FangDD Announces Termination Plan for Its ADR Facility, and the Plan to Hold an Extraordinary General Meeting of Shareholders
As a result, the Company’s existing American depositary receipts (the “ADR”) facility is expected to be terminated at 5:00 p.m. (Eastern Time) on September 4, 2024 (the “Termination Date”).
- As a result, the Company’s existing American depositary receipts (the “ADR”) facility is expected to be terminated at 5:00 p.m. (Eastern Time) on September 4, 2024 (the “Termination Date”).
- Immediately following the termination of the Company’s ADR facility, the Company plans to list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC (“Nasdaq”) in substitution for its ADSs (the “Substitution Listing”).
- There remains uncertainty regarding whether the Company will be able to obtain clearance from Nasdaq to effectuate the Substitution Listing prior to the Termination Date.
- The Notice of EGM and proxy card for the EGM are available on the Company’s website at http://ir.fangdd.com/ .