Fangdd Network Group Announces Conversion of $34.32 Million Convertible Note Into Class A Ordinary Shares

Reuters

2025/12/29

<a href="https://laohu8.com/S/DUO">Fangdd Network</a> Group Announces Conversion of $34.32 Million Convertible Note Into Class A Ordinary Shares

Fangdd Network Group Ltd. announced the conversion of a US$34,320,000 convertible promissory note into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share. The note, originally issued on October 24, 2025, was converted following a notice from the noteholder, resulting in the cancellation of the outstanding debt. In addition, the company issued 12,731 Class C ordinary shares to ZX International Ltd. at a purchase price of US$1.81 per share. These transactions did not result in a change in control of the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fangdd Network Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-125571), on December 29, 2025, and is solely responsible for the information contained therein.

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The note, originally issued on October 24, 2025, was converted following a notice from the noteholder, resulting in the cancellation of the outstanding debt. In addition, the company issued 12,731 Class C ordinary shares to ZX International Ltd. at a purchase price of US$1.81 per share. These transactions did not result in a change in control of the company.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fangdd Network Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-125571), on December 29, 2025, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUO","symbol_name":"房多多","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251229:nNDL7wV60n:1","article_id":"2595674784","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595674784","pubTimestamp":1767006262,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Fangdd Network Group Ltd. announced the conversion of a US$34,320,000 convertible promissory note into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share. 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