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Cheche Group (NASDAQ: CCG) enacts 35-for-1 share consolidation to aid Nasdaq compliance

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cheche Group Inc. approved and is implementing a 35-for-1 share consolidation of its Class A and Class B ordinary shares. The change is expected to become effective as of the opening of business on July 20, 2026, U.S. Eastern time, subject to Nasdaq’s processing and remaining administrative procedures. After effectiveness, every 35 existing shares will be combined into 1 share, and the Class A shares will continue trading on Nasdaq under “CCG” with a new CUSIP/CINS and ISIN.

Immediately before the consolidation, Cheche has 69,093,430 Class A and 18,596,504 Class B shares outstanding; this is expected to become 1,974,098 Class A and 531,328 Class B shares afterward, with fractional entitlements rounded to the nearest whole share. Outstanding warrants and their exercise prices will be adjusted proportionately. The consolidation is intended to help the company regain compliance with Nasdaq’s minimum bid price requirement and is designed to affect all shareholders uniformly, aside from minor rounding effects.

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Insights

Cheche is enacting a 35-for-1 reverse split to support Nasdaq bid-price compliance.

Cheche Group is consolidating every 35 Class A and Class B ordinary shares into one share, effective around July 20, 2026, pending Nasdaq processing. This reduces the share count from 69,093,430 to 1,974,098 Class A shares and from 18,596,504 to 531,328 Class B shares, while keeping overall ownership percentages largely unchanged.

The company states the move is intended to enable compliance with Nasdaq’s minimum bid price requirement, a common reason for reverse splits. Warrants will be adjusted so that both the number of shares issuable and the exercise price change proportionately, preserving their economic terms. Because fractional entitlements are rounded to the nearest whole share, there may be small deviations from a strict 35-for-1 ratio, but these effects are limited.

Share consolidation ratio 35-for-1 Every thirty-five issued and outstanding Class A and Class B ordinary shares will be consolidated into one share
Class A shares before consolidation 69,093,430 shares Immediately prior to the effective time of the Share Consolidation
Class A shares after consolidation 1,974,098 shares Expected immediately following the effective time of the Share Consolidation
Class B shares before consolidation 18,596,504 shares Immediately prior to the effective time of the Share Consolidation
Class B shares after consolidation 531,328 shares Expected immediately following the effective time of the Share Consolidation
New par value per share US$0.00035 Par value of each Class A and Class B ordinary share after the 35-for-1 Share Consolidation
Effective date July 20, 2026 Share Consolidation expected to become effective as of opening of business, U.S. Eastern time
Share Consolidation financial
"Cheche Group Inc. announced that it will effect a 35-for-1 share consolidation"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
minimum bid price requirement financial
"The Share Consolidation is intended to enable the Company to regain compliance with Nasdaq’s minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
warrants financial
"The Company’s warrants are expected to continue trading on Nasdaq under the existing trading symbol “CCGWW”"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
CUSIP/CINS financial
"Class A ordinary shares are expected to trade ... under the new CUSIP/CINS number G20707124"
ISIN financial
"and new ISIN KYG207071245"
A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.
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FAQ

What share consolidation did Cheche Group Inc. (CCG) announce?

Cheche Group announced a 35-for-1 share consolidation of its Class A and Class B ordinary shares. Every 35 existing shares will be combined into 1 share, changing only share count and par value, not underlying ownership percentages aside from rounding.

When will Cheche Group’s 35-for-1 share consolidation take effect?

The share consolidation is expected to become effective as of the opening of business on July 20, 2026, U.S. Eastern time, subject to Nasdaq’s processing and completion of remaining administrative procedures.

How will Cheche Group’s (CCG) outstanding shares change after the consolidation?

Immediately before the consolidation, Cheche has 69,093,430 Class A and 18,596,504 Class B shares outstanding. Afterward, it is expected to have 1,974,098 Class A and 531,328 Class B shares outstanding, with fractional shares rounded.

Why is Cheche Group (CCG) implementing a 35-for-1 share consolidation?

Cheche states the share consolidation is intended to enable compliance with Nasdaq’s minimum bid price requirement. Consolidating shares typically boosts the per-share trading price without changing overall company value or proportional ownership, aside from rounding.

How will Cheche Group’s warrants be affected by the share consolidation?

Cheche’s warrants will continue trading under symbol CCGWW, with proportionate adjustments to the number of Class A shares issuable and the warrants’ exercise price so that their economic terms reflect the 35-for-1 share consolidation.

Will Cheche Group’s (CCG) share consolidation change shareholder ownership percentages?

The consolidation is expected to affect all shareholders uniformly and not alter percentage ownership in the company’s equity, other than minor differences that may result from rounding of fractional share entitlements.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number 001-41801

 

Cheche Group Inc.

 

8/F, Desheng Hopson Fortune Plaza

13-1 Deshengmenwai Avenue

Xicheng District, Beijing 100088, China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

EXPLANATORY NOTE

 

The document attached as exhibit 99.1 to this Form 6-K are hereby incorporated by reference into the registration statements on Form F-3 (File Nos.: 333-287000 and 333-274806) of the Company, filed with the U.S. Securities and Exchange Commission and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Dated: July 10, 2026
     
  By: /s/ Lei ZHANG
  Name:  Lei ZHANG
  Title: Chief Executive Officer and Director

 

 

 

 

EXHIBIT INDEX

 

Exhibit Number   Description
99.1   Press Release

 

 

 

Exhibit 99.1

 

Cheche Group Announces 35-for-1 Share Consolidation

 

BEIJING, China – July 10, 2026 – Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that it will effect a 35-for-1 share consolidation of its Class A ordinary shares and Class B ordinary shares (the “Share Consolidation”).

 

The Share Consolidation was approved by the Company’s shareholders at the extraordinary general meeting duly convened and held on June 12, 2026, Beijing time (June 11, 2026, U.S. Eastern time). Pursuant to the shareholders’ approval and the authority granted thereunder, the Company has determined that the Share Consolidation is expected to become effective as of the opening of business on July 20, 2026, U.S. Eastern time, subject to Nasdaq’s processing and the completion of the remaining administrative procedures.

 

Beginning with the opening of trading on, the Company’s Class A ordinary shares are expected to trade on a post-Share Consolidation basis on Nasdaq under the existing trading symbol “CCG” and under the new CUSIP/CINS number G20707124 and new ISIN KYG207071245.

 

At the effective time of the Share Consolidation, every thirty-five (35) issued and outstanding Class A ordinary shares of par value US$0.00001 each will be consolidated into one (1) Class A ordinary share of par value US$0.00035 each. Every thirty-five (35) issued and outstanding Class B ordinary shares of par value US$0.00001 each will also be consolidated into one (1) Class B ordinary share of par value US$0.00035 each. Immediately prior to the effective time of the Share Consolidation, the Company has 69,093,430 Class A ordinary shares and 18,596,504 Class B ordinary shares outstanding. Immediately following the effective time of the Share Consolidation, the Company is expected to have 1,974,098 Class A ordinary shares and 531,328 Class B ordinary shares outstanding.

 

No fractional shares will be issued in connection with the Share Consolidation. Any fractional share entitlements resulting from the Share Consolidation will be rounded to the nearest whole share. As a result of such rounding, the number of issued and outstanding shares after the Share Consolidation may differ slightly from the number that would result from a strict application of the 35-for-1 ratio.

 

The Company’s warrants are expected to continue trading on Nasdaq under the existing trading symbol “CCGWW”. In connection with the Share Consolidation, proportionate adjustments will be made to the Company’s outstanding warrants in accordance with the terms of the warrant agreement. As a result, the number of Class A ordinary shares issuable upon exercise of the warrants and the applicable exercise price will be proportionately adjusted to reflect the 35-for-1 Share Consolidation.

 

The Share Consolidation is intended to enable the Company to regain compliance with Nasdaq’s minimum bid price requirement. The Share Consolidation will affect all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity, except for adjustments that may result from the treatment of fractional shares entitlements.

 

 

 

 

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

(646) 652-7185

 

 

Filing Exhibits & Attachments

1 document