Financial Performance - Cheche Group Inc. reported net revenues of RMB850.5 million (US$121.2 million) for Q3 2024, a 3.3% increase year-over-year [2][6] - The company achieved a net income of RMB4.1 million (US$0.6 million) for the quarter, compared to a net loss of RMB55.4 million in the same quarter last year [2][12] - Adjusted net income for the quarter was RMB2.6 million (US$0.4 million), an improvement from an adjusted net loss of RMB0.6 million in the prior-year quarter [2][12] Operational Highlights - Total written premiums for Q3 2024 increased by 4.0% to RMB5.9 billion (US$0.8 billion) compared to the prior-year period [2] - The number of policies issued in Q3 2024 rose by 5.0% to 4.2 million from 4.0 million in the prior-year quarter [2] - Partnerships with New Energy Vehicle (NEV) companies reached 14, resulting in 292,000 embedded policies and written premiums of RMB884.2 million (US$126.0 million), marking increases of 149.6% and 121.6% respectively compared to the prior-year quarter [2][4] Cost Management - Cost of revenues increased by 3.0% year-over-year to RMB808.1 million (US$115.2 million), consistent with business volume growth [7] - Selling and marketing expenses decreased by 53.6% to RMB18.1 million (US$2.6 million) due to reduced share-based compensation and staff costs [8] - General and administrative expenses fell by 41.3% to RMB20.4 million (US$2.9 million), primarily due to lower share-based compensation and professional service fees [9] Business Outlook - The company expects full-year 2024 net revenues to range from RMB3.5 billion to RMB3.7 billion, representing a growth of 6.1% to 12.1% compared to 2023 [17] - Total written premiums for the full year are anticipated to be between RMB24.5 billion and RMB26.5 billion, indicating an increase of 8.4% to 17.3% compared to the previous year [17] Strategic Partnerships - Cheche announced a partnership with Shanghai Jidu Automobile Company to diversify its partner network in the NEV industry [15] - A collaboration with Laoyou Insurance Brokerage has been initiated to roll out insurance solutions through GWM's direct-sales network in over 20 cities [15] - A strategic partnership with Tokio Marine & Nichido Fire Insurance Company aims to develop specialized insurance products and services [15]

Core Viewpoint - Cheche Group Inc. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, but this does not lead to immediate delisting and the company has a compliance period to rectify the situation [1][2]. Compliance Status - The company has been notified that its Class A ordinary share price has been below US$1.00 for 30 consecutive business days, which is a violation of Nasdaq Rule 5550(a)(2) [1]. - Cheche has a compliance period of 180 calendar days, until May 14, 2025, to regain compliance by maintaining a closing bid price of at least US$1.00 for 10 consecutive business days [2]. - If compliance is not achieved by the deadline, the company may be eligible for an additional 180-day compliance period if it meets other listing requirements [3]. Monitoring and Future Actions - The company plans to monitor its share price closely and is considering options to regain compliance with Nasdaq's minimum bid price requirement [4]. - It is currently in compliance with all other Nasdaq continued listing standards, and the notification does not impact its business operations or reporting obligations [4]. Company Overview - Cheche Group Inc. is a leading auto insurance technology platform in China, established in 2014, with a network of around 108 branches across 25 provinces [6]. - The company offers a comprehensive suite of services for digital insurance transactions and insurance SaaS solutions [6].

Core Viewpoint - Cheche Group Inc. will host a conference call to discuss its third quarter 2024 results on November 26, 2024, at 8:00 a.m. EST [1]. Group 1: Conference Call Details - The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials" [2]. - The live webcast will be accessible in the "Events" section under the "News & Events" header on the investor relations website [2]. - Dial-in numbers for the conference call include a toll-free number for participants in the U.S. and international numbers for other regions [3]. Group 2: Company Overview - Cheche Group Inc. is a leading auto insurance technology platform established in 2014 and headquartered in Beijing, China [6]. - The company has a nationwide network of approximately 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [6]. - Cheche has evolved into a comprehensive, data-driven technology platform offering a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China [6].

Core Insights - Cheche Group Inc. has entered a strategic partnership with Tokio Marine & Nichido Fire Insurance Company (China) Limited to enhance its insurance offerings and expand collaborations within the Chinese insurance market [1][2] Company Overview - Cheche Group Inc. is a leading auto insurance technology platform in China, established in 2014 and headquartered in Beijing, with around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities [4] - The company has evolved into a comprehensive, data-driven technology platform that provides a full suite of services and products for digital insurance transactions and insurance SaaS solutions [4] Partnership Details - The partnership with TMNCH aims to leverage the strengths of both companies to develop specialized insurance products, services, and sales strategies [2] - This collaboration is expected to enhance Cheche's insurance service capabilities and provide increased scale for traditional automotive companies, potentially paving the way for future partnerships with Japanese automotive firms [2]

Company Overview - Cheche Group Inc. is a leading auto insurance technology platform in China, established in 2014 and headquartered in Beijing [3] - The company operates a nationwide network of approximately 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [3] - Cheche has evolved into a comprehensive, data-driven technology platform offering a full suite of services and products for digital insurance transactions and insurance SaaS solutions [3] Recent Developments - Lei Zhang, the Founder, CEO, and Chairman of Cheche, recently purchased Class A ordinary shares of the company in the open market, indicating his confidence in the company's future [1] - Zhang highlighted the rapid growth of the digital insurance business for new energy vehicles and the significant economies of scale as key factors showcasing the potential of Cheche's platform [1] - The CEO intends to increase his ownership stake in Cheche by taking advantage of future opportunities in the open market, adhering to insider trading policies and applicable securities regulations [1]

Exhibit 99.1 Page CHECHE GROUP INC. INDEX TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Unaudited Interim Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2024 | F-2 | | Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended | | ...

Core Insights - Cheche Group Inc. has partnered with Laoyou Insurance Brokerage to enhance collaborations with auto manufacturers in China [1][2] - Laoyou Insurance is a subsidiary of Great Wall Motor Company, a leading Chinese auto manufacturer [1] - Cheche's insurance solutions are being integrated with GWM's direct-sales network across over 20 cities [1] Company Developments - The partnership with Laoyou Insurance reflects Cheche's strategy to engage with major domestic automotive groups [2] - Cheche aims to develop a comprehensive insurance solution for traditional automakers within one to two years [2] - The expansion of GWM's Smart Selection network is expected to drive growth in Cheche's insurance service offerings [2] Company Background - Cheche Group Inc. was established in 2014 and is headquartered in Beijing, China [4] - The company operates around 108 branches licensed to distribute insurance policies across 25 regions in China [4] - Cheche has evolved into a data-driven technology platform offering a full suite of digital insurance transaction services [4]

Good morning and welcome to Cheshire's second quarter 2024 conference call. All participants will be in listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note today's conference is being recorded. I will now turn the conference o ...

BEIJING, Aug. 29, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the second quarter ended June 30, 2024.Financial and Operational HighlightsNet revenues for the quarter increased 2.5% year-over-year to RMB851.8 million (US$117.2 million), while net revenues for the first half of 2024 increased 1.8% over the comparable prior year period to RMB1.6 billion (US$225.5mi ...

BEIJING, Aug. 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss second quarter 2024 results on Thursday, August 29, 2024, at 8:00 a.m. EST.The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials", while the live webcast will be available in the "Events" section under the "News & Event ...