Fangdd Network Group Ltd. Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements

Rhea-AI Summary

Fangdd Network Group (NASDAQ: DUO) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department on June 24, 2025, following a previous delinquency notification received on December 24, 2024.

The initial non-compliance notice was issued after DUO's closing bid price remained below $1.00 per share for 30 consecutive business days. The company was given 180 calendar days until June 23, 2025, to meet the minimum bid price requirement, which they successfully achieved by the deadline.

Positive

• Successfully regained Nasdaq listing compliance
• Met compliance requirements before the deadline
• Maintained $1.00 minimum bid price requirement

Negative

• Previously faced delisting risk due to low share price
• Required 6-month recovery period to meet compliance

SHENZHEN, China, June 25, 2025 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“DUO” or the “Company”), today announced that on June 24, 2025, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2).

As previously disclosed, the company received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on December 24, 2024 indicating that the Company was not in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Stock Market, as the closing bid price for the Company’s Class A ordinary shares listed on the Nasdaq Stock Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice provides that the Company has a period of 180 calendar days from the date of the Notice, or until June 23, 2025, to regain compliance with the minimum bid price requirement. This requirement was met on June 23, 2025.

About Fangdd Network Group Ltd.

Fangdd Network Group Ltd. (Nasdaq: DUO) is a customer-oriented property technology company in China, focusing on providing real estate transaction digitalization services. Through innovative use of mobile internet, cloud, big data, artificial intelligence, among others, FangDD has fundamentally revolutionized the way real estate transaction participants conduct their business through a suite of modular products and solutions powered by SaaS tools, products and technology. For more information, please visit http://ir.fangdd.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Ms. Linda Li

Director, Capital Markets Department

Phone: +86-0755-2699-8968

E-mail: ir@fangdd.com

FAQ

When did Fangdd Network Group (DUO) regain Nasdaq compliance?

Fangdd Network Group regained Nasdaq compliance on June 24, 2025, when they received written notice from Nasdaq's Listing Qualifications Department.

What was the minimum bid price requirement for DUO stock to maintain Nasdaq listing?

DUO was required to maintain a minimum bid price of $1.00 per share according to Nasdaq Listing Rule 5550(a)(2).

How long was DUO given to regain Nasdaq compliance?

DUO was given 180 calendar days from December 24, 2024, until June 23, 2025, to regain compliance with the minimum bid price requirement.

What caused DUO to receive a Nasdaq delinquency notice?

DUO received the notice because its closing bid price remained below $1.00 per share for 30 consecutive business days, violating Nasdaq's minimum bid price requirement.