Cheche Group Announces Results of Extraordinary General Meeting

Cheche Group (NASDAQ: CCG) announced that all proposals at its June 12, 2026 extraordinary general meeting were approved.

Rhea-AI Summary

Cheche Group (NASDAQ: CCG) announced that all proposals at its June 12, 2026 extraordinary general meeting were approved.

Shareholders authorized a 35‑to‑1 share consolidation for both Class A and Class B ordinary shares and approved a new memorandum and articles of association reflecting this change.

Positive

• 35-to-1 share consolidation for Class A and Class B ordinary shares approved
• Adoption of new memorandum and articles of association reflecting share consolidation

Negative

• None.

Argus Jun 12 session

-4.91% close to close Open Argus

Details

News Market Reaction – CCG

In the Jun 12 session, CCG declined 4.91%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms shareholder approval of a 35-for-1 share consolidation and related govern...

Analysis

This announcement confirms shareholder approval of a 35-for-1 share consolidation and related governance document changes. It follows earlier disclosures of Nasdaq’s US$1.00 minimum bid price notice and recent operational milestones, including 2025 results and AI-driven product launches. Investors may track how the consolidation affects trading dynamics, overall liquidity, and progress on revenue, profitability, and NEV-related growth metrics highlighted in prior earnings releases.

Key Figures

Share consolidation ratio: 35-for-1 Full-year net revenues: RMB3,009.8M Gross profit: RMB160.4M +5 more

Share consolidation ratio

35-for-1

EGM-approved consolidation of Class A and Class B ordinary shares

Full-year net revenues

RMB3,009.8M

Full year 2025 results reported April 2, 2026

Gross profit

RMB160.4M

Full year 2025, up 1.0% year over year

Operating loss

RMB20.9M

Full year 2025 improved operating loss

Adjusted net income

RMB11.6M

Full year 2025 adjusted result

NEV embedded policies

2.0M policies

Embedded NEV policies with RMB6.3B written premium in 2025

NEV written premium

RMB6.3B

2025 embedded NEV policies written premium

NEV premium mix

23.4%

NEV premium share of total for 2025

Historical Context

5 past events · Latest: May 28

5 events

1. May 28

   AI product launch

   24h Move

   +8.9%

   Announced AI large-model pricing product for intelligent connected vehicle insurance.

2. May 28

   EGM scheduling

   24h Move

   +8.9%

   Set EGM date to vote on 35-for-1 share consolidation and M&A changes.

3. May 28

   Insider purchase intent

   24h Move

   +8.9%

   Founder-CEO signaled intent to buy shares using personal funds.

4. Apr 02

   FY 2025 earnings

   24h Move

   +1.7%

   Reported higher gross profit, improved operating loss, and adjusted net income.

5. Mar 25

   Earnings call setup

   24h Move

   -0.4%

   Announced schedule and access details for earnings release and call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share consolidation, class A ordinary shares, class B ordinary shares, par value, +1 more

5 terms

share consolidation financial

"to approve and effect a share consolidation whereby every thirty-five (35) issued and unissued class A ordinary shares"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

class A ordinary shares financial

"every thirty-five (35) issued and unissued class A ordinary shares of par value of US$0.00001 each"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class B ordinary shares financial

"every thirty-five (35) issued and unissued class B ordinary shares of par value of US$0.00001 each"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

par value financial

"class A ordinary shares of par value of US$0.00001 each be consolidated into one (1) class A ordinary share"

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.

memorandum and articles of association regulatory

"to approve the amendment of the Company's memorandum and articles of association currently in effect"

Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

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

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BEIJING, June 12, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced the results of the Company's extraordinary general meeting (the "Meeting") held at 10 A.M. on June 12, 2026, Beijing time (10 P.M. on June 11, 2026, U.S. Eastern time) at 8/F, Desheng Hopson Fortune Plaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing 100088, China. The proposals submitted for shareholder approval at the EGM have been approved. Specifically, the shareholders have passed resolutions:

(1) to approve and effect a share consolidation whereby every thirty-five (35) issued and unissued class A ordinary shares of par value of US$0.00001 each be consolidated into one (1) class A ordinary share of par value US$0.00035 each (the "Class A Ordinary Share"), and every thirty-five (35) issued and unissued class B ordinary shares of par value US$0.00001 each be consolidated into one (1) class B ordinary share of par value US$0.00035 each (the "Class B Ordinary Share") (the "Share Consolidation"), subject to shareholders' approval and becoming effective on such date as determined by the chairman of the Board or any committee or any officer; and

(2) to approve the amendment of the Company's memorandum and articles of association currently in effect (the "Current M&A") and the adoption of a new memorandum and articles of association to reflect the Share Consolidation (the "New M&A").

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

 

View original content:https://www.prnewswire.com/news-releases/cheche-group-announces-results-of-extraordinary-general-meeting-302798796.html

SOURCE Cheche Group Inc.

FAQ

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

What did Cheche Group (NASDAQ: CCG) approve at its June 12, 2026 extraordinary general meeting?

Cheche Group shareholders approved all proposals at the June 12, 2026 extraordinary general meeting. According to Cheche Group, these resolutions included a 35-to-1 share consolidation for both share classes and adoption of a new memorandum and articles of association reflecting the consolidation.

What is the share consolidation ratio for Cheche Group (CCG) Class A and Class B shares?

Cheche Group approved a 35-to-1 share consolidation for both Class A and Class B ordinary shares. According to Cheche Group, every 35 issued and unissued shares of US$0.00001 par value will be consolidated into one share with US$0.00035 par value.

When will Cheche Group’s (NASDAQ: CCG) 35-to-1 share consolidation become effective?

Cheche Group’s share consolidation will become effective on a date to be determined. According to Cheche Group, the effective date will be set by the chairman of the board or an authorized committee or officer, after shareholder approval obtained at the extraordinary general meeting.

How does Cheche Group’s 2026 share consolidation affect the par value of CCG shares?

The consolidation changes the par value per share while combining multiple shares into one. According to Cheche Group, each Class A and Class B share’s par value will move from US$0.00001 to US$0.00035 as 35 existing shares become one consolidated share.

Why did Cheche Group adopt a new memorandum and articles of association in 2026?

Cheche Group adopted a new memorandum and articles of association to align its corporate documents with the approved share consolidation. According to Cheche Group, the new memorandum and articles replace the current version specifically to reflect terms of the 35-to-1 consolidation.

Does Cheche Group’s share consolidation apply to both issued and unissued CCG shares?

Yes, the consolidation covers both issued and unissued shares of each class. According to Cheche Group, every 35 issued and unissued Class A or Class B ordinary shares of US$0.00001 par value will convert into one share of US$0.00035 par value.