Fangdd announces us$34,320,000 convertible note issuance in connection with asset acquisition and proposed issuance of class c ordinary shares

Shenzhen, china, oct. 24, 2025 (globe newswire) -- fangdd network group ltd. (nasdaq: duo) (“fangdd” or the “company”), a customer-oriented property technology company in china, today announced that it has entered into a convertible note purchase agreement (the “purchase agreement”), pursuant to which the company will issue a convertible promissory note (the “note”) in a principal amount of us$34,320,000 to an investor through private placement.
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