Cheche Group Inc. Announces Notice of Intent by Founder and CEO Lei Zhang to Purchase Company Shares

Cheche Group (NASDAQ: CCG) announced that Founder and CEO Lei Zhang has expressed an intention to purchase company ordinary shares using personal funds.

Rhea-AI Summary

Cheche Group (NASDAQ: CCG) announced that Founder and CEO Lei Zhang has expressed an intention to purchase company ordinary shares using personal funds. Any purchases may occur in the open market or via privately negotiated transactions, subject to securities laws and company trading policies.

Implementation, timing, volume, and total value remain at the CEO’s discretion and this is not a binding commitment. Cheche reports having reached full-year profitability in 2025 and launched an AI large model-driven auto insurance pricing product covering 20 million NEVs through collaborations with 18 major automakers.

Positive

• CEO intends to buy CCG shares using personal funds
• Potential purchases signal management confidence in long-term growth strategy
• Company reports achieving full-year profitability in 2025
• AI-driven pricing product reportedly covers 20 million new energy vehicles
• Collaborations with 18 major automakers support commercialization of AI products

Negative

• Share purchase plan is non-binding and may not result in actual purchases
• No specific amount, timeline, or size of intended share purchases disclosed

Argus May 28 session

+8.89% close to close Open Argus

Details

News Market Reaction – CCG

On May 28, the day this news came out, CCG closed 8.89% above the previous close.

Data tracked by StockTitan Argus for the May 28 session.

Key Figures

NEV coverage: 20 million new energy vehicles Automaker collaborations: 18 major automakers

NEV coverage

20 million new energy vehicles

AI large model-driven pricing product coverage

Automaker collaborations

18 major automakers

Partners using intelligent connected vehicle pricing product

Historical Context

5 past events · Latest: Apr 02

5 events

1. Apr 02

   Earnings results

   24h Move

   +1.7%

   Reported FY 2025 results with higher NEV mix and positive adjusted net income.

2. Mar 25

   Earnings scheduling

   24h Move

   -0.4%

   Announced date and logistics for second half and FY 2025 earnings call.

3. Jan 29

   Strategic cooperation

   24h Move

   -4.3%

   Unveiled AI-driven digital insurance system partnership for electric vehicles.

4. Jan 13

   Nasdaq notice

   24h Move

   -0.6%

   Received Nasdaq notice for trading below $1.00 minimum bid requirement.

5. Dec 04

   Partnership launch

   24h Move

   +0.4%

   Partnered with FAW Bestune to offer fully digital one-stop vehicle delivery service.

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

Key Terms

rule 10b-5, rule 10b5-1, form 4, schedules 13d or 13g, +2 more

6 terms

rule 10b-5 regulatory

"in strict compliance with applicable federal securities laws, including Rule 10b-5, and may be"

A U.S. securities rule that makes it illegal to lie, omit important facts, or use deceptive practices when buying or selling stocks and other securities. Think of it as a sports referee rule that keeps the playing field fair: investors rely on truthful information to decide whether to buy or sell, and violations can lead to lawsuits, fines, or forced returns of profits, which can affect a company’s stock price and investor confidence.

rule 10b5-1 regulatory

"may be made pursuant to a pre-established trading plan under Rule 10b5-1 of the Securities"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

form 4 regulatory

"The Company will disclose any executed transactions through Form 4 filings and, if applicable,"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

schedules 13d or 13g regulatory

"Form 4 filings and, if applicable, amendments to Schedules 13D or 13G filed with the U.S."

Schedules 13D and 13G are public filings that disclose when a person or group buys a significant stake (typically more than 5%) in a publicly traded company. One form (13D) is used when the buyer plans to influence company control and requires detailed, timely disclosure; the other (13G) is for passive investors with lighter reporting. Investors watch these filings like neighborhood notices showing who just bought many houses, because large stakes can signal potential strategy changes, activism, or takeover interest.

intelligent connected vehicle technical

"AI large model-driven intelligent connected vehicle pricing product, which now covers 20"

An intelligent connected vehicle is a car, truck or bus equipped with sensors, on-board software and wireless links that let it collect and share data, receive remote software updates, and support automated driving features and internet-based services. For investors, these vehicles change how value is created—shifting revenue toward software, subscriptions, data services and partnerships—so they affect future sales, service margins, regulatory risk and opportunities for recurring income, much like a smartphone turned into a platform on wheels.

new energy vehicles technical

"pricing product, which now covers 20 million new energy vehicles (NEVs). Through our"

New energy vehicles are cars and light trucks that use electricity or alternative fuels instead of relying only on gasoline or diesel, including battery electric vehicles, plug-in hybrids, and hydrogen fuel-cell models. Investors watch them because they signal shifts in consumer demand, regulation, and supply chains—like swapping an old phone for a smart one—and that shift can change sales, raw-material needs, and company valuations across automakers, battery makers, and component suppliers.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BEIJING, May 28, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder and Chief Executive Officer, Mr. Lei Zhang, has expressed his intention to purchase the Company's ordinary shares using personal funds.

These purchases demonstrate the CEO's long-term confidence in the Company's growth strategy, fundamental value, and operational execution capabilities. Mr. Zhang will execute all purchases in the open market at prevailing market prices or through privately negotiated transactions, in strict compliance with applicable federal securities laws, including Rule 10b-5, and may be made pursuant to a pre-established trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, —as well as the Company's internal insider trading compliance policies.

The ultimate implementation, timing, volume, and aggregate value of the proposed purchases will be determined at the CEO's discretion and remain subject to market conditions, capital allocation priorities, regulatory compliance frameworks, and applicable corporate trading windows and blackout periods. This announcement reflects current management intent and does not constitute a legally binding commitment or obligation to purchase, sell, or modify any securities transaction.

The Company will disclose any executed transactions through Form 4 filings and, if applicable, amendments to Schedules 13D or 13G filed with the U.S. Securities and Exchange Commission, in accordance with regulatory deadlines.

"Cheche Group reached a significant milestone by achieving full-year profitability in 2025," said Mr. Lei Zhang, Founder and Chief Executive Officer of Cheche Group. "Furthermore, we have successfully launched our proprietary, AI large model-driven intelligent connected vehicle pricing product, which now covers 20 million new energy vehicles (NEVs). Through our collaboration with 18 major automakers, we have pioneered highly precise, customized pricing models ('one profile for each individual'), effectively reshaping the traditional auto insurance operating landscape. The realization of full profitability, combined with the successful commercialization of our AI products, reinforces management's firm conviction in our growth model. This personal intent to increase my equity stake reflects my deep alignment with our shareholders and my absolute confidence in Cheche's long-term value proposition."

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@advisors.com
(646) 652-7185

View original content:https://www.prnewswire.com/news-releases/cheche-group-inc-announces-notice-of-intent-by-founder-and-ceo-lei-zhang-to-purchase-company-shares-302784377.html

SOURCE Cheche Group Inc.

FAQ

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

What did Cheche Group (NASDAQ: CCG) announce on May 28, 2026?

Cheche Group announced that CEO Lei Zhang intends to purchase company ordinary shares with personal funds. According to Cheche, any purchases will follow securities laws and internal trading policies and may occur via open market or privately negotiated transactions at prevailing market prices.

Is the Cheche Group CEO definitely buying more CCG stock?

Cheche Group’s CEO has expressed an intention to buy more CCG shares, but it is not a binding commitment. According to Cheche, the timing, volume, and aggregate value remain at his discretion and depend on market conditions and compliance requirements.

What does Lei Zhang’s planned share purchase mean for Cheche Group (CCG) shareholders?

Lei Zhang’s stated intent to buy shares suggests management alignment with existing shareholders. According to Cheche, these potential purchases reflect confidence in the company’s growth strategy, fundamental value, operational execution, and long-term value proposition, although no specific purchase size or schedule is guaranteed.

Did Cheche Group achieve full-year profitability in 2025?

Cheche Group reports reaching full-year profitability in 2025. According to Cheche, this milestone, combined with commercialization of its AI-driven auto insurance products, underpins management’s conviction in the company’s business model and supports the CEO’s personal intent to increase his equity stake.

What is Cheche Group’s AI large model-driven pricing product for NEVs?

Cheche Group has launched an AI large model-driven intelligent connected vehicle pricing product for auto insurance. According to Cheche, the solution covers 20 million new energy vehicles and, via partnerships with 18 major automakers, enables highly precise, customized pricing models for individual drivers.

How will investors know when Cheche Group’s CEO buys CCG shares?

Investors will learn about any CEO share purchases through required U.S. SEC filings. According to Cheche, transactions will be disclosed via Form 4 and, if relevant, amendments to Schedules 13D or 13G, filed in line with applicable regulatory deadlines.