Fangdd Announces Management and Board Changes
May 18 2022 - 10:10AM
Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the
Company”), a leading property technology company in China, today
announced that Mr. Yi Duan has resigned as the Chairman of the of
the Board of Directors, Co-Chief Executive Officer, a member of the
Compensation Committee and a member of the Nominating and Corporate
Governance Committee for personal reasons. Mr. Duan will continue
to serve as a director of the Company. Mr. Xi Zeng, the Company’s
director and Chief Executive Officer, has been appointed to serve
as the Chairman of the Board of Directors, a member of the
Compensation Committee and a member of the Nominating and Corporate
Governance Committee. These changes became effective today.
Mr. Xi Zeng, Chief Executive Officer of FangDD,
commented, “Together with Mr. Duan, we have established a leading
real estate-focused online marketplace in China. On behalf of
FangDD and the Board, I would like to thank Mr. Yi Duan for his
invaluable contributions and dedication to the Company. Together
with the leadership team, I will further build on that and lead the
company to navigate the changing markets.”
About FangDD
Fangdd Network Group Ltd. (Nasdaq: DUO) is a
leading property technology company in China, operating one of the
largest online real estate marketplaces in the country. 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 LiDirector, Capital Markets DepartmentPhone:
+86-0755-2699-8968E-mail: ir@fangdd.com
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