Mark Long

Allen Klee

Derek Greenberg

Fan Gao

Sicong Chen

Steven Silver

- **Cheche Group Inc. (CCG)** announced on **September 19, 2025**, that it has **regained compliance** with Nasdaq's Minimum Bid Price Requirement.  **[1965473_0001493152-25-014154_ex99-1.htm:0]** 
- The company had previously received a notification on **June 5, 2025**, for failing to maintain a minimum bid price of **US$1.00** for 31 consecutive business days.  **[1965473_0001493152-25-014154_ex99-1.htm:0]** 
- Compliance was re-established as the closing bid price of its Class A ordinary shares remained at or above **$1.00 per share** for **12 consecutive business days** from **September 2, 2025, to September 18, 2025**.  **[1965473_0001493152-25-014154_ex99-1.htm:0]** 
- Nasdaq confirmed the compliance with a notice dated **September 18, 2025**, and the matter is now closed.  **[1965473_0001493152-25-014154_ex99-1.htm:0]**

Cheche Group Regains Nasdaq Minimum Bid Price Compliance

- **Cheche Group Inc. (CCG)** announced on **September 19, 2025**, that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Requirement.  **[1965473_20250919CN77743:0]** 
- The company previously received a notification on **June 5, 2025**, for its Class A ordinary shares trading below the **US$1.00** minimum bid price for 31 consecutive business days.  **[1965473_20250919CN77743:0]** 
- Compliance was re-established after the closing bid price remained at **$1.00 per share or greater** for **12 consecutive business days** from **September 2 to September 18, 2025**, resulting in Nasdaq closing the matter.  **[1965473_20250919CN77743:0]**

- **Cheche Group Inc. (CCG)** has expanded its strategic partnership with **Volkswagen (Anhui) Automotive Company Limited** through an agreement with Volkswagen (Anhui) Digital Sales and Services Co., Ltd. (DSSO).  **[1965473_0001493152-25-013996_ex99-1.htm:0]** 
- This expanded partnership involves Cheche providing **comprehensive risk management services** for Volkswagen Anhui’s upcoming **ID.EVO model**, covering the full spectrum from underwriting to digital claims management.  **[1965473_0001493152-25-013996_ex99-1.htm:0]** 
- The **ID.EVO** is Volkswagen’s first fully connected, full-size pure electric SUV concept.  **[1965473_0001493152-25-013996_ex99-1.htm:0]** 
- The collaboration reinforces Cheche’s position as a key enabler of **digital insurance innovation** in China’s rapidly growing **New Energy Vehicle (NEV) sector**.  **[1965473_0001493152-25-013996_ex99-1.htm:0]**

Cheche Group Expands Partnership with Volkswagen Anhui for NEV Risk Management

- Cheche Group (NASDAQ: CCG) has **expanded its strategic partnership** with Volkswagen (Anhui) Automotive Company Limited, through an agreement with Volkswagen (Anhui) Digital Sales and Services Co., Ltd. (DSSO).  **[1965473_20250917CN75826:0]** 
- Cheche will provide **comprehensive risk management services** for Volkswagen Anhui's upcoming **ID.EVO model**, covering the full spectrum from underwriting to digital claims management.  **[1965473_20250917CN75826:0]** 
- This collaboration focuses on delivering integrated, tech-enabled insurance solutions tailored to the evolving needs of the **new energy vehicle (NEV) market** and reinforces Cheche's position in this sector.  **[1965473_20250917CN75826:0]**

Cheche Group Expands Partnership with Volkswagen Anhui

- Cheche Group Inc. reported **net revenues of RMB1,348.7 million (US$188.3 million)** for the six months ended June 30, 2025, a decrease from RMB1,639.0 million in the same period of 2024.  **[1965473_0001493152-25-013708_ex99-2.htm:0]** 
- The company's **net loss improved to RMB25.6 million (US$3.6 million)** and **adjusted net loss was RMB10.5 million (US$1.5 million)** for the six months ended June 30, 2025, both showing improvement compared to the prior year period.  **[1965473_0001493152-25-013708_ex99-2.htm:0]** 
- As of June 30, 2025, Cheche Group Inc. held **cash and cash equivalents of RMB149.2 million (US$20.8 million)**, and net cash used in operating activities significantly decreased to **(RMB8,645) thousand** for the six months ended June 30, 2025.  **[1965473_0001493152-25-013708_ex99-2.htm:3]** **[1965473_0001493152-25-013708_ex99-1.htm:3]**

Cheche Group Inc. Reports Financial Results for Six Months Ended June 30, 2025

- Cheche Group reported **H1 2025 net revenues** of **RMB1348.7 million** (**US188.3 million**), a **17.7% decrease** year-over-year, primarily due to lower service fee rates for NEV premiums, which now represent **22.5%** of total written premiums.  **[1965473_tx_355287_3]** 
- Despite lower net revenues, **gross profit increased 1.7%** to **RMB65.8 million** (**$9.2 million**), and **adjusted net loss improved 56.9%** to **RMB10.5 million** (**$1.5 million**), reflecting improved business structure and operational efficiency.  **[1965473_tx_355287_3]** 
- The company's NEV insurance business showed strong growth in H1 2025, with policies transacted exceeding **810,000** (up **135%**) and written premiums reaching **RMB2.6 billion** (up **150%**).  **[1965473_tx_355287_1]** **[1965473_tx_355287_3]**  Cheche Group aims to increase its NEV market share in China from the current **10%** to **30-40%** over the next **three to five years**.  **[1965473_tx_355287_4]** 
- Cheche Group is on track to achieve **full year adjusted operating profitability in 2025** and expects its new AI-driven solutions and services to contribute **RMB300 million to RMB500 million** in revenue over the next **three to five years**.  **[1965473_tx_355287_1]** **[1965473_tx_355287_6]**  The company also plans global expansion, with overseas business becoming a key growth engine starting in **2026**.  **[1965473_tx_355287_2]** **[1965473_tx_355287_4]**

Cheche Group (CCG)