SHENZHEN, China, Sept. 30, 2025 — Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) announced today that it has reached an agreement to acquire specific artificial intelligence technology assets from a company based in the British Virgin Islands. This transaction aligns with the Company’s ongoing strategy to expand into technology-driven real estate management.
The asset purchase price is US$34.32 million. Furthermore, the seller is eligible for an earnout payment for each calendar year ending December 31, 2025, December 31, 2026, and December 31, 2027. This payment will be calculated as (a) the increase in the Company’s total revenue for the respective calendar year (2025, 2026, or 2027) compared to the previous calendar year, multiplied by (b) a ratio of 20%, 25%, and 30%, respectively. These earnout payments will be made through the issuance of the Company’s Class A ordinary shares, with the price per share determined by averaging the closing price of one (1) Company’s Class A ordinary share over the 30 consecutive trading days leading up to the payment date.
The Company has three months to secure funding for the purchase and finalize the transaction. Should the transaction not be completed by December 29, 2025, the Company reserves the right to terminate the agreement with written notice, without incurring any liability to the seller. The purchase agreement encompasses standard representations, warranties, and other provisions typical for transactions of this kind. The preceding summary of the agreement is subject to the complete text, which will be submitted to the U.S. Securities and Exchange Commission in a current report on Form 6-K.
About FangDD
Fangdd Network Group Ltd. (Nasdaq: DUO) is a Chinese property technology company focused on delivering real estate transaction digitalization services with a customer-centric approach. By leveraging mobile internet, cloud computing, big data, and artificial intelligence, FangDD has revolutionized real estate transactions through a suite of modular products and solutions powered by SaaS tools, products and technology. Additional details are available at http://ir.fangdd.com.
Safe Harbor Statement
This announcement includes forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terms 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 similar expressions, including their negative forms. Forward-looking statements include statements that are not historical facts, such as statements about the Company’s beliefs and expectations, and involve inherent risks and uncertainties. Actual results could differ materially from those projected in these statements due to various factors. The information provided in this press release is current as of its date and is based on assumptions the Company believes are reasonable. The Company undertakes no obligation to update these statements, except as required by law.
Investor Relations Contact
Ms. Linda Li
Director, Capital Markets Department
Phone: +86-0755-2699-8968
E-mail:
