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FangDD Announces US$8.0 Million Registered Direct Offering

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SHENZHEN, China, July 17, 2023 (GLOBE NEWSWIRE) — Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs.

Maxim Group, LLC is acting as the sole placement agent in connection with this offering.

The regular warrants to be issued have an exercise price of US$0.77 per ADS, which is subject to downwards adjustment pursuant to the terms thereof, and will be immediately exercisable until five years following issuance. The Company has also agreed to issue to investors reset warrants that permit cashless exercise on the 45th trading day following the date of the Purchase Agreement (such 45 trading day period, the “Measurement Period”) into a number of ADSs equal to the difference between (i) the quotient obtained by dividing (a) such investor’s subscription amount by (b) the greater of (A) the average of the five lowest volume-weighted average prices of the ADSs during the Measurement Period and (B) US$0.20, and (ii) the number of ADSs issued to such investor at the closing and if applicable, on the 15th and 30th trading days during the Measurement Period.

The closing of the offering is expected to occur on or about July 19, 2023, subject to satisfaction of closing conditions. The gross proceeds from the offering are expected to be approximately US$8.0 million. FangDD intends to use the net proceeds for general corporate purposes. Additional information regarding this offering and the Purchase Agreement will be included in a current report on Form 6-K to be furnished by the Company to the U.S. Securities and Exchange Commission (the “SEC”).

The securities described above will be offered by the Company pursuant to an effective “shelf” registration statement on Form F-3 (File No. 333-267397) previously filed with the SEC on September 13, 2022 and declared effective by the SEC on September 29, 2022. The securities may be offered only by means of a written prospectus and prospectus supplement that form a part of the registration statement. The prospectus supplement and accompanying prospectus contain important information relating to this offering. The prospectus supplement will be filed with the SEC and will be made available on the SEC’s website at http://www.sec.gov, or may be obtained, when available, by contacting the Company at Room 4106, Building 12B1, Shenzhen Bay Ecological Technology Park, Nanshan District, Shenzhen, the PRC, or by email at [email protected].

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This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About FangDD

Fangdd Network Group Ltd. (Nasdaq: DUO) is customer-oriented property technology company in China, focusing on providing real estate transaction digitalization services. Through innovative use of mobile internet, cloud, big data, artificial intelligence, among others, FangDD has fundamentally revolutionized the way real estate transaction participants conduct their business through a suite of modular products and solutions powered by SaaS tools, products and technology. For more information, please visit http://ir.fangdd.com.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Investor Relations Contact

Ms. Linda Li
Director, Capital Markets Department
Phone: +86-0755-2699-8968
E-mail: [email protected]

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Artificial Intelligence

Creator-first AI x Blockchain Project Animechain.ai Reveals Its White Paper and Participation in IVS Crypto 2024 KYOTO as a Platinum Sponsor

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Striving for utilization of AI and blockchain as “A Magic Wand For Creators”
TOKYO, July 4, 2024 /PRNewswire/ — Animechain.ai is an AI x Blockchain project that fully values creators’ rights and creativity. We have published a white paper describing our core vision in detail. By combining cutting-edge AI and blockchain technology, we strive to improve the efficiency and quality of anime production while protecting creators’ rights and securing fair compensation. 

We will also be participating in IVS Crypto 2024 KYOTO, one of Japan’s largest startup conferences held in Kyoto for three days from July 4th to the 6th, as a platinum sponsor. Animechain.ai’s vision and initiatives, including the content of our white paper, will be presented at the Keynote Session of the main stage of IVS Crypto 2024 KYOTO on Saturday, July 6th, from 11:45 AM.
White Paper Outline:
1. A Creator-first Rights Management System:
○   Strictly managing creators’ rights by implementing the AIRA (AI Rights Asset) token.
○   An automated and highly transparent reward distribution system controlled by smart contracts.
○   Creating new revenue opportunities by promoting derivative work and spinoffs.
2. High-quality Generative AI Specialized in Anime:
○   High-quality anime image generators with resolution of the highest standards in the industry.
○   Innovative time series models that enable animation generation on a real-time basis.
○   Overall production support by multimodal generation combining text, audio, and images.
3. Proprietary Layer 2 Solution “Anime Network”:
○   Transaction processing at over 100 times the conventional speed.
○   Ensuring data security and privacy with cryptography.
○   Unique functions that are optimized for the workflow of anime production.
4. Comprehensive Ecosystem and Governance:
○   A diverse community of creators, anime studios, AI developers, fans, and rights holders.
○   Democratic decision-making by token holders.
○   An incentive system that promotes continuous technological innovation and expansion of the market.
Whitepaper: https://whitepaper.animechain.ai/IVS Crypto 2024 KYOTO: https://www.ivs.events/crypto
Animechain.ai will combine creators’ dreams and AI technology to break new ground in the anime industry. Please visit our official website (https://animechain.ai/) for further information.
Company InformationCompany name: Animechain LLCHeadquarter: TokyoEstablished: February 2024CEO: Shuhei MiseBusiness: Development of “Animechain.ai”, a project to support creators’ creative activities using AI and blockchain
About Animechain.aiOfficial Website: https://animechain.ai/FAQ: https://medium.com/@anime_chain/anime-chain-faq-english-version-7bb1b4ae83bb
Photo – https://mma.prnewswire.com/media/2454419/Animechain.jpg

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Console Connect Recognized with Frost & Sullivan’s 2024 Global Technology Innovation Leadership Award for Its Outstanding Automation and Blockchain Solutions

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SAN ANTONIO, July 4, 2024 /PRNewswire/ — Frost & Sullivan recently analyzed the NaaS industry and, based on its findings, recognizes Console Connect with the Global Technology Innovation Leadership Award. Console Connect is a pioneering provider of NaaS solutions, offering advanced automation and intelligent use of blockchain technology that significantly enhances the platform.

Console Connect provides a comprehensive and efficient platform that meets the ever-evolving needs of enterprises and cloud providers. The company’s sophisticated platform enables seamless integration with major cloud providers, including Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Oracle Cloud, and IBM Cloud.
Additionally, the platform provides network services and innovative solutions, such as the Edge SIM service, which provides secure and reliable transport for Internet of Things (IoT) applications without using the public internet. This forward-thinking approach has allowed Console Connect to expand its service offerings and maintain its solid leadership position in the industry.
“Console Connect’s innovative platform delivers unparalleled automation, security, and efficiency in the Network-as-a-Service (NaaS) industry, setting a new standard with its cutting-edge use of blockchain technology and seamless multi-cloud integration,” said Stephen Thomas, Senior Industry Director at Frost & Sullivan.
Console Connect leverages a top-tier IP network to enhance its already powerful NaaS platform. This strategic fusion has enabled Console Connect to rapidly advance its network automation capabilities, delivering enhanced service efficiency and operational excellence.
Furthermore, Console Connect’s technological innovation extends beyond network automation to include blockchain technology for inventory and invoicing. The platform’s integration of blockchain establishes a standardized service inventory verified by a distributed ledger, ensuring accurate and undisputed invoicing through smart contracts. This innovative approach significantly reduces disputes and enhances operational efficiency, providing a robust and reliable solution for network management.
As a result, Console Connect is driving technological advancement worldwide with its futuristic network automation, the clever use of blockchain enabled contracts and is rapidly positioning itself as a leader in the NaaS industry.
“We are delighted to receive this award from Frost & Sullivan that identifies Console Connect as a technology leader in Network-as-a-Service. As an early adopter of network automation, Console Connect is proud to be recognised as an innovator in this field, and we continue to embrace technology to reimagine how businesses provision, manage and experience connectivity,” said Neil Templeton, SVP, Marketing, Console Connect. 
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Ashley ShreveP: 210.844.2505E: [email protected]
About Console Connect
Console Connect is a platform for Software Defined Interconnection® of applications and infrastructures. It allows users to self-provision private, high-performance connections among a global ecosystem of enterprises, networks, clouds, SaaS providers, IoT providers and applications providers.
Console Connect is the only digital platform that is underpinned by one of the world’s largest private networks and a Tier 1 global IP network that is ranked in the top 10 for IPv4 and IPv6 peering, delivering higher levels of network performance, speed, and security to meet the digital needs of today’s interconnected users and communities.
Accessible from 1000+ data centres in 50+ countries worldwide, the platform is integrated with all major hyperscale cloud providers, including AWS, Google Cloud, IBM Cloud, Microsoft Azure, Alibaba Cloud and more. Through the Console Connect portal or via its API, users can access a broad range of native and third-party solutions.
To learn more about Console Connect, please visit www.consoleconnect.com.
Logo – https://mma.prnewswire.com/media/2453773/Frost_Sullivan_Console_Connect_Award.jpg 

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Hyperlink InfoSystem Emerges as India’s #1 Salesforce Development Company in 2024

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NEW YORK and LOS ANGELES, July 4, 2024 /PRNewswire/ — The world of digital advancements is experiencing a phenomenal level of explosive growth, and Salesforce, a leading customer relationship management (CRM) platform, has witnessed staggering popularity and an exponential level of advancement in India. India’s robust infrastructure, coupled with its incredibly skilled developers, has made it an attractive hub for all things Salesforce. The Indian IT sector has an established history of providing world-class solutions, which renders it a reliable partner for Salesforce development initiatives. Since the Salesforce development market in India is growing, global enterprises are increasingly hunting for specialized solutions to enhance their CRM capabilities. Custom Salesforce solutions have curated a sudden spike in demand that could help firms stand out. 

This sudden need, plus the urgency of competent pricing, has led international investors to lean towards Indian workforces. Indian developers are known for their mastery of customizing Salesforce solutions to meet distinct business needs, streamline operations, and ensure seamless CRM integrations. The talented pool of Salesforce developers at competitive pricing makes for an appealing option for businesses looking to optimize their CRM investments. Indian developers are known for their creative approach, favorable time zones for extended working hours, understanding of global practices, and constant thinking outside the box to render the best-in-class modern solutions to overcome complex Salesforce-driven business challenges. That’s where Hyperlink InfoSystem struck the chord and cemented its position as India’s leading Salesforce development company.
Hyperlink InfoSystem has emerged as a frontrunner in Salesforce development solutions and has become the ultimate powerhouse for custom CRM solutions. Their dedication to excellence has helped them maintain a steady track record spanning over a decade, with several successful Salesforce project deliveries. Hyperlink InfoSystem utilizes best-in-class technologies such as AI, Big Data, and IoT to craft bespoke Salesforce solutions to meet every business’s unique needs. They place a strong emphasis on client requirements to deliver custom solutions for driving measurable results. From consultation and integration to support and customization, Hyperlink InfoSystem offers end-to-end Salesforce development services, ensuring a seamless transition to the CRM. With a commitment to Agile methodologies and certified Salesforce developers, they follow only the best practices in the industry.
“We are extremely honored to be recognized as India’s leading Salesforce development company,” said Mr. Harnil Oza, CEO of Hyperlink InfoSystem. This achievement showcases our team’s commitment and dedication to delivering immaculate solutions that promote the company’s success. He added, “We at Hyperlink InfoSystem think that Salesforce can change how businesses run and engage with their customers and staff. And we will keep pushing the envelope of innovation to provide each client with immaculate Salesforce solutions.”
Looking forward, Hyperlink InfoSystem is committed to staying one step ahead of all Salesforce innovations. Their whole focus is on helping companies realize the full potential of Salesforce, which can result in remarkable customer experiences and growth that is truly transformative. This will be achieved by consistently incorporating the newest features and functionality into their development processes. By providing scalable and adaptable Salesforce solutions, businesses can smoothly future-proof their operations.
About Hyperlink InfoSystem
Hyperlink InfoSystem is a prominent international enterprise excelling in IT solutions in many domains. Since its humble beginnings in 2011, its specialization in technologies has expanded across web development, mobile app development, enterprise software solutions, and now Artificial Intelligence (AI). With over 1200+ employees and a global presence in the USA, UK, UAE, France, India, and Canada, Hyperlink InfoSystem is dedicated to assisting corporations to leverage the complete power of technology to accomplish their goals.
Contact Details:Hyperlink InfoSystemHarnil [email protected]
New York Address:One World Trade Center285 Fulton Street suite 8500,New York, NY 10007,United States
Mumbai Address:Level 8, Vibgyor Towers C 62,G Block Bandra Kurla Complex,Mumbai, Maharashtra 400098
London Address:Level 30, The Leadenhall Building,122 Leadenhall Street,London EC3V 4AB
Canada Address:151 Yonge Street, 11th Floor,Toronto, Ontario, M5C 2W7,Canada
Logo: https://mma.prnewswire.com/media/2429933/Hyperlink_InfoSystem_Logo.jpg
 

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