FangDD is Powered by AI System With US$34.32 Million Assets Acquisition

Core Viewpoint - Fangdd Network Group Ltd. has announced an agreement to purchase artificial intelligence technology assets for US$34,320,000 as part of its strategy to enhance technology-enabled real estate management [1][2]. Group 1: Transaction Details - The purchase price for the assets is US$34,320,000 [2]. - The seller is entitled to earnout payments based on the increase in total revenue for the years 2025, 2026, and 2027, with ratios of 20%, 25%, and 30% respectively [2]. - The earnout payments will be made through the issuance of Class A ordinary shares at a price based on the average closing price over the preceding 30 trading days [2]. Group 2: Timeline and Conditions - The company has three months to raise funds and complete the transaction, with a deadline of December 29, 2025 [3]. - If the transaction does not close by the deadline, the company may terminate the agreement without liability [3]. - The purchase agreement includes customary representations, warranties, and provisions for such transactions [3]. Group 3: Company Overview - Fangdd Network Group Ltd. is a property technology company in China focused on digitalizing real estate transactions [4]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to transform real estate transaction processes through SaaS tools and solutions [4].