Cheche Group (NASDAQ: CCG) CEO Lei Zhang reports major Class B stake

Rhea-AI Filing Summary

Cheche Group Inc. director and Chief Executive Officer Lei Zhang filed an initial ownership report showing his equity position in the company. He holds 17,500 shares of Class A Common Stock directly and is also reported as having an indirect interest in 18,596,504 Class B Ordinary Shares.

The footnotes explain that these Class B shares are directly held by Hugou Inc., which is ultimately controlled through Teton Trust, for which Lei Zhang is the settlor and investment advisor and is deemed to have sole voting and dispositive power over those shares. This filing records ownership; it does not report new share purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhang Lei

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 17,500 shares (Direct); Class B Common Stock — 18,596,504 shares (Indirect, By Teton Trust.)

Footnotes (1)

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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1. Name and Address of Reporting Person^*

Zhang Lei

(Last) (First) (Middle)

8/F, DESHENG HOPSON FORTUNE PLAZA, 13-1

DESHENGMENWAI AVENUE, XICHENG DISTRICT

(Street)

BEIJING F4 100088

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Cheche Group Inc. [ CCG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	17,500	D
Class B Common Stock	18,596,504	I	By Teton Trust.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represent 18,596,504 Class B Ordinary Shares directly held by Hugou Inc., a company incorporated in the British Virgin Islands, which is wholly owned by EL Capitan Inc., a company incorporated in the British Virgin Islands. GIL Trust Limited is the sole shareholder of EL Capitan Inc., and acts as the trustee for Teton Trust. Mr. Lei Zhang is the settlor and investment advisor of Teton Trust, and therefore is deemed to have the sole voting and dispositive power over the 18,596,504 Class B Ordinary Shares directly held by Hugou Inc. Hugou Inc. acquired the 18,596,504 Class B Ordinary Shares from Mutong Holding Limited (which is wholly owned by Lei Zhang) in October 2024 for no consideration. The registered address of Hugou Inc. is Craigmuir Chambers, Tortola, Road Town VG1110, British Virgin Islands.

	/s/ Lei Zhang	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Lei Zhang’s Form 3 filing for Cheche Group Inc. (CCG) show?

The Form 3 shows Lei Zhang’s initial ownership in Cheche Group Inc., including 17,500 Class A shares held directly and an indirect interest in 18,596,504 Class B shares held through a trust and related entities.

How many Cheche Group Inc. (CCG) Class A shares does Lei Zhang directly hold?

Lei Zhang directly holds 17,500 shares of Class A Common Stock of Cheche Group Inc. This reflects his personal direct ownership position, separate from the larger block of Class B shares held indirectly through Hugou Inc. and Teton Trust structures.

What is the size of Lei Zhang’s indirect Class B share interest in Cheche Group Inc. (CCG)?

Lei Zhang is deemed to have sole voting and dispositive power over 18,596,504 Class B Ordinary Shares of Cheche Group Inc., which are directly held by Hugou Inc. and ultimately controlled through Teton Trust and related holding entities.

How are the 18,596,504 Class B shares of Cheche Group Inc. (CCG) held for Lei Zhang?

The 18,596,504 Class B Ordinary Shares are directly held by Hugou Inc., wholly owned by EL Capitan Inc. GIL Trust Limited, as trustee of Teton Trust, owns EL Capitan, and Lei Zhang is settlor and investment advisor to the trust.

Did Lei Zhang buy or sell Cheche Group Inc. (CCG) shares in this Form 3 filing?

This Form 3 does not report new purchases or sales. It records Lei Zhang’s existing ownership in Cheche Group Inc., listing direct Class A holdings and an indirect interest in Class B shares held through Hugou Inc. and Teton Trust.

Why is Lei Zhang considered to have control over Cheche Group Inc. (CCG) Class B shares?

Lei Zhang is described as the settlor and investment advisor of Teton Trust, which ultimately controls Hugou Inc. As a result, he is deemed to have sole voting and dispositive power over the 18,596,504 Class B Ordinary Shares held by Hugou Inc.