FangDD Announces Management and Board Changes

Rhea-AI Summary

Fangdd Network Group Ltd. announced the resignation of Ms. Li Xiao as a board member and Vice President, effective November 2, 2023. The resignation was for personal reasons and not due to any disagreement. The company expressed its appreciation for Ms. Xiao's service.

SHENZHEN, China, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced the resignation of Ms. Li Xiao as a member of the Company’s board of directors (the “Board”) and Vice President of the Company, effective November 2, 2023. Ms. Xiao’s resignation was for personal reasons and was not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Company would like to take this opportunity to express its appreciation to Ms. Xiao for her service to the Company in the past years.

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

FAQ

Why did Ms. Li Xiao resign from Fangdd Network Group Ltd.?

Ms. Li Xiao resigned for personal reasons.

When does Ms. Li Xiao's resignation take effect?

Ms. Li Xiao's resignation is effective from November 2, 2023.

Was there any disagreement between Ms. Li Xiao and Fangdd Network Group Ltd.?

No, the resignation was not due to any disagreement.

What position did Ms. Li Xiao hold in the company?

Ms. Li Xiao was a board member and Vice President of Fangdd Network Group Ltd.

Did Fangdd Network Group Ltd. express any appreciation for Ms. Li Xiao's service?

Yes, the company expressed its appreciation for Ms. Li Xiao's service.