SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Amendment No. 1 

Under the Securities Exchange Act of 1934

Fangdd Network Group Ltd.  

(Name of Issuer)

Class A Ordinary Shares, par value $0.0005625 per share

(Title of Class of Securities)

KYG331471105

(CUSIP Number)

October 3, 2024

(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 the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and Exchange Act of 1934 (the “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.  KYG331471105 13G/A Page 2 of 5 Pages

1	NAME OF REPORTING PERSONS
	L1 Capital Global Opportunities Master Fund, Ltd.
2	CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
	(a)  ☐
	(b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Cayman Islands
		5	SOLE VOTING POWER
			0
NUMBER OF		6	SHARED VOTING POWER
SHARES
BENEFICIALLY			0
OWNED BY		7	SOLE DISPOSITIVE POWER
EACH REPORTING
PERSON WITH			0
		8	SHARED DISPOSITIVE POWER
			0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0%
12	TYPE OF REPORTING PERSON
	FI

CUSIP No.  KYG331471105 13G/A Page 3 of 5 Pages

Item 1.

(a) Name of Issuer:

Fangdd Network Group Ltd.

  (b)   Address of Issuer’s Principal Executive Offices:

Room 1501, Shangmei Technology Building

No. 15 Dachong Road

Nanshan District, Shenzhen, 518072

People’s Republic of China 

Item 2.

(a)	Name of Person Filing:
	L1 Capital Global Opportunities Master Fund, Ltd.
(b)	Address of Principal Business Office or, if none, Residence:
	161A Shedden Road, 1 Artillery Court PO Box 10085 Grand Cayman, Cayman Islands KY1-1001
(c)	Citizenship:
	Cayman Islands
(d)	Title of Class of Securities:
	Class A Ordinary Shares, par value $0.0005625 per share
(e)	CUSIP Number:
	KYG331471105

Item 3.

Not applicable.

CUSIP No. KYG331471105 13G/A Page 4 of 5 Pages

Item 4. Ownership.

(a)–(c) The information required by Items 4(a)-(c) is set forth in Rows (5)-(9) and Row (11) of the cover page and is incorporated herein by reference.

The percentage set forth on Row (11) of the cover page for the reporting person is based on 8,501,767 shares of Class A Ordinary Shares outstanding based upon the Issuer’s Prospectus on Form 424b(5) filed with the SEC on October 1, 2024, and information provided by the Issuer’s counsel and the Placement Agent concerning the exercise of pre-existing warrants. The numbers in this Schedule 13G do not give effect to the Issuer’s Class B Ordinary Shares and Class C Ordinary Shares, which are not registered pursuant to Section 12 of the Securities Exchange Act of 1934.

Item 5. Ownership of Five Percent or Less of a Class.   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒

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 Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certifications.  

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No.  KYG331471105 13G/A Page 5 of 5 Pages

SIGNATURES

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.

	By:	L1 Capital Global Opportunities Master Fund, Ltd.
October 9, 2024	By:	/s/ David Feldman
		David Feldman, Director