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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.

TuanChe Limited (NASDAQ: TC), a leading omni-channel automotive marketplace in China, will release its unaudited financial results for Q3 2020 on December 18, 2020, before the U.S. market opens. Management will hold a conference call the same day at 7:30 A.M. Eastern Time to discuss the results. Investors can access the call via toll-free numbers and it will also be available online. TuanChe continues to connect automotive consumers with various industry players, enhancing efficiency through integrated online and offline services.

TuanChe Limited (NASDAQ: TC) announced a change in its American depositary Shares (ADS) ratio from one ADS representing four Class A ordinary shares to one ADS representing sixteen shares. This will effectively act as a 1-for-4 reverse ADS split, taking effect on October 22, 2020. While the ratio change is expected to increase the ADS price proportionally, no assurance is given that it will be equal to or exceed four times the prior ADS price. No action is required from ADS holders for this adjustment.

TuanChe Limited (NASDAQ: TC), an automotive marketplace in China, announced the outcomes of its 2020 Annual General Meeting of Shareholders held on October 19, 2020. Key resolutions were unanimously approved, including the appointment of Mr. Fei Han as an independent Board Director, and the ratification of PricewaterhouseCoopers Zhong Tian LLP as the independent public accounting firm for the fiscal year ending December 31, 2020. The company focuses on connecting automotive consumers with industry players and enhancing marketing efficiencies through innovative digital solutions.