Fangdd Network Group Ltd. announced that Mr. Yi Duan has resigned as the Chairman of the Board of Directors, Co-Chief Executive Officer, a member of the Compensation Committee and a member of the Nominating and Corporate Governance Committee for personal reasons. Mr. Duan will continue to serve as a director of the Company. Mr. Xi Zeng, the Company's director and Chief Executive Officer, has been appointed to serve as the Chairman of the Board of Directors, a member of the Compensation Committee and a member of the Nominating and Corporate Governance Committee.

These changes became effective from May 18, 2022.