FangDD Announces Further Updates on its Replacement Listing Plan

SHENZHEN, China, Sept. 4, 2024 (GLOBE NEWSWIRE) — Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced further updates on its plan for a replacement listing.

As previously announced on June 3 and July 31, 2024, the Company intends to terminate its existing American depositary receipts facility and list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC (“Nasdaq”) in replacement of the American depositary shares (the “ADSs”) (the “Substitution Listing”). The Company expects that, following the Substitution Listing becoming effective, its ADSs will no longer be listed on Nasdaq, while the Class A ordinary shares represented by the ADSs will trade on Nasdaq under the symbol “DUO”. The Company has appointed VStock Transfer, LLC as its United States transfer agent (the “US Transfer Agent”) for the Substitution Listing.