FangDD Announces Board and Management Changes
August 31 2022 - 8:17AM
Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the
“Company”), a leading property technology company in China, today
announced a few changes of the Company’s board of directors (the
“Board”), Audit Committee and management.
- The Board has
appointed Mr. Senlin Peng as a director of the Company and a member
of the Audit Committee, to succeed Mr. Ronald Cao, who has resigned
from these positions for personal reasons.
- Ms. Jiaorong
Pan has stepped down as the Company’s Chief Financial Officer and
assumed the role of the Chief Operating Officer of the Company,
responsible for the corporate governance and execution of business
strategies, plans and procedures, among other things.
- Mr. Shuiying
Chen has been appointed as the Company’s financial controller in
charge of financial and accounting matters as the Company’s
principal financial and accounting officer.
- Mr. Jiancheng
Li has resigned as the Company’s Chief Technology Officer.
Mr. Senlin Peng has rich operational and
financial experience. Since he joined ColorLife Group in 2000, a
renowned children furniture manufacturer in China, Mr. Peng has
served multiple positions, including a member of the company’s
board of directors since 2011, the Chief Executive Officer of the
company from 2005 to 2010 in charge of overall business operations,
and a Vice President from 2000 to 2004 in charge of financial and
operational divisions. In addition, Mr. Peng holds several
directorships. Since 2018, Mr. Peng has served as the chairman of
the board of directors of Morgan-Casa Furniture Co., Ltd., a high
growth furniture designer and manufacturer in China, and since
2014, Mr. Peng has served as a director at Shenzhen Forbest
Photoelectric Technology Co., Ltd., a leading Chinese optical
product manufacturer. Mr. Peng graduated from Jimei University
(formerly known as Jimei Finance College) in 1992 and received an
MBA degree from China Europe International Business School in 2007.
The Board has determined that Mr. Peng satisfies the independence
requirements of Rule 5605(c)(2) of the Listing Rules of the Nasdaq
Stock Market and Rule 10A-3 under the Securities Exchange Act of
1934, as amended.
Mr. Shuiying Chen joined FangDD in 2019. Before
he was appointed as the Company’s financial controller, Mr. Chen
had previously held a variety of financial management positions
with the Company, including the Company’s financial executive
manager, financial deputy manager and financial director. In these
roles, Mr. Chen was responsible for the Company’s financial
reporting, planning and budgeting, financial compliance and
internal controls. Prior to joining FangDD, Mr. Chen worked at
Shenzhen Fantasia Cultural Tourism Management Co., Ltd. as the
financial manager from 2017 to 2019, at Country Garden Group as a
listing reporting and financial analysis manager from 2016 to 2017,
and at China Southern Airlines as a financial analyst from 2009 to
2016. Mr. Chen holds a bachelor’s degree in management from Jinan
University in 2009.
These Board, Audit Committee and management
changes became effective on August 30, 2022.
“Since joining our Board over eight years ago,
Mr. Cao has consistently made impactful contributions to FangDD and
has provided expert guidance to our company. On behalf of my fellow
Board members and management team, I would like to thank Mr. Cao
for his dedicated service to the company,” Mr. Xi Zeng, Chairman of
the Board and Chief Executive Officer of FangDD, commented. “We are
pleased to be welcoming Mr. Peng to join our Board and Audit
Committee, and we look forward to working closely together to drive
the performance of our business.”
“The renewed
leadership and senior management team will bring a great breadth of
perspectives, which will be instrumental in helping us successfully
navigate the complex while volatile environment of the real estate
industry,” said Mr. Xi Zeng. “I am confident that these changes
will improve FangDD’s core decision-making skills and accelerate
the execution of our strategic priorities.”
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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