Fangdd Network Group Ltd. 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 from July 19, 2022. 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. 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.