![]() The prospectus supplement and accompanying prospectus contain important information relating to this offering. The securities may be offered only by means of a written prospectus and prospectus supplement that form a part of the registration statement. 333-267397) previously filed with the SEC on Septemand declared effective by the SEC on September 29, 2022. The securities described above will be offered by the Company pursuant to an effective “shelf” registration statement on Form F-3 (File No. Securities and Exchange Commission (the “SEC”). Additional information regarding this offering and the Purchase Agreement will be included in a current report on Form 6-K to be furnished by the Company to the U.S. FangDD intends to use the net proceeds for general corporate purposes. The gross proceeds from the offering are expected to be approximately US$8.0 million. ![]() The closing of the offering is expected to occur on or about July 19, 2023, subject to satisfaction of closing conditions. The Company has also agreed to issue to investors reset warrants that permit cashless exercise on the 45th trading day following the date of the Purchase Agreement (such 45 trading day period, the “Measurement Period”) into a number of ADSs equal to the difference between (i) the quotient obtained by dividing (a) such investor’s subscription amount by (b) the greater of (A) the average of the five lowest volume-weighted average prices of the ADSs during the Measurement Period and (B) US$0.20, and (ii) the number of ADSs issued to such investor at the closing and if applicable, on the 15th and 30th trading days during the Measurement Period. The regular warrants to be issued have an exercise price of US$0.77 per ADS, which is subject to downwards adjustment pursuant to the terms thereof, and will be immediately exercisable until five years following issuance. Maxim Group, LLC is acting as the sole placement agent in connection with this offering. ![]() (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs. A user-friendly dashboard provides streamlined access to company apps.SHENZHEN, China, J(GLOBE NEWSWIRE) - Fangdd Network Group Ltd. Provide users with single sign-on (SSO) for a consistently easy login experience. Get even more secure access, beyond what a VPN can provide, and verify the identities of users from wherever they choose to log in. You can set access levels based on role, device, location, and other relevant factors. Once access is granted, Duo enables your organization to see every device that is connected to your network and applications and easily monitor device health and compliance. Duo uses a second form of validation, such as a smartphone, to verify that a user is who they say they are before granting them access. When a user logs in-whether from their home office, the corporate office, or another remote location-Duo uses two-factor authentication and a zero-trust approach to security. ![]() It verifies user trust, establishes device trust, and provides secure access to company apps and networks-from wherever users are logging in. Duo multi-factor authentication protects your organization's data at every access attempt, from any device, and from any location. ![]()
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