Fangdd (NASDAQ: DUO) CEO Zeng Xi reports Class B and C holdings

Rhea-AI Filing Summary

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zeng Xi

(Last) (First) (Middle)

C/O FANGDD NETWORK GROUP LTD., RM 1501

SHANGMEI TECH BLDG, NO. 15 DACHONG ROAD

(Street)

NANSHAN DISTRICT, SHENZHEN 518072

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Fangdd Network Group Ltd. [ DUO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B ordinary shares	(1)	(1)	Class A ordinary shares	1,794	(1)	I	By ZX INTERNATIONAL LTD(2)
Class C ordinary shares	(3)	(3)	Class A ordinary shares	13,679	(3)	I	By ZX INTERNATIONAL LTD(2)

Explanation of Responses:

1. Each Class B ordinary share is convertible into one Class A ordinary share of the issuer at any time, at the holder's election, and has no expiration date.

2. ZX INTERNATIONAL LTD is a company incorporated under the laws of the British Virgin Islands, which is wholly owned by the reporting person.

3. Each Class C ordinary share is convertible into one Class A ordinary share of the issuer at any time, at the holder's election, and has no expiration date.

	/s/ Xi Zeng	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Fangdd Network Group (DUO) disclose in this Form 3 for Zeng Xi?

The Form 3 discloses Chairman and CEO Zeng Xi’s initial beneficial ownership. Through ZX INTERNATIONAL LTD, he indirectly holds 1,794 Class B ordinary shares and 13,679 Class C ordinary shares, all convertible into Class A ordinary shares on a one-for-one basis without expiration.

How many Fangdd (DUO) Class B and Class C shares are reported for Zeng Xi?

The filing reports 1,794 Class B ordinary shares and 13,679 Class C ordinary shares. Both classes are held indirectly through ZX INTERNATIONAL LTD, a British Virgin Islands company wholly owned by Zeng Xi, and each is convertible into one Class A ordinary share.

How are Fangdd (DUO) Class B and Class C shares convertible into Class A shares?

Each Class B and each Class C ordinary share is convertible into one Class A ordinary share of Fangdd at any time, at the holder’s election. The footnotes state these shares have no expiration date and a stated conversion or exercise price of 0.0000.

What is ZX INTERNATIONAL LTD’s role in Fangdd (DUO) insider holdings?

ZX INTERNATIONAL LTD is the indirect holding vehicle for Zeng Xi’s Fangdd shares. It is a British Virgin Islands company wholly owned by him, and it holds the reported Class B and Class C ordinary shares, giving him indirect beneficial ownership of those positions.

Does this Fangdd (DUO) Form 3 show any insider buying or selling by Zeng Xi?

The Form 3 does not show insider buying or selling activity. It is an initial statement of beneficial ownership listing indirect holdings in Class B and Class C ordinary shares, rather than reporting new purchase or sale transactions in Fangdd stock.