Welcome to our dedicated page for Fangdd Network Group Ltd. SEC filings (Ticker: DUO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Fangdd Network Group Ltd. filings document the disclosure record of a foreign private issuer operating a China property technology and real estate transaction digitalization platform. The company furnishes Form 6-K reports for interim financial statements, annual-report announcements, Nasdaq listing compliance, governance changes and material agreements tied to its technology and platform operations.
DUO filings also cover capital-structure matters, including registration-statement exhibits, a form of indenture, convertible note financing and conversion, share subscription arrangements and issuances of Class A and Class C ordinary shares. Governance disclosures include board composition and committee continuity, while incorporated exhibits connect current reports with the company’s Form F-3 registration statement and broader securities disclosure framework.
Fangdd Network Group Ltd., a Cayman Islands holding company for China-based real estate services, files its annual report detailing a VIE-based structure and significant China regulatory risks. Operations are conducted through PRC subsidiaries and a variable interest entity, whose results are consolidated only by contract.
For 2025, Fangdd reports revenue of RMB354.8 million and a net loss of RMB86.0 million, with an accumulated deficit of RMB4,703.3 million and recurring negative operating cash flow. Management highlights going concern uncertainty, heavy credit-loss allowances tied to stressed developers, and reliance on funding and refinancing.
The report emphasizes risks from PRC oversight of offshore listings, cybersecurity and data rules, the HFCA Act’s potential to trigger U.S. trading prohibitions, and possible non-enforceability of VIE contracts. As of December 31, 2025, Fangdd had 38,529,284 Class A ordinary shares outstanding and RMB29.3 million in cash and cash equivalents.
Fangdd Network Group Ltd. director Luo Jun filed an initial statement of beneficial ownership on Form 3. The filing lists Luo Jun as a director but does not report any specific common stock or derivative holdings and shows no insider transactions at this time.
Fangdd Network Group Ltd. director LI Yang LY filed an initial insider ownership report. This Form 3 filing establishes regulatory disclosure of the director’s holdings in the company but does not list any recent stock purchases, sales, option exercises, or other transactions.
Fangdd Network Group Ltd. director Peng Senlin has filed an initial statement of beneficial ownership as an insider. This Form 3 establishes his status as a director of the company but does not list any specific share holdings or recent transactions in the provided data.
Fangdd Network Group Ltd. director and CEO Zeng Xi has filed an initial statement of beneficial ownership. The filing shows that an entity he wholly owns, ZX INTERNATIONAL LTD, indirectly holds 1,794 Class B ordinary shares and 13,679 Class C ordinary shares.
Each Class B and Class C ordinary share is convertible into one Class A ordinary share at any time at the holder’s election and has no expiration date, with a stated exercise price of 0.0000. The filing reports ownership positions only and does not show any recent purchases or sales.
Fangdd Network Group Ltd. director and Chief Operating Officer Pan Jiaorong filed an initial ownership report showing an indirect position in the company’s Class A Ordinary Shares. The filing lists 325 Class A Ordinary Shares held indirectly through XUANYU NETWORK INTERNATIONAL LTD ("XNI"), a company owned by Mr. Pan.
The footnote states that Mr. Pan may be deemed to have voting and dispositive power over Fangdd shares held by XNI. The report is a Form 3, which records existing ownership and does not by itself indicate a new purchase or sale.
Fangdd Network Group Ltd. Financial Controller Chen Shuiying filed an initial Form 3, reporting a share option to buy 33 Class A ordinary shares at an exercise price of $0.0090 per share. All 33 option shares are vested and exercisable and the option expires on November 14, 2026.
Fangdd Network Group Ltd. reports that an investor has converted a convertible promissory note with a principal amount of US$34,320,000 into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share. The note was originally issued to satisfy payment obligations for an asset acquisition, and it will be cancelled with no amount remaining outstanding.
In addition, Fangdd issued 12,731 Class C ordinary shares to ZX International Ltd at US$1.81 per share under a share subscription agreement. Immediately after these issuances, Fangdd has 38,548,413 ordinary shares outstanding, comprising 38,529,284 Class A shares, 5,450 Class B shares and 13,679 Class C shares. The company states that these transactions did not result in a change in control and that the new shares were issued under U.S. private offering and offshore transaction exemptions.
Fangdd Network Group Ltd. (DUO) filed a Form 6-K furnishing transaction exhibits and a press release. The filing includes a Form of Convertible Note Purchase Agreement, a Share Subscription Agreement dated October 24, 2025 with ZX INTERNATIONAL LTD, and a press release titled “Fangdd Announces US$34,320,000 Convertible Note Issuance in Connection with Asset Acquisition and Proposed Issuance of Class C Ordinary Shares.”
The filing also states that Exhibits 4.1 and 10.1 are incorporated by reference into the company’s Form F-3 (No. 333-289070), allowing those agreements to be used within that shelf registration framework after effectiveness.
Fangdd Network Group Ltd. filed a Form 6-K that attaches an Assets Purchase Agreement and a press release announcing that FangDD is now "Powered by AI System" and completed an assets acquisition of US$34.32 million. The filing is signed by Xi Zeng, Chief Executive Officer and Chairman of the Board. The materials attached appear to document the transaction and the company communication about deploying AI capabilities tied to the acquired assets.