Fangdd Network Group Ltd. Reports Share Consolidation
Ticker: DUO · Form: 6-K · Filed: Sep 30, 2024 · CIK: 1750593
Sentiment: neutral
Topics: share-consolidation, corporate-action, filing
TL;DR
Fangdd Network Group Ltd. did a 5625-for-1 share consolidation on Aug 12, 2024.
AI Summary
Fangdd Network Group Ltd. filed a Form 6-K on September 30, 2024, to report its activities for the month of September 2024. The filing includes an explanatory note regarding a share consolidation implemented on August 12, 2024, where every 5,625 ordinary shares were consolidated into one ordinary share.
Why It Matters
This share consolidation could impact the stock's trading price and per-share metrics, potentially affecting investor perception and trading volume.
Risk Assessment
Risk Level: low — The filing is a routine report of a corporate action (share consolidation) and does not contain new financial performance data or significant operational changes.
Key Numbers
- 5,625 — Share Consolidation Ratio (Every 5,625 ordinary shares were consolidated into one.)
Key Players & Entities
- Fangdd Network Group Ltd. (company) — Filer of the report
- August 12, 2024 (date) — Date of share consolidation implementation
- 5,625 (dollar_amount) — Ratio of share consolidation
FAQ
What is the purpose of the share consolidation implemented by Fangdd Network Group Ltd. on August 12, 2024?
The filing does not explicitly state the purpose of the share consolidation, only that it was implemented.
What was the par value of the ordinary shares before and after the consolidation?
Before consolidation, the par value was US$0.0000001 per share, and after consolidation, it became US$0.0005625 per share.
What is the filing date of this Form 6-K?
This Form 6-K was filed on September 30, 2024.
Does Fangdd Network Group Ltd. file annual reports under Form 20-F or Form 40-F?
Fangdd Network Group Ltd. indicated that it files annual reports under Form 20-F.
What is the principal executive office address of Fangdd Network Group Ltd.?
The principal executive offices are located at Room 1501, Shangmei Technology Building, No. 15 Dachong Road, Nanshan District, Shenzhen, 518072, People's Republic of China.
Filing Stats: 426 words · 2 min read · ~1 pages · Grade level 11 · Accepted 2024-09-30 07:19:32
Key Financial Figures
- $0.0000001 — 5,625 ordinary shares of a par value US$0.0000001 per share of the Company into one ordin
- $0.0005625 — nto one ordinary share of a par value US$0.0005625 per share (the “Share Consolidati
Filing Documents
- ea0216029-6k_fangdd.htm (6-K) — 14KB
- ea021602901ex99-1_fangdd.htm (EX-99.1) — 249KB
- ea021602901ex99-2_fangdd.htm (EX-99.2) — 88KB
- 0001213900-24-082934.txt ( ) — 352KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission file number: 001-39109 Fangdd Network Group Ltd. Room 1501, Shangmei Technology Building No. 15 Dachong Road Nanshan District, Shenzhen, 518072 People’s Republic of China Phone: +86 755 2699 8968 (Address and Telephone Number of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F EXPLANATORY NOTE On August 12, 2024, Fangdd Network Group Ltd. (the “Company”) implemented a share consolidation to consolidate each 5,625 ordinary shares of a par value US$0.0000001 per share of the Company into one ordinary share of a par value US$0.0005625 per share (the “Share Consolidation”). Concurrently, the Company adopted its sixth amended and restated memorandum and articles of association attached hereto as Exhibit 99.1 (the “Sixth MAA”). The Share Consolidation, the Sixth MAA and other related matters were previously approved by the Company’s shareholders at an extraordinary general meeting held on July 11, 2024. Detailed information regarding these resolutions and the implementation of the Share Consolidation can be found in the Company’s current reports on Form 6-K furnished to the Securities and Exchange Commission on July 11 and July 31, 2024. A description of share capital summarizing the material terms of the Company’s share capital as of the effective date of the Sixth MAA is set forth as Exhibit 99.2 attached hereto. This summary is not a complete description of the terms of the Company’s share capital and is qualified by reference to the Company’s Sixth MAA. This current report on Form 6-K is hereby incorporated by reference into the registration statement of Fangdd Network Group Ltd. on Form F-3 (No. 333-267397) and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Sixth Amended and Restated Memorandum and Articles of Association of Fangdd Network Group Ltd. 99.2 Description of Share Capital 2 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Fangdd Network Group Ltd. By: /s/ Xi Zeng Name: Xi Zeng Title: Chief Executive Officer and Chairman of the Board of Directors Date: September 30, 2024 3