to following their continued success as they continue to develop their innovative agent-centric model. "

Randal Miles, Board member and Chairman of the Audit Committee, said: "On behalf of the Board, I would like to thank Jeff for his contributions as Chief Financial Officer.

Whiteside's departure is not the result of dissent''regarding the company's financial statements or disclosures.

About eXp World Holdings, Inc.

eXp World Holdings, Inc.(Nasdaq: EXPI) is the holding company of eXp Realty®, Virbela® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai, and continues to grow internationally. As a publicly traded company, eXp World Holdings provides the real estate professional with a unique opportunity to receive equity for meeting goals and contributing to overall growth''s companies. eXp World Holdings and its businesses offer a full range of real estate brokerage and technology solutions, including an innovative real estate and commercial brokerage model, professional services, collaboration tools and personal development. Cloud Brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, founded in 1897 and publisher of SUCCESS® magazine and other related media properties, is the leading brand and publication in personal and professional development.

For more information, visit https://expworldholdings.com.

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