Core Viewpoint - Fangdd Network Group Ltd. has announced a convertible note purchase agreement to issue a convertible promissory note worth US$34,320,000 to an investor through private placement [1][2]. Group 1: Convertible Note Details - The convertible promissory note will mature in 364 days and will not bear interest [3]. - The note can be converted into Class A ordinary shares at a conversion price of US$1.0409, either at the option of the note holder or automatically on the maturity date [3]. - The note will be an unsecured general obligation of the company [3]. Group 2: Asset Purchase Agreement - The issuance of the note is to satisfy payment obligations under an asset purchase agreement dated September 29, 2025 [2]. - Detailed information regarding the asset purchase agreement is available in the company's current report on Form 6-K filed with the SEC [2]. Group 3: Share Subscription Agreement - To maintain a stable corporate structure post-conversion, the company has entered into a share subscription agreement with ZX INTERNATIONAL LTD, controlled by the chairman and CEO [4]. - The company may sell and issue up to 12,731 Class C ordinary shares to ZX INTERNATIONAL LTD upon receiving a conversion notice from the note holder [4]. - The purchase price for the Class C shares will be based on the average closing price of Class A ordinary shares for the 15 trading days prior to the closing notice date [4]. Group 4: Regulatory Compliance - The sale and issuance of the note and the Class A ordinary shares upon conversion are exempt from registration under the Securities Act of 1933, relying on Section 4(2) and compliance with Regulation D and/or Regulation S [5]. Group 5: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [6]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through a suite of SaaS tools and solutions [6].

Core Viewpoint - The Nasdaq China Golden Dragon Index experienced a significant decline of 2.69%, with major Chinese concept stocks also falling, attributed to escalating Sino-U.S. trade tensions [1] Market Performance - Major Chinese concept stocks such as 房多多 (DUO.US) fell over 5%, while 阿里巴巴 (BABA.US), 小鹏汽车 (XPEV.US), and 理想汽车 (LI.US) dropped more than 3%, and 好未来 (TAL.US) decreased over 2% [1] - The Hang Seng Index declined by 1.73%, and the Shanghai Composite Index fell by 0.62% [1] Analysis and Outlook - Analysts from 东方证券 noted that the impact of the current trade war is somewhat weaker than expected, but there remains potential for fluctuations in the future [1] - The outlook suggests that while the upward recovery may be delayed, the overall upward trend in the market is unlikely to change [1]

SHENZHEN, China, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced that it had entered into an agreement to purchase certain assets relating to artificial intelligence technology from a British Virgin Islands company. The transaction is part of the Company’s continuous strategy to expand into technology-enabled real estate management. The purchase price for the assets is US$34,320,000. Additionally, the seller is entitled to receive an ear ...

Exhibit 99.1 FANGDD NETWORK GROUP LTD. INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | CONTENTS | PAGE(S) | | --- | --- | | UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND | | | JUNE 30, 2025 | F-2 – F-3 | | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | | | COMPREHENSIVE INCOME/(LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 | F-4 | | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' | ...

Group 1 - The top five gaining Chinese concept stocks at the close were: Raytheon Electronics up 35.57%, Fangdd up 22.53%, Bit Origin up 18.83%, Youxin Technology up 14.05%, and Yingxi Group up 13.78% [1] - Raytheon Electronics (RAYA) closed at 0.0606 with a gain of 35.57%, translating to an increase of 0.0159 and a trading volume of 6.5167 million [1] - Fangdd (DUO) closed at 3.970 with a gain of 22.53%, translating to an increase of 0.730 and a trading volume of 11.8321 million [1] Group 2 - Bit Origin (BTOG) closed at 0.4600 with a gain of 18.83%, translating to an increase of 0.0729 and a trading volume of 4.5705 million [1] - Youxin Technology (YAAS) closed at 0.0755 with a gain of 14.05%, translating to an increase of 0.0093 and a trading volume of 6.0798 million [1] - Yingxi Group (ATXG) closed at 0.7167 with a gain of 13.78%, translating to an increase of 0.0868 and a trading volume of 0.6795 million [1]

Core Viewpoint - The stock of Fangdd Network Group Ltd. (DUO.US) surged by 13% to $3.47 following the release of housing price data by the National Bureau of Statistics on September 15, indicating a potential positive sentiment in the real estate market [1]. Group 1: Housing Price Trends - In August, new residential sales prices in first-tier cities decreased by 0.1% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [1]. - Second-tier cities experienced a month-on-month decrease of 0.3% in new residential sales prices, also showing a narrowing decline of 0.1 percentage points [1]. - Third-tier cities saw a month-on-month decline of 0.4% in new residential sales prices, with the decline expanding by 0.1 percentage points [1].

Core Viewpoint - 房多多 (DUO.US) experienced a significant increase of 13%, closing at $3.47, following the release of housing price data by the National Bureau of Statistics on September 15 [1] Group 1: Housing Market Data - In August, new residential property prices in first-tier cities decreased by 0.1% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [1] - In second-tier cities, new residential property prices fell by 0.3% month-on-month, with the decline also narrowing by 0.1 percentage points [1] - In third-tier cities, new residential property prices decreased by 0.4% month-on-month, with the decline expanding by 0.1 percentage points [1]

Core Viewpoint - The article highlights significant movements in the Hong Kong and US stock markets, focusing on specific companies and their recent performance, driven by various strategic announcements and market conditions. Hong Kong Stock Market Summary - China General Nuclear Power Corporation (01164) rose over 6% following US Energy Secretary Chris Wright's suggestion to consider expanding strategic uranium reserves, indicating potential upward price adjustments for uranium [1] - Yunfeng Financial (00376) fell over 18% after announcing a rights issue at a discount of approximately 16.8%, aiming to raise about HKD 1.15 billion [1] - GCL-Poly Energy Holdings (03800) increased over 2% as it plans a rights issue at a discount of about 8.73%, targeting net proceeds of HKD 5.392 billion for structural adjustments in polysilicon production [1] - Lion Group Holding (02562) surged over 6% after signing a letter of intent to acquire a leading AI and blockchain company, expanding its digital finance footprint [1] - Pharmaron Beijing Co., Ltd. (02617) skyrocketed over 53% after being included in the Hong Kong Stock Connect list, with a cumulative increase of nearly 10 times since its inclusion, and northbound investors adding over HKD 300 million in two days [1] - Anta Sports Products (02020) rose over 2% as retail sales of sports goods showed rapid growth in the first eight months, indicating marginal improvement in sales [1] - SF Technology (09699) increased over 5% after launching its "SoFast" brand in Macau, marking a significant step in its overseas business expansion [1] - Shanghai Fudan (01385) rose over 6% as Morgan Stanley reported the company is well-prepared for supply chain disruptions, with limited demand impact expected [2] - Tianyue Advanced (02631) increased over 1% after being included in the Hong Kong Stock Connect, with silicon carbide expected to see new market growth [2] - Valiant Co., Ltd. (09887) rose over 10% after announcing the completion of the first patient dosing in a trial for its core product LBL-024 for melanoma [2] US Stock Market Summary - Tesla (TSLA.US) rose 3.56% as the head of its German factory announced an increase in production plans for Q3 and Q4 due to strong sales data [3] - NVIDIA (NVDA.US) fell 0.04% as it faces further investigation for violating antitrust laws [3] - Hesai Technology (HSAI.US) increased 4.31% after announcing a partnership with a leading US Robotaxi company, securing over USD 40 million in lidar orders [3] - XPeng Motors (XPEV.US) rose 2.20% after formalizing a deep cooperation with Magna Steyr in Austria, marking the start of local production in Europe [3] - NIO (NIO.US) increased 4.34% as it announced the NIO Day 2025 event, scheduled for September 20, where the new ES8 will be launched [3] - Apple (AAPL.US) rose 1.12% as Morgan Stanley reported that demand for the iPhone 17 series exceeded that of the previous year's iPhone 16 series during its first week of launch [4] - Fangdd Network Group (DUO.US) fell 9.17% following the National Bureau of Statistics' report indicating a decline in residential property prices in August [3] - Alibaba (BABA.US) rose 1.92% ahead of the 2025 Cloud Summit scheduled for September 24-26 in Hangzhou [4] - ASML Holding (ASML.US) increased 6.56% after announcing a EUR 1.3 billion investment in French AI startup Mistral AI, becoming its largest shareholder [4] - Bilibili (BILI.US) rose 6.40% as it announced the upcoming public test of its new strategy card game, "Three Kingdoms: Hundred Generals Card" [4] - Oracle (ORCL.US) increased 3.41% as management disclosed that its cloud infrastructure revenue is set to experience steep growth [4]

Core Viewpoint - 房多多 (DUO.US) experienced a pre-market decline of 3.25%, trading at $3.27, influenced by the latest housing price data released by the National Bureau of Statistics [1] Group 1: Housing Price Trends - In August, new residential sales prices in first-tier cities decreased by 0.1% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [1] - Second-tier cities saw a month-on-month decrease of 0.3% in new residential sales prices, with the decline also narrowing by 0.1 percentage points [1] - Third-tier cities experienced a month-on-month decline of 0.4% in new residential sales prices, with the decline expanding by 0.1 percentage points [1] Group 2: Second-hand Housing Prices - In August, second-hand residential sales prices in first-tier cities decreased by 1.0% month-on-month, with the decline remaining consistent with the previous month [1] - Second-tier cities recorded a month-on-month decrease of 0.6% in second-hand residential sales prices, with the decline expanding by 0.1 percentage points [1] - Third-tier cities saw a month-on-month decline of 0.5% in second-hand residential sales prices, with the decline remaining unchanged from the previous month [1]

Market Overview - The three major U.S. stock indices closed lower, with the Dow Jones down 0.48%, S&P 500 down 0.32%, and Nasdaq Composite down 0.03% [1] - Weekly performance showed the Dow down 0.32%, S&P up 0.33%, and Nasdaq up 1.14% [1] Sector Performance - Chip stocks mostly rose, with Broadcom up over 9% and Micron Technology up over 5% [1] - Notable declines included Nvidia down 2.70%, Microsoft down 2.55%, Amazon down 1.42%, and Apple down 0.04% [1] - Meta Platforms rose 0.51%, Google A increased by 1.16% reaching a new closing high, and Tesla rose 3.64% [1] - AMD fell 6.58%, Eli Lilly down 2.11%, and Berkshire Hathaway B shares down 1.41% [1] - TSMC ADR rose 3.49% [1] Chinese Stocks - The Nasdaq China Golden Dragon Index rose 1.16%, closing at 7942.23 points, with a weekly increase of 0.38% [1] - Notable gains included Fangdd up 32%, Baidu, Alibaba, and TSMC each up over 3%, and JD.com up 1.5% [1] - Other stocks like NetEase, Pinduoduo, and Yum China saw increases of up to 0.8%, while New Oriental fell 0.1%, Li Auto down 1.3%, and NIO down 3% [1]