DUO.US ADR Termination

FANGDD NETWORK GROUP LTD SPON ADS (DUO.US) has informed the Depositary that it intends to list its ordinary shares underlying the ADSs (the Shares) directly on the Nasdaq Stock Market (Nasdaq), to be effective on or about 04/09/2024, and to suspend trading of the ADSs on Nasdaq on or before that date.

Accordingly, you are hereby further notified that the Company and the Depositary have agreed that if the direct listing of the Shares occurs, the Depositary will call for surrender of all ADSs to be exchanged on a mandatory basis into Shares, which will be listed on Nasdaq. If you do not wish to receive Shares in exchange for your ADSs, you should arrange to sell your ADSs before trading of ADSs is suspended on the Nasdaq Stock Market, which is expected to occur after the close of trading on Tuesday, 03/09/2024.

Participants can view the notice and obtain more information via BNY Mellon-s ADR website.

ADR Agent: The Bank of New York Mellon

The conversion may result in conversion charges, holders should pay attention to the latest announcements from listed companies.

Note to applicants: If there is any update, all the information released by the listed company shall prevail.

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