A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements involve inherent risks and uncertainties. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. 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. Private Securities Litigation Reform Act of 1995. These statements are made under the “safe harbor” provisions of the U.S. This announcement contains forward-looking statements. 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. (Nasdaq: DUO) is a leading property technology company in China, operating one of the largest online real estate marketplaces in the country. Accordingly, the Company has regained compliance with the MVPHS requirement and this matter was closed.įangdd Network Group Ltd. On March 24, 2023, based on the Company’s MVPHS for the last 11 consecutive business days, from March 9 to March 23, 2023, Nasdaq confirmed that the Company’s MVPHS had been greater than US$5 million. The Company was provided a compliance period of 180 calendar days until Apto regain compliance. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it had received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) dated March 24, 2023, indicating that the Company has regained compliance with the minimum market value of publicly held shares (“MVPHS”) of US$5 million as required by Nasdaq Listing Rule 5450(b)(1)(C) for continued listing on the Nasdaq Global Market.Īs previously announced, the Company was notified by Nasdaq on Octothat it was not in compliance with the Nasdaq listing requirement to maintain a MVPHS of at least US$5 million for a period of 30 consecutive business days. All Rights Reserved.SHENZHEN, China, Ma(GLOBE NEWSWIRE) - Fangdd Network Group Ltd. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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