Exhibit 99.1 INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | Page | | --- | --- | | Condensed consolidated balance sheets as of December 31, 2024 and June 30, 2025 (unaudited) | F-2 | | Unaudited condensed consolidated statements of operations and comprehensive loss for the six months ended June 30, 2024 and 2025 | F-3 | | Unaudited condensed consolidated statements of changes in equity for the six months ended June 30, 2024 and 2025 | F-4 | | Unaudited condensed consolidated statemen ...

Company Overview - Token Cat Limited, formerly known as TuanChe Limited, is a leading automotive marketplace in China, founded in 2010 [5] - The company connects automotive consumers with manufacturers, dealers, and service providers, offering comprehensive marketing and transaction services [5] - Token Cat utilizes an interactive many-to-many model to transform individual car purchases into large-scale group buying experiences [5] - The company is exploring entry into the cryptocurrency sector [5] ADS Ratio Change Announcement - Token Cat plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 240 Class A ordinary shares to 1 ADS representing 4,800 Class A ordinary shares, effective on or about August 29, 2025 [1][2] - This change will effectively act as a one-for-twenty reverse ADS split for ADS holders [2] - The exchange of existing ADSs for new ADSs will occur automatically, with no action required from holders [2] Fractional ADSs and Trading - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3] - There will be no change to the Company's Class A ordinary shares, and the ADSs will continue to trade on the Nasdaq Capital Market under the symbol "TC" [4] - The ADS price is expected to increase proportionally as a result of the ADS Ratio Change, although no assurance can be given regarding the price post-change [4]

Group 1 - The core viewpoint of the article highlights the financial performance of Tuanche (TC), indicating a significant decline in revenue and net profit for the year ending December 31, 2024 [1] - Tuanche's stock price increased by 2.52% to $0.61 per share, with a total market capitalization of approximately $20.64 million [1] - The company's total revenue for the year was reported at 49.18 million RMB, reflecting a year-on-year decrease of 69.71% [1] Group 2 - The net profit attributable to the parent company was reported at -188 million RMB, showing a year-on-year decline of 126.57% [1] - Tuanche operates as a leading automotive e-commerce platform in China, established in 2010, and is registered in the Cayman Islands [1] - The company has developed a new retail strategy focused on automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1]

Core Insights - The stock price of Tuanche (TC) increased by 3.47% on August 15, reaching $0.62 per share, with a total market capitalization of $20.97 million [1] - Financial data indicates that Tuanche's total revenue for the year ending December 31, 2024, is projected to be 49.176 million RMB, a year-on-year decrease of 69.71% [1] - The net profit attributable to the parent company is expected to be -188 million RMB, reflecting a year-on-year decline of 126.57% [1] Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a Cayman Islands-registered holding company that operates through its domestic subsidiary, Tuanche Internet Information Services (Beijing) Co., Ltd. [1] - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1] - The company has developed a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1] Business Model - Tuanche has pioneered a new retail model in the automotive industry, focusing on scenario-based sales [1] - The company collaborates with automotive manufacturers and dealers to establish local offline car purchasing scenarios, enhancing consumer convenience while reducing communication costs between manufacturers and users [1] - This approach aims to lower marketing expenses per vehicle and improve transaction success rates [1]

Core Viewpoint - The company, Tuanche (TC), has experienced a significant decline in revenue and net profit, indicating potential challenges in its business operations and market conditions [1]. Financial Performance - As of December 31, 2024, Tuanche reported total revenue of 49.176 million RMB, a year-on-year decrease of 69.71% [1]. - The net profit attributable to the parent company was -188 million RMB, reflecting a year-on-year decline of 126.57% [1]. Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a Cayman Islands-registered holding company that operates through its subsidiary, Tuanche Internet Information Services (Beijing) Co., Ltd. [1]. - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1]. - The company has developed a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1]. Business Model - Tuanche has pioneered a scenario-based new retail model in the automotive industry, collaborating with automobile manufacturers and dealers to establish local offline car purchasing scenarios [1]. - This model aims to facilitate consumer car purchases while reducing communication costs between manufacturers and users, thereby lowering marketing expenses per vehicle and increasing transaction success rates [1].

Core Insights - Tuanche (TC) experienced a 4.95% increase in stock price, reaching $0.63 per share, with a total market capitalization of $2.1388 million as of August 11 [1] - Financial data indicates that Tuanche's total revenue for the year ending December 31, 2024, is projected to be 49.176 million RMB, reflecting a year-on-year decrease of 69.71% [1] - The net profit attributable to the parent company is expected to be -188 million RMB, showing a significant year-on-year decline of 126.57% [1] Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a Cayman Islands-registered holding company that operates through its domestic subsidiary, Tuanche Internet Information Services (Beijing) Co., Ltd [1] - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1] - The company has developed a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1] Business Model - Tuanche has pioneered a new retail model in the automotive industry, focusing on scenario-based services [1] - The company collaborates with automotive manufacturers and dealers to establish local offline car purchasing scenarios, enhancing consumer convenience while reducing communication costs between manufacturers and users [1] - This approach aims to lower marketing expenses per vehicle and improve transaction success rates [1]

Core Viewpoint - Tuanche (TC) has experienced a significant decline in revenue and net profit, indicating potential challenges in its business operations and market conditions [1]. Financial Performance - As of December 31, 2024, Tuanche's total revenue amounted to 49.176 million RMB, representing a year-on-year decrease of 69.71% [1]. - The company's net profit attributable to shareholders was -188 million RMB, reflecting a year-on-year decline of 126.57% [1]. Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a Cayman Islands-registered holding company that operates through its domestic subsidiary, Tuanche Internet Information Service (Beijing) Co., Ltd. [1]. - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1]. - The company has developed a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1]. - Tuanche has pioneered a scenario-based new retail model in the automotive industry, collaborating with manufacturers and dealers to provide local offline car purchasing experiences for consumers [1].

Core Viewpoint - Tuanche (TC) experienced a 4.46% increase in stock price, reaching $0.679 per share, with a total market capitalization of $22.9768 million as of August 4 [1] Financial Performance - As of December 31, 2024, Tuanche reported total revenue of 49.176 million RMB, a year-on-year decrease of 69.71% [1] - The company's net profit attributable to shareholders was -188 million RMB, reflecting a year-on-year decline of 126.57% [1] Company Overview - Token Cat Limited, formerly known as Tuanche Limited, is a Cayman Islands-registered holding company that operates through its subsidiary, Tuanche Internet Information Service (Beijing) Co., Ltd. [1] - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1] - The company has developed a new retail strategy centered around automotive transaction scenarios, creating a comprehensive automotive transaction service ecosystem [1] - Tuanche has pioneered a scenario-based new retail model in the automotive industry, collaborating with manufacturers and dealers to establish local offline car purchasing scenarios, thereby facilitating consumer purchases and reducing communication costs between manufacturers and users [1]

Core Viewpoint - The company, Tuanche (TC), has experienced a significant decline in revenue and net profit, indicating potential challenges in its business operations and market conditions [1] Financial Performance - As of December 31, 2024, Tuanche's total revenue amounted to 49.176 million RMB, representing a year-on-year decrease of 69.71% [1] - The company's net profit attributable to shareholders was -188 million RMB, reflecting a year-on-year decline of 126.57% [1] Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a foreign holding company registered in the Cayman Islands [1] - The company operates primarily through its domestic subsidiary, Tuanche Internet Information Service (Beijing) Co., Ltd., which is a leading automotive e-commerce platform in China [1] - Founded in 2010, Tuanche focuses on a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1] Business Model - Tuanche has pioneered a new retail model in the automotive industry, collaborating with automobile manufacturers and dealers to establish local offline car purchasing scenarios for consumers [1] - This model aims to facilitate consumer car purchases while reducing communication costs between manufacturers and users, thereby lowering marketing expenses per vehicle and increasing transaction success rates [1]

Core Viewpoint - Tucows Inc. has announced the nomination of five new individuals for its Board of Directors, reflecting a strategic refresh aimed at supporting the company's growth and innovation [1][2][3]. Group 1: New Board Members - The newly-nominated directors include Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory, and Stephan Uhrenbacher, each bringing diverse expertise in finance, technology, marketing, and entrepreneurship [2][3]. - Dr. Sandra Matz is a leading voice in data-driven behavioral science, specializing in consumer behavior and business outcomes [3]. - Laurenz Malte Nienaber has extensive experience in investment strategy and governance, contributing analytical rigor to board leadership [4]. - Allen Taylor has a strong background in private equity operations and financial turnarounds, enhancing the board's financial insights [5]. - Jeffrey Tory has nearly four decades of experience in investing in North American growth stocks, aligning his expertise with Tucows' long-term vision [6]. - Stephan Uhrenbacher is a serial entrepreneur with a focus on tech and sustainability, bringing leadership experience from various startups [7]. Group 2: Board Transition - The nominations indicate Tucows' commitment to refreshing its Board with diverse perspectives to support innovation across its businesses, including Ting Internet, Tucows Domains, and Wavelo [8]. - The company expresses gratitude to outgoing directors Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz, and Gigi Sohn for their significant contributions to Tucows' leadership and growth [9][10].