FangDD Received Nasdaq Notification Regarding Minimum Bid Price Requirement

Core Points - Fangdd Network Group Ltd. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its Class A ordinary shares closed below US$1 for 30 consecutive business days from November 11 to December 23, 2024 [1][2] - The company has been granted a compliance period of 180 calendar days until June 23, 2025, to regain compliance by maintaining a closing bid price of at least US$1 for a minimum of ten consecutive business days [2] - If compliance is not regained within the initial 180 days, the company may be eligible for an additional 180-day compliance period, provided it meets other listing requirements [2] - The notification does not currently affect the listing or trading of the company's shares on Nasdaq, and the company is monitoring its share price and considering options to address the deficiency [3] Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [4] - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through a suite of modular products and SaaS tools [4]