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].

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 ...

Core Viewpoint - Fangdd Network Group Ltd. reported a significant increase in revenue and closed-loop GMV for the first half of 2025, driven by supportive government policies and improved market conditions in China's real estate sector [1][3][4]. Financial Highlights - Revenue for the six months ended June 30, 2025, increased by 45.3% to RMB203.4 million (US$28.4 million) from RMB140.0 million for the same period in 2024 [4]. - Total closed-loop GMV facilitated on the Company's platform increased by 27.3% to RMB8.0 billion (US$1.1 billion) compared to RMB6.2 billion for the same period in 2024 [3]. Operating Highlights - The growth in closed-loop GMV was attributed to supportive government policies, improving market conditions, and the Company's focus on core projects and partnerships with reputable developers [3]. - The sales area of new property in China decreased by 3.5% year-over-year, while sales revenue dropped by 5.5% year-over-year, indicating a gradual stabilization in the market [3]. Cost and Profitability - Cost of revenue increased by 51.0% to RMB184.9 million (US$25.8 million) due to higher commission fees paid to agents [5]. - Gross profit increased by 5.7% to RMB18.5 million (US$2.6 million), but gross margin decreased to 9.1% from 12.5% due to lower contributions from higher-margin services [6]. Net Income and Loss - The Company reported a net loss of RMB39.2 million (US$5.5 million) for the first half of 2025, compared to a net income of RMB16.4 million for the same period in 2024 [9]. - Basic and diluted net loss per share were RMB12.7 (US$1.8) and RMB9.7 (US$1.4), respectively [10]. Liquidity - As of June 30, 2025, the Company had cash and cash equivalents, restricted cash, and short-term investments totaling RMB188.1 million (US$26.3 million) [11].

Core Points - Fangdd Network Group Ltd. has regained compliance with Nasdaq's minimum closing bid price requirement as of June 24, 2025 [1][2] - The company had previously received a notice on December 24, 2024, indicating non-compliance due to a closing bid price below $1.00 for 30 consecutive business days [2] - The company successfully met the compliance requirement by June 23, 2025, within the 180-day period allowed by Nasdaq [2] Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [3] - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through SaaS tools and modular products [3]

Core Viewpoint - Fangdd Network Group Ltd. announced a share consolidation to comply with Nasdaq's minimum bid price requirement, effective June 9, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation will convert every 16 ordinary shares with a par value of US$0.0005625 into 1 ordinary share with a par value of US$0.009 [1]. - The consolidation was approved by the board of directors and shareholders during an extraordinary general meeting on May 27, 2025 [2]. - Prior to the consolidation, the company had 62,472,674 issued and outstanding ordinary shares, which will be reduced to 3,904,565 shares post-consolidation [2]. Group 2: Impact on Shareholders - The share consolidation will not affect shareholders' percentage ownership in the company, aside from minor adjustments for fractional shares [3]. Group 3: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [4]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to transform real estate transactions through SaaS tools and solutions [4].

Core Viewpoint - Fangdd Network Group Ltd. has filed its annual report for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission, highlighting its commitment to transparency and shareholder communication [1]. Company Overview - Fangdd Network Group Ltd. is a customer-oriented property technology company in China, focusing on real estate transaction digitalization services [2]. - The company utilizes mobile internet, cloud computing, big data, and artificial intelligence to transform real estate transactions through a suite of modular SaaS products and solutions [2].