Chinese marketplace operator FangDD has announced that vice president and board member Li Xiao has resigned her position.
FangDD says Li's resignation was for personal reasons, and a press release stressed that the decision "was not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices."
FangDD turned a profit in H1 2023, after several years of disappointing results that raised the prospect of the company having to be delisted from the stock exchange:
The firm raised $8M via a direct offering of more than ten million shares in July this year after a further $21M convertible note agreement that was completed in February.
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