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TuanChe Limited (NASDAQ: TC) announced its 2021 annual general meeting of shareholders, scheduled for November 17, 2021, in Beijing. Key proposals include ratifying Marcum Bernstein & Pinchuk LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, and amending Article 78 of its Articles of Association. The record date for shareholders to receive notice is set for October 8, 2021. TuanChe operates as an omni-channel automotive marketplace in China, connecting consumers with automakers and dealers through integrated marketing solutions.

TuanChe Limited (NASDAQ: TC) reported impressive financial results for Q2 2021, with net revenues surging 141.9% to RMB132.4 million (US$20.5 million), up from RMB54.7 million in Q2 2020. Gross profit also exhibited strong growth, increasing 126.6% to RMB97.5 million (US$15.1 million). The number of auto shows organized rose 188.5% to 176 across 110 cities. However, for Q3 2021, the company anticipates revenues to decline by approximately 35-40% due to reduced offline events caused by the COVID-19 pandemic.

TuanChe Limited (NASDAQ: TC) announced the dismissal of PricewaterhouseCoopers Zhong Tian LLP as its independent auditor, effective September 13, 2021. The company reported no significant disagreements with PwC regarding accounting principles, and PwC's reports for 2019 and 2020 were unqualified. The Board appointed Marcum Bernstein & Pinchuk LLP as the new auditor. Notably, TuanChe acknowledged material weaknesses in financial reporting and control, specifically a shortage of qualified personnel and insufficient financial closing policies. The transition aims to bolster transparency and improve financial oversight.

TuanChe Limited (NASDAQ: TC) reported impressive financial results for Q1 2021, with net revenues soaring by 734.7% to RMB80.9 million (US$12.3 million) compared to RMB9.7 million last year. Gross profit skyrocketed 1,034.5% to RMB64.4 million (US$9.8 million), elevating gross margin to 79.6%. The number of organized auto shows surged 1,600%, while automobile sales transactions climbed 933.5% year-over-year. The company expects Q2 revenues between RMB120 million to RMB130 million, marking a 119.2% to 137.5% year-over-year increase.

TuanChe Limited (NASDAQ: TC) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on May 14, 2021. The report includes the Company's audited consolidated financial statements, which can be accessed via the Company's investor relations website or the SEC's site. Shareholders can request a free hard copy of the report. Founded in 2010, TuanChe is a leading omni-channel automotive marketplace in China, offering services that connect automotive consumers with industry players, enhancing sales efficiency through integrated marketing solutions.

TuanChe Limited (NASDAQ: TC) announced its unaudited financial results for Q4 and the full year 2020. Q4 net revenues fell by 9.3% to RMB165.8 million ($25.4 million), while full year revenues decreased by 48.8% to RMB330.2 million ($50.6 million). Gross profit for Q4 was RMB120.6 million ($18.5 million), down 8.7%. Although the number of auto shows and sales transactions dropped significantly, online marketing services experienced a 579.2% revenue increase. The company expects Q1 2021 revenues to climb by 684.2% to 725.5% year-over-year, driven by improved market conditions.

TuanChe Limited (NASDAQ: TC), a leading omni-channel automotive marketplace in China, will announce its fourth quarter and full year 2020 unaudited financial results on April 12, 2021, before U.S. market hours. A conference call is scheduled for the same day at 8:00 A.M. Eastern Time to discuss these results. Investors can access the earnings release and the live call through the company's investor relations website. TuanChe specializes in connecting automotive consumers with industry players, enhancing transaction efficiency via its integrated marketing solutions.

TuanChe Limited (NASDAQ: TC) announced the receipt of a non-binding proposal from Chairman and CEO Wei Wen to acquire all outstanding shares for $4.25 per American Depositary Share (ADS), representing a 22% premium over the last closing price. The acquisition aims to connect automotive consumers with market players and enhance shareholder value. A special committee will evaluate the proposal with independent advisors. The board warns shareholders that no definitive offer has been made, and no agreement is guaranteed.

TuanChe Limited (NASDAQ: TC) reported Q3 2020 unaudited financials, revealing a 26.2% decline in net revenues to RMB100.0 million (US$14.7 million) year-over-year. The gross profit decreased by 22.6% to RMB72.1 million (US$10.6 million), yet the gross margin improved to 72.1% from 68.7%. The pandemic severely impacted operations, with organized auto shows dropping by 28.3% and total transactions down 36.2%. However, online segments showed growth, with revenues from virtual dealerships rising 160.9% to RMB15.4 million (US$2.3 million). Looking ahead, Q4 revenues are projected between RMB145 million and RMB155 million, marking a 15.2% to 20.7% decline from last year.