Fangdd Network Group Ltd. Issues New Shares

TL;DR

Fangdd issued new shares to ZX INTERNATIONAL LTD on Dec 12, 2024.

AI Summary

On December 12, 2024, Fangdd Network Group Ltd. entered into a share subscription agreement with ZX INTERNATIONAL LTD, a British Virgin Islands company controlled by Mr. Xi. This agreement involves the issuance of additional Class C ordinary shares by Fangdd Network Group Ltd.

Why It Matters

The issuance of new shares can impact the company's ownership structure and potentially dilute existing shareholders' stakes.

Risk Assessment

Risk Level: medium — Share issuances can lead to dilution for existing shareholders and signal potential capital needs or strategic shifts.

Key Players & Entities

• Fangdd Network Group Ltd. (company) — Issuer of shares
• ZX INTERNATIONAL LTD (company) — Subscriber of shares
• Mr. Xi (person) — Controller of the subscriber company
• December 12, 2024 (date) — Date of the share subscription agreement

FAQ

Key Financial Figures

• $0.0005625 — Class C ordinary shares of par value US$0.0005625 each (the “Class C Ordinary Share
• $0.88 — e Subscriber, at a per share price of US$0.88. The Company issued the additional Cl
• $7.0 million — ng the closing of the Company’s US$7.0 million registered direct offering that was ann

Filing Documents

• ea0224439-6k_fangdd.htm (6-K) — 13KB
• ea022443901ex99-1_fangdd.htm (EX-99.1) — 31KB
• 0001213900-24-108052.txt ( ) — 45KB

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 December 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 FANGDD ISSUED ADDITIONAL CLASS C ORDINARY SHARES On December 12, 2024, Fangdd Network Group Ltd. (the “Company”) entered into a share subscription agreement (the “Subscription Agreement”) with ZX INTERNATIONAL LTD (the “Subscriber”), a British Virgin Islands company controlled by Mr. Xi Zeng, the chairman of the board of directors (the “Board”) and the chief executive officer of the Company. Pursuant to the Subscription Agreement, the Company issued 10,000 Class C ordinary shares of par value US$0.0005625 each (the “Class C Ordinary Shares”) to the Subscriber, at a per share price of US$0.88. The Company issued the additional Class C Ordinary Shares to the Subscriber for the purpose of maintaining a stable corporate structure following the closing of the Company’s US$7.0 million registered direct offering that was announced on December 9, 2024. Following the issuance of 10,000 Class C Ordinary Shares to the Subscriber, Mr. Zeng controls 80.7% of the Company’s voting power. The foregoing description of the Subscription Agreement is qualified in its entirety by reference to the full text of such agreement furnished as Exhibit 99.1 to this Form 6-K and incorporated by reference herein. The issuance of Class C Ordinary Shares in accordance with the Subscription Agreement is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(2) of the Securities Act regarding transactions not involving a public offering and is made in reliance on, and in compliance with, Regulation S under the Securities Act. INCORPORATION BY REFERENCE This report on Form 6-K, including Exhibit 99.1 hereto, is hereby incorporated by reference into the registration statement of Fangdd Network Group Ltd. on Form F-3 (No. 333-267397) to the extent not superseded by documents or reports subsequently filed. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Share Subscription Agreement, dated December 12, 2024, between Fangdd Network Group Ltd. and ZX INTERNATIONAL LTD 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: December 12, 2024 3

View Full Filing

View this 6-K filing on SEC EDGAR