SHENZHEN, China, Dec. 09, 2024 — Fangdd Network Group Ltd. (Nasdaq: DUO), a Chinese property technology firm focused on customer needs, announced a securities purchase agreement with investors for a registered direct offering. This offering involves US$7.0 million in Class A ordinary shares (or pre-funded warrants), priced at US$0.7 per share (or US$0.6994375 per pre-funded warrant).

The agreement includes standard terms for such transactions. The offering is slated to close around December 10, 2024, contingent upon customary closing conditions. FangDD plans to allocate the net proceeds to general corporate uses.

MM Global Securities, Inc. serves as the exclusive placement agent for this offering.

The securities are offered under an effective Form F-3 shelf registration statement (File No. 333-267397), filed with the SEC on September 13, 2022, and declared effective on September 29, 2022. These securities are available only through a prospectus and prospectus supplement, part of the registration statement. This documentation, including details on the Class A ordinary shares and pre-funded warrants, is available on the SEC website (http://www.sec.gov) or by contacting Room 1501, Shangmei Technology Building, No. 15 Dachong Road, Nanshan District, Shenzhen, the PRC, or via email at ir@fangdd.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such activity is illegal before registration or qualification under applicable securities laws.

About FangDD

Fangdd Network Group Ltd. (Nasdaq: DUO) is a customer-centric Chinese property technology company specializing in digital real estate transaction services. Leveraging mobile internet, cloud computing, big data, and artificial intelligence, FangDD offers modular products and solutions driven by SaaS tools, products, and technology to revolutionize real estate transactions. For more information, visit http://ir.fangdd.com.

Safe Harbor Statement

This announcement includes forward-looking statements, subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements, identified by terms like “aim,” “anticipate,” “believe,” “estimate,” and similar expressions, are not historical facts. These statements involve inherent risks and uncertainties. Actual results may differ materially. All information is current as of the release date, and the Company is not obligated to update any forward-looking statements unless legally required.

Investor Relations Contact

Ms. Linda Li
Director, Capital Markets Department
Phone: +86-0755-2699-8968
E-mail: ir@fangdd.com