SHENZHEN, China, Oct. 11, 2024 — Fangdd Network Group Ltd. (“FangDD” or the “Company”) (Nasdaq: DUO) announced today that it has regained compliance with the minimum bid price requirement set by Nasdaq Stock Market LLC (“Nasdaq”).

On October 10, 2024, FangDD received a notification letter (the “Compliance Notice”) from Nasdaq, confirming that the Company has met the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

As previously announced, FangDD had been notified by Nasdaq on December 13, 2023 that the Company was not in compliance with the Minimum Bid Price Requirement due to the bid price of the Company’s American depositary shares (“ADSs”) falling below US$1.00 per share for 30 consecutive business days. However, Nasdaq has confirmed that for the ten consecutive business days from September 26 through October 9, 2024, the closing bid price of the Company’s Class A ordinary shares has remained at $1.00 per share or greater. Consequently, FangDD has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed.

About FangDD

Fangdd Network Group Ltd. (Nasdaq: DUO) is a customer-centric property technology company based in China. FangDD focuses on providing real estate transaction digitalization services. By leveraging mobile internet, cloud computing, big data, artificial intelligence, and other technologies, FangDD has revolutionized real estate transaction processes for its participants. FangDD offers a range of modular products and solutions powered by SaaS tools, products, and technology. For more information, please visit http://ir.fangdd.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

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