Fangdd Network announces 16-for-1 share consolidation

Fangdd Network (DUO) Group announced that its share consolidation, involving the consolidation of every 16 ordinary shares with a par value of $0.0005625 per share, into 1 ordinary share with a par value of $0.009 per share, will take effect at 8:00 a.m. Eastern Time on June 9, 2025. The Company’s Class A ordinary shares will open for trading on Nasdaq on June 9, 2025, on a post-split basis, under the existing ticker symbol “DUO,” with a new CUSIP number of G33147128. The Share Consolidation was approved by the Company’s board of directors and is intended to bring the Company into compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1). At the Company’s extraordinary general meeting held on May 27, 2025, the shareholders approved the Share Consolidation, along with resolutions to increase the authorized share capital and to amend the memorandum and articles of association, both of which became effective immediately following the Share Consolidation. The Company had 62,472,674 issued and outstanding ordinary shares immediately prior to the Share Consolidation, which were consolidated into 3,904,565 shares as a result.