# EDGAR Filing Document

**Accession Number:** 0001750593
**File Stem:** 0001104659-23-021053
**Filing Date:** 2023-2
**Character Count:** 52889
**Document Hash:** 776badc9af5b884747f55f6908d06181
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021053.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021053

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: CC NETWORK INTERNATIONAL LTD

**GROUP MEMBERS**: JIANCHENG LI

**GROUP MEMBERS**: JIAORONG PAN

**GROUP MEMBERS**: LI ZHOU

**GROUP MEMBERS**: TIANYU NETWORK INTERNATIONAL LTD

**GROUP MEMBERS**: XUANYU NETWORK INTERNATIONAL LTD

**GROUP MEMBERS**: ZHOULI NETWORK INTERNATIONAL LTD

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fangdd Network Group Ltd.
- **CENTRAL INDEX KEY:** 0001750593
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91399
- **FILM NUMBER:** 23624501

**BUSINESS ADDRESS:**
- **STREET 1:** 18/F, UNIT B2, KEXING SCIENCE PARK
- **STREET 2:** 15 KEYUAN ROAD, TECHNOLOGY PARK
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518057
- **BUSINESS PHONE:** 008675526998968

**MAIL ADDRESS:**
- **STREET 1:** 18/F, UNIT B2, KEXING SCIENCE PARK
- **STREET 2:** 15 KEYUAN ROAD, TECHNOLOGY PARK
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518057
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Duan Yi
- **CENTRAL INDEX KEY:** 0001801614

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 18/F, UNIT B2, KEXING SCIENCE PARK
- **STREET 2:** 15 KEYUAN ROAD, TECHNOLOGY PARK, NANSHAN
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518057

---

| |
|:---|
| **SECURITIES AND EXCHANGE <br> COMMISSION** |
| **Washington, D.C. 20549** |

---

**SCHEDULE 13G**

**(Rule 13d-102)**

**INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT**

**TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED**

**PURSUANT TO § 240.13d-2**

**Under the Securities Exchange Act of 1934**<br> (Amendment No. 1)\*

**Fangdd Network Group Ltd.**

(Name of Issuer)

**Class A ordinary shares, $0.0000001 par value per share**

(Title of Class of Securities)

**30712L 109\*\***

(CUSIP Number)

**December 31, 2022**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

□ Rule 13d-1(b)

□ Rule 13d-1(c)

⌧ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

\*\* CUSIP number 30712L 109 has been assigned to the American depositary shares ("ADSs") of the issuer, which are quoted on The Nasdaq Global Market under the symbol "DUO." Each ADS represents 375 Class A ordinary shares of the issuer. No CUSIP has been assigned to the Issuer's Class A ordinary shares.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 30712L 109 Page 2 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> Yi Duan | Name of Reporting Person<br> Yi Duan | Name of Reporting Person<br> Yi Duan |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power <br> 329,021,793<sup>(1)</sup> |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 329,021,793<sup>(1)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(1)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(1)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(1)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(2)</sup> | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(2)</sup> | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(2)</sup> |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

(1) Represents 329,021,793 Class B ordinary shares directly held by CC NETWORK INTERNATIONAL LTD, a British
Virgin Islands company controlled by Mr. Yi Duan. The registered address of CC NETWORK INTERNATIONAL LTD is Vistra Corporate Service Centre,
Wickhams Cay II, Road Town, Tortola, VG 1110, British Virgin Islands. CC NETWORK INTERNATIONAL LTD is controlled by CC Network Holding
Ltd, a company incorporated under the laws of British Virgin Islands. CC Network Holding Ltd is controlled by CC Trust, a trust established
under the laws of the British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Mr. Yi Duan is the settlor of
CC Trust and Mr. Duan and his family members are the trust's beneficiaries. Under the terms of this trust, Mr. Duan has the power
to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the share
held by CC NETWORK INTERNATIONAL LTD in the Issuer.

(2) Calculated based on the number in Row 9 above divided by 2,474,620,706
outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding
109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of
awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000
outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class
A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible
into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and
is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class
B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares beneficially owned by Mr. Yi Duan
represent approximately 37.4% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 3 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> CC NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> CC NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> CC NETWORK INTERNATIONAL LTD |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 329,021,793<sup>(3)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 329,021,793<sup>(3)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(3)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(3)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 329,021,793<sup>(3)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(4)</sup> | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(4)</sup> | Percent of Class Represented by Amount in Row 9<br> 13.3%<sup>(4)</sup> |
| 12 | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO |

---

(3) Represents 329,021,793 Class B ordinary shares directly held by CC NETWORK INTERNATIONAL LTD, a British
Virgin Islands.

(4) Calculated based on the number in Row 9 above divided by 2,474,620,706
outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding
109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of
awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000
outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class
A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible
into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and
is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class
B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares beneficially owned by CC NETWORK INTERNATIONAL
LTD represent approximately 37.4% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 4 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> Jiancheng Li | Name of Reporting Person<br> Jiancheng Li | Name of Reporting Person<br> Jiancheng Li |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 129,519,698<sup>(5)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 129,519,698<sup>(5)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(5)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(5)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(5)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(6)</sup> | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(6)</sup> | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(6)</sup> |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

(5) Represents 129,519,698 Class B ordinary shares held by TIANYU NETWORK INTERNATIONAL LTD, a company incorporated
in the British Virgin Islands controlled by Mr. Jiancheng Li. The number of shares excludes 15,433,557 Class A ordinary shares transferred
by TIANYU NETWORK INTERNATIONAL LTD to designated employees and consultants in November 2018. The registered address of TIANYU NETWORK
INTERNATIONAL LTD is Vistra Corporate Service Centre, Wickhams Cay II, Road Town, Tortola, VG 1110, British Virgin Islands. TIANYU NETWORK
INTERNATIONAL LTD is controlled by Tianyu Network Holding Ltd, a company incorporated under the laws of British Virgin Islands. Tianyu
Network Holding Ltd is controlled by Tianyu Family Trust, a trust established under the laws of the British Virgin Islands and managed
by Cantrust (Far East) Limited as the trustee. Mr. Jiancheng Li is the settlor of Tianyu Family Trust, and Mr. Li and his family members
are the trust's beneficiaries. Under the terms of this trust, Mr. Li has the power to direct the trustee with respect to the retention
or disposal of, and the exercise of any voting and other rights attached to, the share held by TIANYU NETWORK INTERNATIONAL LTD in the
Issuer.

(6) Calculated based on the number in Row 9 above divided by 2,474,620,706 outstanding ordinary shares of
the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding 109,123,363 Class A ordinary
shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuer's
share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000 outstanding Class C ordinary shares as
of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class A ordinary shares, Class B ordinary
shares and Class C ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled
to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible into one Class A ordinary share at any
time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and is convertible into one Class A ordinary
share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares or Class C ordinary
shares under any circumstances. Accordingly, ordinary shares beneficially owned by Mr. Jiancheng Li represent approximately 14.7% of the
aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 5 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> TIANYU NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> TIANYU NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> TIANYU NETWORK INTERNATIONAL LTD |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 129,519,698<sup>(7)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 129,519,698<sup>(7)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(7)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(7)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 129,519,698<sup>(7)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(8)</sup> | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(8)</sup> | Percent of Class Represented by Amount in Row 9<br> 5.2%<sup>(8)</sup> |
| 12 | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO |

---

(7) Represents 129,519,698 Class B ordinary shares directly held by TIANYU NETWORK INTERNATIONAL LTD,
a British Virgin Islands.

(8) Calculated based on the number in Row 9 above divided by 2,474,620,706
outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding
109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of
awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000
outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class
A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible
into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and
is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class
B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares beneficially owned by TIANYU NETWORK
INTERNATIONAL LTD represent approximately 14.7% of the aggregate voting power of the total issued and outstanding ordinary shares of
the Issuer.

CUSIP No. 30712L 109 Page 6 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> Li Zhou | Name of Reporting Person<br> Li Zhou | Name of Reporting Person<br> Li Zhou |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 83,806,467<sup>(9)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 83,806,467<sup>(9)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(9)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(9)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(9)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(10)</sup> | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(10)</sup> | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(10)</sup> |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

(9) Represents 83,806,467 Class A ordinary shares directly held by ZHOULI NETWORK INTERNATIONAL LTD,
a British Virgin Islands company controlled by Ms. Li Zhou. The number of shares excludes 25,761,433 ordinary shares transferred by ZHOULI
NETWORK INTERNATIONAL LTD to designated employees and consultants in November 2018. The registered address of ZHOULI NETWORK INTERNATIONAL
LTD is Ritter House, Wickhams Cay II, Road Town, Tortola, VG 1110, British Virgin Islands. ZHOULI NETWORK INTERNATIONAL LTD is controlled
by YUMO Network Holding Ltd, a company incorporated under the laws of British Virgin Islands. YUMO Network Holding Ltd is controlled by
YUMO Family Trust, a trust established under the laws of the British Virgin Islands and managed by Cantrust (Far East) Limited as the
trustee. Ms. Li Zhou is the settlor of YUMO Family Trust, and Ms. Zhou and her family members are the trust's beneficiaries. Under
the terms of this trust, Ms. Zhou has the power to direct the trustee with respect to the retention or disposal of, and the exercise of
any voting and other rights attached to, the share held by ZHOULI NETWORK INTERNATIONAL LTD in the Issuer.

(10) Calculated based on the number in Row 9 above divided by 2,474,620,706 outstanding ordinary shares of
the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding 109,123,363 Class A ordinary
shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuer's
share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000 outstanding Class C ordinary shares as
of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class A ordinary shares, Class B ordinary
shares and Class C ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled
to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible into one Class A ordinary share at any
time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and is convertible into one Class A ordinary
share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares or Class C ordinary
shares under any circumstances. Accordingly, ordinary shares beneficially owned by Ms. Li Zhou represent approximately 1.0% of the aggregate
voting power of the total issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 7 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> ZHOULI NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> ZHOULI NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> ZHOULI NETWORK INTERNATIONAL LTD |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 83,806,467<sup>(11)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 83,806,467<sup>(11)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(11)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(11)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 83,806,467<sup>(11)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(12)</sup> | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(12)</sup> | Percent of Class Represented by Amount in Row 9<br> 3.4%<sup>(12)</sup> |
| 12 | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO |

---

(11) Represents 83,806,467 Class A ordinary shares directly held by ZHOULI NETWORK INTERNATIONAL LTD,
a British Virgin Islands.

(12) Calculated based on the number in Row 9 above divided by 2,474,620,706
outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding
109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of
awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000
outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class
A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible
into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and
is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class
B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares beneficially owned by ZHOULI NETWORK
INTERNATIONAL LTD represent approximately 1.0% of the aggregate voting power of the total issued and outstanding ordinary shares of the
Issuer.

CUSIP No. 30712L 109 Page 8 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> Jiaorong Pan | Name of Reporting Person<br> Jiaorong Pan | Name of Reporting Person<br> Jiaorong Pan |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China | Citizenship or Place of Organization<br> People's Republic of China |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 29,249,399<sup>(13)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 29,249,399<sup>(13)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(13)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(13)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(13)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(14)</sup> | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(14)</sup> | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(14)</sup> |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

(13) Represents 29,249,399 Class A ordinary shares directly held by XUANYU NETWORK INTERNATIONAL LTD,
a British Virgin Islands company controlled by Ms. Jiaorong Pan. The registered address of XUANYU NETWORK INTERNATIONAL LTD is Ritter
House, Wickhams Cay II, Road Town, Tortola VG1110, British Virgin Islands. XUANYU NETWORK INTERNATIONAL LTD is controlled by KELE Network
Holding Ltd, a company incorporated under the laws of the British Virgin Islands. KELE Network Holding Ltd is controlled by KELE Trust,
a trust established under the laws of the British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Ms. Jiaorong
Pan is the settlor of KELE Trust, and Ms. Pan and her family members are the trust's beneficiaries. Under the terms of this trust,
Ms. Pan has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights
attached to, the share held by XUANYU NETWORK INTERNATIONAL LTD in the Issuer.

(14) Calculated based on the number in Row 9 above divided by 2,474,620,706
outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding
109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of
awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000
outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class
A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible
into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and
is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class
B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares beneficially owned by Ms. Jiaorong
Pan represent approximately 0.3% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 9 of 14 Pages

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Person<br> XUANYU NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> XUANYU NETWORK INTERNATIONAL LTD | Name of Reporting Person<br> XUANYU NETWORK INTERNATIONAL LTD |
| 2 | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ | Check the Appropriate Box if a Member of a Group<br> (a) ◻<br> (b) ⌧ |
| 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| 4 | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands | Citizenship or Place of Organization<br> British Virgin Islands |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 29,249,399<sup>(15)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 0<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 29,249,399<sup>(15)</sup><br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0<br>|
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(15)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(15)</sup> | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 29,249,399<sup>(15)</sup> |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares □ |
| 11 | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(16)</sup> | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(16)</sup> | Percent of Class Represented by Amount in Row 9<br> 1.2%<sup>(16)</sup> |
| 12 | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO | Type of Reporting Person<br> CO |

---

(15) Represents 29,249,399 Class A ordinary shares directly held by TIANYU NETWORK INTERNATIONAL LTD,
a British Virgin Islands.

(16) Calculated based on the number in Row 9 above divided by 2,474,620,706 outstanding ordinary shares
 of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary shares (excluding 109,123,363 Class
 A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise or vesting of awards granted
 under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and (iii) 75,000 outstanding
 Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022. Holders of Class A
 ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights.
 Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is
 convertible into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to
 10,000 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not
 convertible into Class B ordinary shares or Class C ordinary shares under any circumstances. Accordingly, ordinary shares
 beneficially owned by XUANYU NETWORK INTERNATIONAL LTD represent approximately 0.3% of the aggregate voting power of the total
 issued and outstanding ordinary shares of the Issuer.

CUSIP No. 30712L 109 Page 10 of 14 Pages

---

| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:**<br> Fangdd Network Group Ltd. (the "Issuer") |
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:**<br> Room 602, Unit B4, Kexing Science Park, 15 Keyuan Road, Technology Park, Nanshan District, Shenzhen, 518057, People's Republic of China |
| **Item 2(a).** | **Name of Person Filing:**<br> (i) Yi Duan,<br> (ii) CC NETWORK INTERNATIONAL LTD,<br> (iii) Jiancheng Li,<br> (iv) TIANYU NETWORK INTERNATIONAL LTD,<br> (v) Li Zhou,<br> (vi) ZHOULI NETWORK INTERNATIONAL LTD,<br> (vii) Jiaorong Pan, and<br> (viii) XUANYU NETWORK INTERNATIONAL LTD<br> (collectively, the "Reporting Persons"). |
| **Item 2(b).** | **Address of Principal Business Office or, if none, Residence:**<br> The address of the Reporting Persons is Room 602, Unit B4, Kexing Science Park, 15 Keyuan Road, Technology Park, Nanshan District, Shenzhen, 518057, People's Republic of China |
| **Item 2(c)** | **Citizenship:** <br> Yi Duan - the People's Republic of China<br> CC NETWORK INTERNATIONAL LTD - the British Virgin Islands<br> Jiancheng Li - the People's Republic of China<br> TIANYU NETWORK INTERNATIONAL LTD - the British Virgin Islands<br> Li Zhou – the People's Republic of China<br> ZHOULI NETWORK INTERNATIONAL LTD - the British Virgin Islands<br> Jiaorong Pan – the People's Republic of China<br> XUANYU NETWORK INTERNATIONAL LTD - the British Virgin Islands |
| **Item 2(d).** | **Title of Class of Securities:**<br> Class A ordinary shares, par value US$0.0000001 per share, of the Issuer<br>The Issuer's ordinary shares consist of Class A ordinary shares, Class B ordinary shares and Class C ordinary shares. Holders of Class A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share is entitled to ten votes and is convertible into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary share is entitled to 10,000 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares or Class C ordinary shares under any circumstances. |
| **Item 2(e).** | **CUSIP Number:**<br> 30712L 109<br>This CUSIP number applies to the American depositary shares of the Issuer, each representing 375 Class A ordinary shares of the Issuer. No CUSIP has been assigned to the Issuer's Class A ordinary shares. |

---

CUSIP No. 30712L 109 Page 11 of 14 Pages

---

| | |
|:---|:---|
| **Item 3.** | **If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:** |
|  | Not applicable |

---

**Item 4.** **Ownership:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Person** | **Amount<br> beneficially<br> owned:** | **Percent<br> of class<sup>(1)</sup>:** | **Percent of<br> aggregate<br> voting<br> power<sup>(2)</sup>:** | **Sole power<br> to vote <br> or to <br> direct the vote:** | **Shared power<br> to vote or to<br> direct <br> the vote:** | **Sole power<br> to dispose<br> or to<br> direct the<br> disposition of:** | **Shared <br> power<br> to dispose or<br> to direct the<br> disposition of:** |
| Yi Duan | 329021793<sup>(3)</sup> | 13.3% | 37.4% | 329021793 | 0 | 329021793 | 0 |
| CC NETWORK INTERNATIONAL LTD | 329021793<sup>(3)</sup> | 13.3% | 37.4% | 329021793 | 0 | 329021793 | 0 |
| Jiancheng Li | 129519698<sup>(4)</sup> | 5.2% | 14.7% | 129519698 | 0 | 129519698 | 0 |
| TIANYU NETWORK INTERNATIONAL LTD | 129519698<sup>(4)</sup> | 5.2% | 14.7% | 129519698 | 0 | 129519698 | 0 |
| Li Zhou | 83806467<sup>(5)</sup> | 3.4% | 1.0% | 83806467 | 0 | 83806467 | 0 |
| ZHOULI NETWORK INTERNATIONAL LTD | 83806467<sup>(5)</sup> | 3.4% | 1.0% | 83806467 | 0 | 83806467 | 0 |
| Jiaorong Pan | 29249399<sup>(6)</sup> | 1.2% | 0.3% | 29249399 | 0 | 29249399 | 0 |
| XUANYU NETWORK INTERNATIONAL LTD | 29249399<sup>(6)</sup> | 1.2% | 0.3% | 29249399 | 0 | 29249399 | 0 |

---

(1) The percentage of class of securities beneficially owned by each Reporting Person is based on a total
of 2,474,620,706 outstanding ordinary shares of the Issuer as a single class, being the sum of (i) 1,854,607,648 outstanding Class A ordinary
shares (excluding 109,123,363 Class A ordinary shares issued to depositary bank for ADSs reserved for future issuances upon the exercise
or vesting of awards granted under the Issuer's share incentive plans), (ii) 619,938,058 outstanding Class B ordinary shares, and
(iii) 75,000 outstanding Class C ordinary shares as of the date of the prospectus supplement filed with the SEC on December 8, 2022.

(2) The percentage of voting power is calculated by dividing the voting power beneficially owned by each Reporting
Person by the voting power of all of the Issuer's Class A ordinary shares, Class B ordinary shares and Class C ordinary
shares as a single class. Holders of Class A ordinary shares, Class B ordinary shares and Class C ordinary shares have the same rights
except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, whereas (x) each Class B ordinary share
is entitled to ten votes and is convertible into one Class A ordinary share at any time by the holder thereof and (y) each Class C ordinary
share is entitled to 10,000 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary
shares are not convertible into Class B ordinary shares or Class C ordinary shares under any circumstances.

(3) Represents 329,021,793 Class B ordinary shares held by CC NETWORK INTERNATIONAL LTD, a company incorporated
in the British Virgin Islands. CC NETWORK INTERNATIONAL LTD is controlled by CC Network Holding Ltd, a company incorporated under the
laws of British Virgin Islands. CC Network Holding Ltd is controlled by CC Trust, a trust established under the laws of the British Virgin
Islands and managed by Cantrust (Far East) Limited as the trustee. Yi Duan is the settlor of CC Trust and Yi Duan and his family members
are the trust's beneficiaries. Under the terms of this trust, Yi Duan has the power to direct the trustee with respect to the retention
or disposal of, and the exercise of any voting and other rights attached to, the share held by CC NETWORK INTERNATIONAL LTD.

(4) Represents 129,519,698 Class B ordinary shares held by TIANYU NETWORK INTERNATIONAL LTD, a company
 incorporated in the British Virgin Islands. TIANYU NETWORK INTERNATIONAL LTD is controlled by Tianyu Network Holding Ltd, a company
 incorporated under the laws of British Virgin Islands. Tianyu Network Holding Ltd is controlled by Tianyu Family Trust, a trust
 established under the laws of the British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Mr. Jiancheng Li
 is the settlor of Tianyu Family Trust, and Mr. Li and his family members are the trust's beneficiaries. Under the terms of
 this trust, Mr. Li has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting
 and other rights attached to, the share held by TIANYU NETWORK INTERNATIONAL LTD.

CUSIP No. 30712L 109 Page 12 of 14 Pages

(5) Represents 83,806,467 Class A ordinary shares held by ZHOULI NETWORK INTERNATIONAL LTD, a company incorporated
in the British Virgin Islands. ZHOULI NETWORK INTERNATIONAL LTD is controlled by YUMO Network Holding Ltd, a company incorporated under
the laws of British Virgin Islands. YUMO Network Holding Ltd is controlled by YUMO Family Trust, a trust established under the laws of
the British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Ms. Li Zhou is the settlor of YUMO Family Trust,
and Ms. Zhou and her family members are the trust's beneficiaries. Under the terms of this trust, Ms. Zhou has the power to direct
the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the share held
by ZHOULI NETWORK INTERNATIONAL LTD.

(6) Represents 29,249,399 Class A ordinary shares directly held by XUANYU NETWORK INTERNATIONAL LTD,
a company incorporated in the British Virgin Islands. XUANYU NETWORK INTERNATIONAL LTD is controlled by KELE Network Holding Ltd, a company
incorporated under the laws of the British Virgin Islands. KELE Network Holding Ltd is controlled by KELE Trust, a trust established under
the laws of the British Virgin Islands and managed by Cantrust (Far East) Limited as the trustee. Ms. Jiaorong Pan is the settlor of KELE
Trust, and Ms. Pan and her family members are the trust's beneficiaries. Under the terms of this trust, Ms. Pan has the power to
direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the share
held by XUANYU NETWORK INTERNATIONAL LTD.

---

| | |
|:---|:---|
| **Item 5.** | **Ownership of Five Percent or Less of a Class:** |
|  | The agreement among Yi Duan, Xi Zeng, Jiancheng Li, Li Zhou and Jiaorong Pan to vote in convert has been terminated, resulting in the dissolution of the group previously formed by the aforementioned persons and their affiliates. This statement is being filed to report the fact that as of the date hereof, each of the following reporting persons has ceased to be the beneficial owner of more than 5 percent of the class of securities:<br>· Li Zhou, <br> · ZHOULI NETWORK INTERNATIONAL LTD,<br> · Jiaorong Pan, and<br> · XUANYU NETWORK INTERNATIONAL LTD. |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person:** |
|  | Not applicable |
| **Item 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling Person:** |
|  | Not applicable |
| **Item 8.** | **Identification and Classification of Members of the Group:** |
|  | See Item 2(a) in lieu of an exhibit. |
| **Item 9.** | **Notice of Dissolution of Group:** |
|  | Not applicable |

---

---

| | |
|:---|:---|
| **Item 10.** | **Certifications:** |
|  | Not applicable |

---

CUSIP No. 30712L 109 Page 13 of 14 Pages

**LIST OF EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm236782d1_ex99-1.htm) | [Joint Filing Agreement](tm236782d1_ex99-1.htm) |

---

CUSIP No. 30712L 109 Page 14 of 14 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2023

---

| | |
|:---|:---|
| **Yi Duan** | **Yi Duan** |
| /s/ Yi Duan | /s/ Yi Duan |
| **CC NETWORK INTERNATIONAL LTD** | **CC NETWORK INTERNATIONAL LTD** |
| By: | /s/ Yi Duan |
| Name: | Yi Duan |
| Title: | Director |
| **J** **iancheng Li** | **J** **iancheng Li** |
| /s/ Jiancheng Li | /s/ Jiancheng Li |
| **TIANYU NETWORK INTERNATIONAL LTD** | **TIANYU NETWORK INTERNATIONAL LTD** |
| By: | /s/ Jiancheng Li |
| Name: | Jiancheng Li |
| **Li Zhou** | **Li Zhou** |
| /s/ Li Zhou | /s/ Li Zhou |
| **ZHOULI NETWORK INTERNATIONAL LTD** | **ZHOULI NETWORK INTERNATIONAL LTD** |
| By: | /s/ Li Zhou |
| Name: | Li Zhou |
| **Jiaorong Pan** | **Jiaorong Pan** |
| /s/ Jiaorong Pan | /s/ Jiaorong Pan |

---

---

| | |
|:---|:---|
| **XUANYU NETWORK INTERNATIONAL LTD** | **XUANYU NETWORK INTERNATIONAL LTD** |
| By: | /s/ Jiaorong Pan |
| Name: | Jiaorong Pan |
| Title: | Director |

---

## Exhibit 99.1

CUSIP No. 30712L 109 Page 1 of 1 Page

**<u>Exhibit 99.1</u>**

**<u>Joint Filing Agreement</u>**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value of US$0.0000001 per share, of Fangdd Network Group Ltd., a Cayman Islands exempted company, and that this Agreement may be included as an exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 14, 2023.

---

| | | |
|:---|:---|:---|
| Yi Duan | /s/ Yi Duan | /s/ Yi Duan |
| CC NETWORK INTERNATIONAL LTD | By: | /s/ Yi Duan |
|  | Name: | Yi Duan |
|  | Title: | Director |
| Jiancheng Li | /s/ Jiancheng Li | /s/ Jiancheng Li |
| TIANYU NETWORK INTERNATIONAL LTD | By: | /s/ Jiancheng Li |
|  | Name: | Jiancheng Li |
| Li Zhou | /s/ Li Zhou | /s/ Li Zhou |
| ZHOULI NETWORK INTERNATIONAL LTD | By: | /s/ Li Zhou |
|  | Name: | Li Zhou |
| Jiaorong Pan | /s/ Jiaorong Pan | /s/ Jiaorong Pan |
| XUANYU NETWORK INTERNATIONAL LTD | By: | /s/ Jiaorong Pan |
|  | Name: | Jiaorong Pan |
|  | Title: | Director |

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