SHENZHEN, China, June 25, 2025 — Fangdd Network Group Ltd. (NASDAQ: DUO) (“DUO” or the “Company”) announced today that it received confirmation from Nasdaq on June 24, 2025, that it has met the minimum bid price requirement for continued listing, as outlined in Nasdaq Listing Rule 5550(a)(2).
The company had previously received a notice from Nasdaq on December 24, 2024, stating that it was not compliant with the $1.00 minimum bid price per share for 30 consecutive business days, as per Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5810(c)(3)(A) specifies that failure to meet this requirement for 30 consecutive business days constitutes a deficiency. The company was given 180 calendar days, until June 23, 2025, to regain compliance, which it successfully achieved on June 23, 2025.
About Fangdd Network Group Ltd.
Fangdd Network Group Ltd. (Nasdaq: DUO) is a China-based, customer-centric property technology company focused on digitalizing real estate transactions. Fangdd leverages mobile internet, cloud computing, big data, and artificial intelligence to transform how real estate professionals conduct business. It offers a range of modular products and solutions powered by SaaS tools and technology. More details can be found at http://ir.fangdd.com.
Safe Harbor Statement
This announcement includes forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are identifiable by terms like “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 similar expressions, including their negative forms. These forward-looking statements, including those regarding the Company’s beliefs and expectations, involve risks and uncertainties that could cause actual results to differ materially. The information in this press release is current as of its date and based on assumptions considered reasonable by the Company. The Company undertakes no obligation to update these statements unless required by law.
Investor Relations Contact
Ms. Linda Li
Director, Capital Markets Department
Phone: +86-0755-2699-8968
E-mail: ir@fangdd.com