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TuanChe Limited Announces Results of Annual General Meeting of Shareholders

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BEIJING, Oct. 19, 2020 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced the results of the Company's 2020 Annual General Meeting of Shareholders ("2020 AGM") held on October 19, 2020, at 10:00 a.m. China Standard Time in Beijing, China. Each of the proposals submitted for shareholder approval at the 2020 AGM has been approved. Specifically, the shareholders have passed resolutions approving:

  1. The ratification of the appointment of Mr. Fei Han as an independent Director of the Board, and as a member of the nominating and corporate governance committee and the audit committee; and
  2. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2020.

About TuanChe

Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading omni-channel automotive marketplace in China. TuanChe offers services to connect automotive consumers with various industry players such as automakers, dealers and other automotive service providers. TuanChe provides automotive marketing and transaction related services by integrating its online platforms with offline sales events. Through its integrated marketing solutions, TuanChe turns individual and isolated automobile purchase transactions into large-scale collective purchase activities by creating an interactive many-to-many environment. TuanChe also provides virtual dealership services by connecting automakers and franchised dealerships with secondary dealers, which ultimately helps automakers penetrate and expand into lower-tier cities. Furthermore, leveraging its proprietary data analytics and advanced digital marketing system, TuanChe's online marketing service platform helps industry customers increase the efficiency and effectiveness of their advertising placements. For more information, please contact ir@tuanche.com.

For investor and media inquiries, please contact:

TuanChe Limited
Cynthia Tan
Tel: +86 (10) 6398-6232
Email: ir@tuanche.com

The Piacente Group, Inc.

Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com

Yang Song
Tel: +86 (10) 6508-0677
Email: tuanche@tpg-ir.com

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About TC

团车网(团圆网络科技(北京)有限公司旗下网站)成立于2009年,历经多家国际顶尖的风险基金投资和近5年的发展,现已成为中国最大的新车互联网交易平台。基于互联网和移动互联网的快速发展,团车网正在打造集新车、二手车交易和汽车后服务为一体的综合o2o平台。本着服务消费者“让买车用车更省钱”的核心理念,我们的愿景是成为中国最大的汽车交易和服务平台,业务覆盖新车、二手车、汽车后服务市场,构建全产业链闭环体系。团车网致力于为中国汽车消费者及商家提供完善的服务性解决方案。 新车团购服务(团车互联网信息服务(北京)有限公司,是团车网全资子公司)是团车网的核心业务,已经陆续覆盖全国30多个城市。本着“诚信、透明、高效、低价”的宗旨,我们致力于让中国所有的汽车消费者,都能以最低价买放心车,不花冤枉钱,真正做到省钱、省时、省心、省事。发展至今,团车网已成功为近30万个家庭实现了自己的汽车梦。 二手车业务(团车(北京)旧机动车经纪有限公司,是团车网全资子公司)创立于2014年初,本着“高价卖旧车,低价团新车”的宗旨,致力于为升级换代的汽车消费者免费提供旧车交易和报废服务,并且提供一体化一站式的置换新车解决方案,打造最好的用户体验。在北京仅用不到一年的时间,就已经成为了行业的领军龙头老大。 团车网的发展历程就如已成功的互联网巨头一样,目前已完成c轮融资,累计融资总额近5000万美元,团车网的发展也即将进入一个新的快车道。随着我们的愿景逐步实现,在不久的未来,登陆纽交所或纳斯达克也将成为一个水到渠成的里程碑!不忘初心、方得始终,我们希望找到志同道合的你一起加入,一起谱写属于自己的神话!