The Shanghai Sharks fell in heartbreaking fashion as Leopards guard Jermey Pargo connected on a jumper with less than a second ago to push Shenzhen to the 103-101 win on Wednesday.
It was the Sharks second straight loss after dropping just two games in their 23 games.
Pargo led the way for the Leopards who improved to 17-8 on the season with 31 points on 10 for 22 shooting from the floor and 10 for 13 from the foul line with eight rebounds and three assists in 44 minutes.
Muhao Li added 22 points and six rebounds while Former NBA big man Maciej Lampe totaled 15 points and seven boards.
Fredette led the Sharks in scoring with 30 points on 10 for 25 shooting from the floor, including 5 for 9 from beyond the arc and 5 for 5 from the free-throw line. He added five rebounds and four assists in 35:42 of action.
Guerschon Yabusele also put up some big numbers with 28 points on 10 for 17 shooting from the field while adding a game-high 15 rebounds, three steals, two assists and two blocks.
With the loss, the Sharks are now in a tie for first place with the Guandong Southern Tigers who beat Fujian 123-113.
Heading into the all-star break, Fredette is averaging a league-leading 38.4 points on 49.4 percent shooting from the floor, including 40.9 percent from 3-point range and 92.7 percent from the free-throw line. He also averages 8.8 rebounds, 4.7 assists and 1.9 steals.
Following the all-star break, Fredette and the Sharks will square off against the Jilin Northeast Tigers on Wednesday. The Tigers are just 11-14 on the season, but did beat the Sharks 104-103 when the two teams met in November.
Some players to watch for the Tigers are Malcolm Thomas and Jabari Brown. Thomas is averaging 21.6 points, a league-leading 17.1 rebounds and 3.4 assists while Brown contributes 31.9 points, 4.2 rebounds and 2.9 assists.