Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”) is a leading PropTech company in China, focusing on providing real estate transaction digitalization services. The company operates a real estate-focused online platform in China. Leveraging technological capabilities, the company has built a suite of modular software products and SaaS solutions that simplify the traditionally cumbersome processes in real estate transactions and allow marketplace participants to effectively carry out their businesses. By improving the transparency and efficiency of the real estate transaction, the company brings a better experience for all parties involved in the real estate transaction process, including real estate sellers, agents and real estate buyers.

FangDD started by providing agencies and agents with innovative products and solutions to improve the way they conduct business and manage their day-to-day operations, making them increasingly reliant on FangDD’s tools and services. This enables us to build a huge agent network, thereby accumulating the service resources of real estate transactions on our platform. As of December 31, 2021, FangDD had over 378 thousand active agents on its marketplace. By providing real estate sellers with innovative and diversified digital marketing solutions as well as access to its extensive agent network, the company helps real estate sellers to move their traditional offline business online and improve transaction efficiency, thereby gathering the property resources of real estate transactions on the platform. In 2021, there were 3,118 new property projects on Company’s marketplace. In addition, the company continues to attract real estate buyers and other participants to its marketplace by leveraging the service resources and property resources. FangDD has and continually improves the efficiency of transactions on its marketplace with unique market insights, underpinned by its proprietary artificial intelligence, or AI, algorithms and data.

FangDD build an open online marketplace for real estate transactions and related services. The marketplace connects real estate sellers, agents, buyers, financial institutions and other service providers as part of a vibrant ecosystem and a self-reinforcing network. FangDD provides all participants with one-stop digital real estate transaction services and seamless transaction experience through its extensive and verified listings, SaaS solutions and intelligent matching algorithms.

The foundation of the marketplace is transaction digitalization. Through its diversified SaaS products and solutions, FangDD helps real estate sellers and agents to identify effective sales leads and potential home buyers, achieved efficient online interactions and improve marketing efficiency while providing superior customer experience and better quality at lower customer acquisition costs. By building the rules and tools required for transactions, the company moves the components of real estate transactions online, including, among other things, communication, commission settlement. Based on the rich data generated by the marketplace and big data analysis capabilities, FangDD improves the transparency and efficiency of real estate transactions on its marketplace by, among others, monitoring transactions on the marketplace, matching property listings to the most suitable agents, recommending agents to real estate developers and filtering out inaccurate property information. FangDD provides all platform. participants with basic management systems and tools for online operations, encompassing SaaS solutions for agents, real estate sellers and real estate buyers, respectively, as well as financial solutions, agent and developer services, to name a few.

Company’s platform is driven by the following core attributes:

• Technological Expertise. FangDD has built a real-time data warehouse, utilizing data analysis and cloud computing to provide visualized data services. The company provides targeted recommendations to marketplace participants through artificial intelligence algorithms. It also offers customized products to all participants in the real estate industry, enabling them to boost operational efficiency.
   
• A Strong and Trustworthy Brand. FangDD has been deeply involved in the real estate industry for over a decade, during which we’ve developed favorable brand recognition. There were over 378 thousand active agent accounts on company’s marketplace as of December 31, 2021. As real estate sellers in China tend to partner with companies with a long operating history, extensive agent resources and diversified product and service offerings, the company gains competitive advantages in attracting real estate sellers to post listings on company’s marketplace. As such, brand name as well as product and service capabilities facilitate effective online transactions.
   
• Amicable relationship among platform participants. All participants on company’s marketplace are indispensable in successful real estate transactions. As an online marketplace that facilitates these transactions, FangDD understands the importance of building and maintaining amicable relationships among all marketplace participants, especially real estate buyers and agents, which contributes to company’s ability to obtain sufficient property resources and service resources and grow business.
   
• Profound industry insights. With focus on China’s real estate industry, FangDD draws on extensive knowledge of this industry, in-depth understanding of real estate transaction services and digital operations, and profound insights into industry trends. Therefore FangDD is well-positioned to provide value-added services and products catering to the diverse and ever-changing needs of marketplace participants, and seize market opportunities.