FangDD Announces Termination Plan for Its ADR Facility, and the Plan to Hold an Extraordinary General Meeting of Shareholders

Core Points - Fangdd Network Group Ltd. intends to terminate its Deposit Agreement with The Bank of New York Mellon, leading to the expected termination of its American depositary receipts (ADR) facility on September 4, 2024 [1][2] - Following the termination, Fangdd plans to list its Class A ordinary shares on Nasdaq, replacing its ADSs, with the new trading symbol remaining "DUO" [2][3] - An extraordinary general meeting (EGM) will be held on July 11, 2024, to consider proposed resolutions related to the termination of the ADR facility [4][5] Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on digitalizing real estate transactions through innovative technologies such as mobile internet, cloud computing, big data, and artificial intelligence [6]