Fangdd Network (NASDAQ: DUO) COO discloses 325 indirect Class A shares

Rhea-AI Filing Summary

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.

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^*

Pan Jiaorong

(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)

CHINA

(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)
	Chief Operating Officer

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)
Class A Ordinary Shares	325	I	See footenote(1)

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

Explanation of Responses:

1. Represents securities held by XUANYU NETWORK INTERNATIONAL LTD ("XNI"), a company owned by the Reporting Person. Mr. Pan may be deemed to have the voting and dispositive power over the Issuer's shares held by XNI.

	/s/ Jiaorong Pan	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 (DUO) COO Pan Jiaorong report in this Form 3?

The Form 3 shows that Chief Operating Officer Pan Jiaorong has an indirect interest in 325 Class A Ordinary Shares of Fangdd Network Group Ltd. These shares are held through XUANYU NETWORK INTERNATIONAL LTD, a company he owns and may control voting and disposition for.

How many Fangdd (DUO) shares are reported as indirectly owned?

The filing reports indirect ownership of 325 Class A Ordinary Shares of Fangdd Network Group Ltd. This position is held via XUANYU NETWORK INTERNATIONAL LTD, and Mr. Pan may be deemed to have voting and dispositive power over these shares according to the footnote.

Is there any buying or selling activity in this Fangdd (DUO) Form 3?

The Form 3 does not report any share purchases or sales. It is an initial statement of beneficial ownership, listing an existing indirect holding of 325 Class A Ordinary Shares rather than recording a new transaction or change in ownership level.

How are the Fangdd (DUO) shares held by COO Pan Jiaorong structured?

The 325 Class A Ordinary Shares are held indirectly through XUANYU NETWORK INTERNATIONAL LTD, described as a company owned by Mr. Pan. The footnote notes he may be deemed to hold voting and dispositive power over Fangdd shares owned by this entity.

What is the significance of XUANYU NETWORK INTERNATIONAL LTD in Fangdd (DUO) ownership?

XUANYU NETWORK INTERNATIONAL LTD, or XNI, is the entity that directly holds the 325 Fangdd Class A Ordinary Shares disclosed. Because Mr. Pan owns XNI, he may be deemed to control how these shares are voted and whether they are sold or retained.