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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.

TuanChe Limited (NASDAQ: TC) reported significant declines in its Q2 2020 financial results due to the COVID-19 pandemic. Net revenues dropped by 73.1% to RMB 54.7 million (US$ 7.7 million), while gross profit decreased by 70.1% to RMB 43.0 million (US$ 6.1 million). Despite this, the company's gross margin increased to 78.6%. The ongoing pandemic has impacted offline events, with auto shows and transactions decreasing by 82.3% and 82.2%, respectively. However, revenues from virtual dealerships surged by 180.0% year-over-year, indicating a shift in strategy towards online services.

TuanChe Limited (NASDAQ: TC) plans to release its second-quarter 2020 unaudited financial results on September 18, 2020, before the U.S. market opens. The earnings release will be available on its investor relations website. A conference call is scheduled for the same day at 8:00 A.M. Eastern Time to discuss the results, accessible via a specified dialing system. A playback of the call will be available until September 25, 2020. TuanChe provides services connecting automotive consumers with industry players through innovative digital marketing and transaction-related solutions.

TuanChe Limited (NASDAQ: TC) will hold its 2020 annual general meeting on October 19, 2020, at 10:00 a.m. in Beijing. Two key proposals for shareholder approval include the appointment of Mr. Fei Han as an independent director and the ratification of PricewaterhouseCoopers Zhong Tian LLP as the independent auditor for the fiscal year ending December 31, 2020. The record date for shareholders to attend the meeting is set for September 15, 2020. TuanChe continues to serve as a significant omni-channel automotive marketplace in China.

TuanChe Limited (Nasdaq: TC) released its Q1 2020 earnings report, revealing significant challenges due to the COVID-19 pandemic. The company experienced a 92.1% year-over-year decline in net revenues, totaling RMB9.7 million (US$1.4 million), leading to a loss from continuing operations of US$8.3 million. The quarterly gross margin decreased to 58.6% from 72.4% a year prior, driven by a 95% decline in offline marketing services. TuanChe is implementing cost-cutting measures and focusing on enhancing its online marketing services to navigate current market challenges.

TuanChe Limited (NASDAQ: TC) reported significant financial downturns for Q1 2020, primarily due to the COVID-19 pandemic. Net revenues plummeted by 92.1% to RMB9.7 million (US$1.4 million) from RMB122.9 million. Gross profit fell by 93.6%, leading to a net loss of RMB56.5 million (US$8.0 million). Despite these challenges, TuanChe saw a 12.3% growth in revenues from virtual dealerships and online marketing services. The company aims to strengthen its online strategy and has resumed offline operations cautiously as of May 2020.

TuanChe Limited (NASDAQ: TC), an omni-channel automotive marketplace in China, will release its first quarter 2020 unaudited financial results on July 2, 2020, before U.S. market opens. The earnings report will be accessible on the company's investor relations website. Following the release, management will host a conference call on the same day at 8:00 A.M. ET to discuss the results. Participants can access the call through specific dialing numbers provided in the announcement. A live webcast will also be available.