Fangdd Network Group

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Fangdd Network Group Ltd. is an investment holding company, which engages in the provision of real estate information services through its online platform. It also offers integrated marketing services for individual customers, real estate developers, and agents. The company was founded by Yi Duan, Xi Zeng, and Jian Cheng Li in October 2011 and is headquartered in Shenzhen, China.

SHENZHEN, China, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the “Purchase Agreement”) for the issuance and sale by the Company of 1,000,000 American depositary shares (“ADSs”), each representing 375 Class A ordinary shares of the Company, at a price of US$0.6976 per ADS, in a registered direct offering.

FangDD Announces US$697,600 Registered Direct Offering of American Depositary Shares

SHENZHEN, China, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that the Company's board of directors (the “Board”) has appointed Mr. Zhen Xie as (i) a director of the Company, (ii) the chairman of the Nominating and Corporate Governance Committee, (iii) a member of the Compensation Committee, and (iv) a member of the Audit Committee, to succeed Mr. Weiru Chen, who has resigned from these positions for personal reasons. These Board and committee changes became effective today.

FangDD Announces Board and Committee Changes

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SHENZHEN, China, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it has received written notification (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) dated October 20, 2022, notifying the Company that it is not in compliance with the minimum market value requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5450(b)(1)(C) requires companies to maintain a minimum market value of publicly held shares of at least US$5 million, and Listing Rule 5810(c)(3)(D) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the market value of the Company for the 30 consecutive business days from September 8, 2022 to October 19, 2022, the Company no longer meets the minimum market value requirement.

FangDD Received Nasdaq Notification Regarding Minimum Market Value Deficiency

SHENZHEN, China, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today published a notice to announce that it will hold an extraordinary general meeting (the “EGM”) of shareholders (the “Notice of EGM”) at Room 602, Unit B4, Kexing Science Park, 15 Keyuan Road, Technology Park, Nanshan District, Shenzhen, People's Republic of China on October 14, 2022 at 9:00 am (Beijing time), for the purposes of considering and, if thought fit, passing the Proposed Resolution set forth in the Notice of EGM. The Notice of EGM and proxy card for the EGM are available on the Company's website at http://ir.fangdd.com/. The board of directors of FangDD fully supports the Proposed Resolution listed in the Notice of EGM and recommends that shareholders and holders of ADSs vote in favor of the resolution set out in the Notice of EGM.

FangDD to Hold an Extraordinary General Meeting of Shareholders on October 14, 2022

SHENZHEN, China, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced a few changes of the Company's board of directors (the “Board”), Audit Committee and management.

FangDD Announces Board and Management Changes

SHENZHEN, China, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2022.

FangDD Reports First Half 2022 Unaudited Financial Results

SHENZHEN, China, May 18, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that Mr. Yi Duan has resigned as the Chairman of the of the Board of Directors, Co-Chief Executive Officer, a member of the Compensation Committee and a member of the Nominating and Corporate Governance Committee for personal reasons. Mr. Duan will continue to serve as a director of the Company. Mr. Xi Zeng, the Company's director and Chief Executive Officer, has been appointed to serve as the Chairman of the Board of Directors, a member of the Compensation Committee and a member of the Nominating and Corporate Governance Committee. These changes became effective today.

Fangdd Announces Management and Board Changes

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SHENZHEN, China, April 23, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on April 22, 2022. The annual report can be accessed on the Company's investor relations website at http://ir.fangdd.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

FangDD Filed 2021 Annual Report on Form 20-F

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SHENZHEN, China, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (“FangDD” or the “Company”) (Nasdaq: DUO) today announced that the Company had received a notice from the Nasdaq Stock Market LLC (“Nasdaq”), dated January 4, 2022, notifying that, the Company is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (the “Rule”). It has resulted from the fact that the bid price of the Company's American depositary shares (“ADSs”) closed below US$1 per share for the last 30 consecutive business days from November 19, 2021 to January 3, 2022. The Company has been granted a grace period of 180 calendar days, expiring on July 5, 2022, in which to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Company's ADSs is at least US$1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time.

FangDD Receives Nasdaq Notice Regarding Minimum Bid Requirements

Fangdd Network Group Ltd. (DUO) CEO Xi Zeng on Q3 2021 Results - Earnings Call Transcript

Fangdd Network Group (NASDAQ:DUO) reported its Q3 earnings results on Friday, November 19, 2021 at 06:00 AM. Here's what investors need to know about the announcement.

Recap: Fangdd Network Group Q3 Earnings

SHENZHEN, China, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

FangDD Reports Third Quarter 2021 Unaudited Financial Results

Fangdd Network Group's (DUO) CEO Xi Zeng on Q2 2021 Results - Earnings Call Transcript

Shares of Fangdd Network Group (NASDAQ:DUO) rose 4.7% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 866.67% year over year to ($0.23), which missed the estimate of $0.14.

Recap: Fangdd Network Group Q2 Earnings

SHENZHEN, China, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.

FangDD Reports Second Quarter 2021 Unaudited Financial Results

SHENZHEN, China, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it plans to release its second quarter 2021 financial results before the market opens on Friday, August 13, 2021.

FangDD to Announce Second Quarter 2021 Financial Results on August 13, 2021

Fangdd Network Group's (DUO) Management on Q1 2021 Results - Earnings Call Transcript

Shares of Fangdd Network Group (NASDAQ:DUO) rose 2.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 15.00% year over year to ($0.17), which missed the estimate of ($0.10).

Recap: Fangdd Network Group Q1 Earnings

SHENZHEN, China, May 14, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

FangDD Reports First Quarter 2021 Unaudited Financial Results

SHENZHEN, China, April 01, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission on March 31, 2021, Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.fangdd.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

FangDD Filed 2020 Annual Report on Form 20-F

Fangdd Network Group Ltd. (DUO) CEO Zeng Xi on Q4 2020 Results - Earnings Call Transcript

Shares of Fangdd Network Group (NASDAQ:DUO) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share decreased 161.90% over the past year to ($0.13), which may not compare to the estimate of $0.68.

News for Fangdd Network Group Stock (DUO)