FangDD Announces Board and Committee Changes
19 July 2022 - 9:45PM
Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the
“Company”), a leading property technology company in China, today
announced that Company’s board of directors (the “Board”) has
appointed Mr. Yang Li as (i) a director of the Company, (ii) the
chairman of the Audit Committee, (iii) the chairman of the
Compensation Committee, and (iv) a member of the Nominating and
Corporate Governance Committee, to succeed Mr. Johnny Kar Ling Ng,
who has resigned from these positions for personal reasons. These
Board and committee changes became effective today.
Mr. Yang Li has over 24 years of experience in a
wide range of financial and accounting fields, including external
and internal auditing, financial planning and analysis and
financial due diligence. Mr. Yang Li is currently the managing
partner of ThinkBridge CPAs, a professional accounting firm
providing assurance, business management and financial consulting
services. Prior to joining ThinkBridge CPAs in December 2012, Mr.
Li was a partner at Shanghai NuoDe Certified Public Accounts Co.,
Ltd. from August 2004 to November 2012, where he advised clients in
China on finance, management and risk management issues. Prior to
that, Mr. Li worked at multiple auditing and consulting firms,
including Ernst & Young, Arthur Andersen,
PricewaterhouseCoopers and Shanghai De’An Certified Public
Accountants, where he was responsible for auditing and financial
consulting. Mr. Li has served as an independent director of
Shanghai Kaytune Industrial Co., Ltd. (SSE: 301001) since 2019. Mr.
Li received a bachelor’s degree from Shanghai International Studies
University and a master’s degree at China Europe International
Business School. Mr. Li is a member of the Chinese Institute of
Certified Public Accountants and the Association of International
Accountants.
The Board has determined that Mr. Li satisfies
the independence requirements of Rule 5605(c)(2) of the Listing
Rules of the Nasdaq Stock Market and Rule 10A-3 under the
Securities Exchange Act of 1934, as amended, and is qualified as an
“audit committee financial expert” as defined in the instructions
to Item 16A of the Form 20-F.
“On behalf of FangDD and the Board, I would like
to take this opportunity to express our gratitude and appreciation
to Mr. Ng for his contribution to the Company during his tenure of
service,” Mr. Xi Zeng, Chairman of the Board and Chief Executive
Officer of FangDD, commented. “We are delighted to have Mr. Li join
our Board and committees, and we are confident that Mr. Li will
bring extraordinary expertise and experience to support our
strategic development.”
About FangDD
Fangdd Network Group Ltd. (Nasdaq: DUO) is a
leading property technology company in China, operating one of the
largest online real estate marketplaces in the country. 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. For more information, please visit
http://ir.fangdd.com.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. 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. Among other
things, statements that are not historical facts, including
statements about the Company’s beliefs and expectations are or
contain forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement. All information provided in this
press release is as of the date of this press release and is based
on assumptions that the Company believes to be reasonable as of
this date, and the Company does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
Investor Relations Contact
Ms. Linda LiDirector, Capital Markets DepartmentPhone:
+86-0755-2699-8968E-mail: ir@fangdd.com
FangDD Network (NASDAQ:DUO)
Historical Stock Chart
From Jun 2024 to Jul 2024
FangDD Network (NASDAQ:DUO)
Historical Stock Chart
From Jul 2023 to Jul 2024