FangDD Announces US$2.5 Million Registered Direct Offering of Class A Ordinary Shares

Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance of 1,612,902 Class A ordinary shares at a price of US$1.55 per share, aiming to raise funds for general corporate purposes [1]. Group 1: Securities Offering - The offering is expected to close on or about October 2, 2024, subject to customary closing conditions [1]. - The company has engaged MM Global Securities, Inc. as its exclusive placement agent for this offering [2]. - The securities will be offered under an effective "shelf" registration statement previously filed with the SEC [3]. Group 2: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through SaaS tools and solutions [5].