Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 11 2024 - 4:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2024
Commission file number: 001-39109
Fangdd
Network Group Ltd.
Room 1501, Shangmei Technology Building
No. 15 Dachong Road
Nanshan District, Shenzhen, 518072
People’s Republic of China
Phone: +86 755 2699 8968
(Address and Telephone Number of Principal Executive
Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Fangdd Network Group Ltd. |
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By: |
/s/ Xi Zeng |
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Name: |
Xi Zeng |
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Title: |
Chief Executive Officer and
Chairman of the Board of Directors |
Date: October 11, 2024
2
Exhibit 99.1
FangDD
Regains Compliance with Nasdaq Minimum Bid Price Requirement
SHENZHEN,
China, October 11, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (“FangDD” or the “Company”) (Nasdaq: DUO)
today announced that the Company received a notification letter (the “Compliance Notice”) from the Nasdaq Stock Market LLC
(“Nasdaq”), dated October 10, 2024, indicating that the Company regained compliance with the minimum bid price requirement
set forth under the Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
As
previously announced, the Company was notified by Nasdaq on December 13, 2023 that the Company was not in compliance with the Minimum
Bid Price Requirement as the bid price of the Company’s American depositary shares (“ADSs”) previously representing
the Company’s Class A ordinary shares closed below US$1.00 per share for 30 consecutive business days. In its Compliance Notice,
Nasdaq has confirmed that for the ten consecutive business days, from September 26 through October 9, 2024, the closing bid price of
the Company’s Class A ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance
with the Nasdaq Listing Rule 5550(a)(2), and the matter is closed.
About
FangDD
Fangdd
Network Group Ltd. (Nasdaq: DUO) is a customer-oriented property technology company in China, focusing on providing real estate transaction
digitalization services. Through innovative use of mobile internet, cloud, big data, artificial intelligence, among others, FangDD has
fundamentally revolutionized the way real estate transaction participants conduct their business through a suite of modular products
and solutions powered by SaaS tools, products and technology. For more information, please visit http://ir.fangdd.com.
Safe
Harbor Statement
This
announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,”
“anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,”
“intend,” “ought to,” “plan,” “project,” “potential,” “seek,”
“may,” “might,” “can,” “could,” “will,” “would,” “shall,”
“should,” “is likely to” and the negative form of these words and other similar expressions. Among other things,
statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ
materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of
this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake
any obligation to update any forward-looking statement, except as required under applicable law.
Investor
Relations Contact
Ms.
Linda Li
Director,
Capital Markets Department
Phone:
+86-0755-2699-8968
E-mail:
ir@fangdd.com
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