FangDD Announces Board and Committee Changes
November 11 2022 - 8:00AM
Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the
“Company”), a leading property technology company in China, today
announced that the Company’s board of directors (the “Board”) has
appointed Mr. Zhen Xie as (i) a director of the Company, (ii) the
chairman of the Nominating and Corporate Governance Committee,
(iii) a member of the Compensation Committee, and (iv) a member of
the Audit Committee, to succeed Mr. Weiru Chen, who has resigned
from these positions for personal reasons. These Board and
committee changes became effective today.
Mr. Zhen Xie is the founder and currently the
chief executive officer of Shanghai MaiQin Information Technology
Co., Ltd. (“MaiTao”), a family-tour platform focusing on children
extracurricular activities and traveling experience. Prior to
founding MaiTao in 2014, Mr. Xie worked at eLong Inc., a leading
Chinese mobile and online travel agency, as the chief operation
officer from 2011 to 2014 and as a vice president of business
development from 2008 to 2011. Previously, Mr. Xie served as a
sales director at FedEx Kinko’s from 2004 to 2007, a wealth
management manager at Citibank (China) Co., Ltd. from 2002 to 2004,
and a regional manager at Procter & Gamble (China) Ltd., a
Chinese subsidiary of The Procter & Gamble Company from 1997 to
2000. Mr. Xie received a bachelor’s degree in economy from Nanjing
University International Business School in 1997 and an MBA degree
from China Europe International Business School in 2001.
The Board has determined that Mr. Xie 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.
“On behalf of the Board, I would like to thank
Mr. Chen for his insights and contributions to FangDD and wish him
all the best in his future endeavors,” said Mr. Xi Zeng, the
Chairman of the Board and the Chief Executive Officer of FangDD. “I
would also like to warmly welcome Mr. Xie to the Board. We believe
Mr. Xie’s range of skills and rich knowledge of business operations
will add significant value to the Board and enhance the overall
governance and management of FangDD.”
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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