Cheche Group Announces Extraordinary General Meeting

The proposed Class C shares would each carry 300 votes, while the total number of authorized shares would remain unchanged.

Rhea-AI Summary

Cheche Group (NASDAQ: CCG) will hold an extraordinary general meeting on November 25, 2026, to consider a new share class. The proposed Class C ordinary shares would carry 300 votes per share.

Shareholders will vote on reclassifying 10,000,000 authorized but unissued Class B shares as Class C shares. Total authorized shares would remain 142,857,143, comprising 114,285,714 Class A, 18,571,429 Class B and 10,000,000 Class C shares. The proposals also include replacing the current memorandum and articles of association to establish the new class and its rights. These changes remain subject to shareholder approval.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Proposed Class C shares would carry 300 votes each, creating a high-vote share class.

Key Figures

Class C voting rights: 300 votes per share Class C authorized shares: 10,000,000 shares Class B reclassification: 10,000,000 shares +2 more

Class C voting rights

300 votes per share

Proposed Class C ordinary shares

Class C authorized shares

10,000,000 shares

Proposed amended share capital

Class B reclassification

10,000,000 shares

Proposed reclassification to Class C ordinary shares

Total authorized shares

142,857,143 shares

Proposed share capital amendment

Meeting date

November 25, 2026

Extraordinary general meeting to consider the proposed resolutions

Key Terms

par value, authorized share capital

2 terms

par value financial

"each with a par value of US$0.00035"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

authorized share capital financial

"that the authorized share capital of the Company be amended"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, Nov. 5, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on November 25, 2026, Beijing time (9 P.M. on November 24, 2026, U.S. Eastern time) at 8/F, Desheng Hopson Fortune Plaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing 100088, China. The Company has established the close of business on November 5, 2026, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof. The purpose of the Meeting includes, among others:

(1) to approve by ordinary resolution the creation of a new class of ordinary shares of the Company designated as class C ordinary shares, each with a par value of US$0.00035 (the "Class C Ordinary Shares"), with the rights and restrictions set forth in the proposed third amended and restated memorandum and articles of association of the Company (the "New M&A"), including 300 votes per Class C Ordinary Share;

(2) to approve by ordinary resolution that the authorized share capital of the Company be amended:

(i) FROM: US$50,000 divided into 142,857,143 shares comprising (i) 114,285,714 class A ordinary shares of a par value of US$0.00035 each, and (ii) 28,571,429 class B ordinary shares of a par value of US$0.00035 each,

(ii) TO: US$50,000 divided into 142,857,143 shares comprising (i) 114,285,714 class A ordinary shares of a par value of US$0.00035 each; (ii) 18,571,429 class B ordinary shares of a par value of US$0.00035 each; and (iii) 10,000,000 class C ordinary shares of a par value of US$0.00035 each;

(3) to approve by ordinary resolution that 10,000,000 authorized but unissued class B ordinary shares of the Company of a par value of US$0.00035 each be re-classified as 10,000,000 class C ordinary shares of the Company of a par value of US$0.00035 each with the rights attached to it in the New M&A; and

(4) to approve by special resolution the amendment and restatement of the Company's second amended and restated memorandum and articles of association currently in effect (the "Current M&A") be replaced in their entirety with the New M&A to provide for, among other things, the creation and rights of the Class C Ordinary Shares.

Copies of the notice of the Meeting and the form of proxy are available on the Company's corporate investor relations website at https://ir.chechegroup.com/.

Safe Harbor Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

Cheche Group Inc.:
IR@chechegroup.com

Crocker Coulson
crocker.coulson@aumadvisors.com
(646) 652-7185

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SOURCE Cheche Group Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share-class changes will Cheche Group shareholders vote on?

Shareholders will consider creating Class C ordinary shares with 300 votes each and reclassifying 10,000,000 authorized but unissued Class B shares into that class. The proposals would leave total authorized shares unchanged and replace the current memorandum and articles of association to establish the new class and its rights.

Who can vote at Cheche Group's extraordinary general meeting, and where are the proxy materials?

Shareholders entitled to notice and voting are determined as of the close of business on November 5, 2026, Eastern time. The meeting notice and proxy form are available at https://ir.chechegroup.com/. The meeting takes place at 10 A.M. Beijing time on November 25, 2026, equivalent to 9 P.M. U.S. Eastern time on November 24, at 8/F, Desheng Hopson Fortune Plaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing, China.