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DUO vs NYC

Fangdd Network Group Ltd. Class A Ordinary Shares and American Strategic Investment Co.

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Fangdd Network Group Ltd. Class A Ordinary Shares

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. The company operates Property Cloud, a software as a service solution for real estate sellers; and marketplace services. It also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services. In addition, it operates Fangduoduo that offers personalized services to potential real estate buyers; and provides information matching, asset management, and real estate agency services. The company was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China.

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American Strategic Investment Co.

American Strategic Investment Co. (including, New York City Operating Partnership L.P., (the "OP") and its subsidiaries, the "Company") is an externally managed company that currently owns a portfolio of commercial real estate located within the five boroughs of New York City, primarily Manhattan. The Company's real estate assets consist of office properties and certain real estate assets that accompany office properties, including retail spaces and amenities. As of June 30, 2025, the Company owned six properties consisting of 1.0 million rentable square feet. Substantially all of the Company's business is conducted through the OP and its wholly-owned subsidiaries. The Company's advisor, New York City Advisors, LLC (the "Advisor"), manages the Company's day-to-day business with the assistance of the Company's property manager, New York City Properties, LLC (the "Property Manager"). The Advisor and Property Manager are under common control with AR Global Investments, LLC ("AR Global") and these related parties receive compensation and fees for providing services to the Company. The Company also reimburses these entities for certain expenses they incur in providing these services.

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