Cheche Group Inc. Granted Additional 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule

Cheche Group (NASDAQ: CCG) announced that Nasdaq has granted an additional 180-day extension to regain compliance with the US$1.00 minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Rhea-AI Summary

Cheche Group (NASDAQ: CCG) announced that Nasdaq has granted an additional 180-day extension to regain compliance with the US$1.00 minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). The initial 180-day period expired on July 13, 2026, and the new compliance deadline is January 11, 2027. If, within this new period, Cheche’s Class A ordinary shares close at or above US$1.00 for at least 10 (and generally not more than 20) consecutive business days, Nasdaq is expected to confirm that the company has regained compliance. Failure to meet the requirement by the new deadline may subject the company’s shares to delisting from Nasdaq, although Cheche could then request a review by a Nasdaq Hearings Panel.

Positive

• 180-day Nasdaq compliance extension to January 11, 2027
• Clear compliance path via US$1.00 bid price for 10–20 days

Negative

• Risk of Nasdaq delisting if bid price not restored by January 11, 2027

Argus Jul 15 session 4 alerts

+4.31% close to close 0.3x rel. volume Open Argus

Details

Market move: CCG +4.31% in the Jul 15 session. minimum bid-price compliance extension

+12.1% Peak Tracked

$38.38M Market Cap

On Jul 15, the day this news came out, CCG closed 4.31% above the previous close. Argus tracked a peak move of +12.1% during that session. Our momentum scanner recorded 4 alerts for this stock that day.

Data tracked by StockTitan Argus for the Jul 15 session.

Key Figures

Minimum bid price: US$1.00 per share Extension length: 180 calendar days New compliance deadline: January 11, 2027 +1 more

Minimum bid price

US$1.00 per share

Nasdaq Listing Rule 5550(a)(2) requirement

Extension length

180 calendar days

Additional period granted by Nasdaq to regain compliance

New compliance deadline

January 11, 2027

Date by which bid price must meet Nasdaq rule

Compliance window

10–20 consecutive business days

Required period with closing bid at or above US$1.00

Historical Context

5 past events · Latest: Jun 24

5 events

1. Jun 24

   AI product launch

   24h Move

   -5.5%

   Introduced Cheche Score AI-driven dynamic pricing model for NEV insurance.

2. Jun 22

   AI product launch

   24h Move

   -6.0%

   Launched ABAO Agent AI-powered intelligent underwriting solution for renewals.

3. Jun 12

   Shareholder meeting results

   24h Move

   -3.7%

   EGM approved 35‑to‑1 share consolidation and updated governing documents.

4. May 28

   AI pricing rollout

   24h Move

   +8.9%

   Launched AI large model-driven intelligent connected vehicle pricing product.

5. May 28

   EGM announcement

   24h Move

   +8.9%

   Called EGM to vote on 35‑for‑1 share consolidation and related matters.

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

Key Terms

minimum closing bid price, class a ordinary shares, nasdaq hearings panel

3 terms

minimum closing bid price regulatory

"to regain compliance with the minimum closing bid price requirement of US$1.00"

A minimum closing bid price is the lowest share price a stock must register at market close—often set by an exchange or regulator and sometimes measured over a series of days—to keep the stock listed. Think of it like a minimum score a team must maintain to stay in a league; falling below it can trigger warnings, delisting risk, or corporate fixes such as reverse stock splits, and so it matters because it affects liquidity, investor access and the value and tradability of shares.

class a ordinary shares financial

"Cheche Group Inc's Class A ordinary shares closes at or above US$1.00"

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.

nasdaq hearings panel regulatory

"the Company may request a review of the delisting determination by a Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

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

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BEIJING, July 15, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that on July 14, 2026, it received notification from The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq approved the Company's request for an additional 180-calendar day extension (the "Extension") to regain compliance with the minimum closing bid price requirement of US$1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Rule").

The Extension follows the expiration on July 13, 2026 of the initial 180-calendar day period to regain bid price compliance. As a result of the Extension, the Company now has until January 11, 2027 to regain compliance with the Rule (the "New Compliance Period"). If during the New Compliance Period, the bid price for Cheche Group Inc's Class A ordinary shares closes at or above US$1.00 per share for a minimum of 10, though generally not more than 20, consecutive business days, it is expected that Nasdaq would formally notify the Company that it has regained compliance with the Rule.

If the Company does not regain compliance with the Rule by January 11, 2027, it may be subject to delisting from Nasdaq. At that time, the Company may request a review of the delisting determination by a Nasdaq Hearings Panel.

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
+1 (646) 652-7185

View original content:https://www.prnewswire.com/news-releases/cheche-group-inc-granted-additional-180-day-extension-by-nasdaq-to-regain-compliance-with-minimum-bid-price-rule-302826197.html

SOURCE Cheche Group Inc.

FAQ

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

What did Nasdaq decide about Cheche Group (NASDAQ: CCG) minimum bid price on July 14, 2026?

Nasdaq approved Cheche Group’s request for an additional 180-day extension to meet the US$1.00 minimum bid price rule. According to Cheche Group, this gives more time to regain compliance and maintain its Nasdaq listing.

What is the new compliance deadline for Cheche Group (CCG) to meet Nasdaq’s US$1.00 bid price rule?

Cheche Group has until January 11, 2027 to regain compliance with Nasdaq Listing Rule 5550(a)(2). According to Cheche Group, this New Compliance Period follows the initial 180-day window that expired on July 13, 2026.

How can Cheche Group (NASDAQ: CCG) regain compliance with Nasdaq’s minimum bid price rule?

Cheche Group can regain compliance if its Class A ordinary shares close at or above US$1.00 for at least 10 consecutive business days. According to Cheche Group, Nasdaq generally requires no more than 20 such days to confirm compliance.

What happens if Cheche Group (CCG) does not reach a US$1.00 bid price by January 11, 2027?

If Cheche Group does not regain compliance by January 11, 2027, its shares may be subject to Nasdaq delisting. According to Cheche Group, it could then request a review of any delisting determination by a Nasdaq Hearings Panel.

Why is Cheche Group’s (NASDAQ: CCG) minimum bid price important for its Nasdaq listing?

Maintaining a minimum US$1.00 bid price is required under Nasdaq Listing Rule 5550(a)(2). According to Cheche Group, failing this standard could lead to delisting, so meeting the bid price threshold is key to keeping its Nasdaq listing.

How long is the additional Nasdaq extension period granted to Cheche Group (CCG)?

The additional extension period is 180 calendar days, running to January 11, 2027. According to Cheche Group, this follows the initial 180-day window that ended July 13, 2026, effectively providing a second compliance opportunity.