本文源自：金融界 作者：行情君 8月20日，团车(TC)盘中上涨2.52%，截至00:56，报0.61美元/股，成交1.14万美元，总市值2063.89万美 元。 财务数据显示，截至2024年12月31日，团车收入总额4917.6万人民币，同比减少69.71%；归母净利 润-1.88亿人民币，同比减少126.57%。 资料显示，Token Cat Limited(曾用名:团车有限责任公司)一家在开曼群岛注册成立的境外控股母公司,主 要通过其境内实体子公司团车互联网信息服务(北京)有限公司运营。其子公司是中国领先的汽车电商平 台,创办于2010年。团车围绕汽车交易场景布局新零售战略,打造完整的汽车交易服务生态链。团车开创 了汽车行业场景化的新零售模式,并携手汽车主机厂与经销商为广大消费者搭建了本地线下购车场景,在 方便消费者购车的同时,降低汽车厂商与用户的沟通成本,降低单车营销费用,提高成单率。 ...

8月15日，团车(TC)盘中上涨3.47%，截至21:51，报0.62美元/股，成交5801.0美元，总市值2097.05万美 元。 资料显示，Token Cat Limited(曾用名:团车有限责任公司)一家在开曼群岛注册成立的境外控股母公司,主 要通过其境内实体子公司团车互联网信息服务(北京)有限公司运营。其子公司是中国领先的汽车电商平 台,创办于2010年。团车围绕汽车交易场景布局新零售战略,打造完整的汽车交易服务生态链。团车开创 了汽车行业场景化的新零售模式,并携手汽车主机厂与经销商为广大消费者搭建了本地线下购车场景,在 方便消费者购车的同时,降低汽车厂商与用户的沟通成本,降低单车营销费用,提高成单率。 本文源自：金融界 作者：行情君 财务数据显示，截至2024年12月31日，团车收入总额4917.6万人民币，同比减少69.71%；归母净利 润-1.88亿人民币，同比减少126.57%。 ...

8月13日，团车(TC)盘中上涨2.7%，截至03:46，报0.75美元/股，成交21.47万美元，总市值2536.55万美 元。 财务数据显示，截至2024年12月31日，团车收入总额4917.6万人民币，同比减少69.71%；归母净利 润-1.88亿人民币，同比减少126.57%。 资料显示，Token Cat Limited(曾用名:团车有限责任公司)一家在开曼群岛注册成立的境外控股母公司,主 要通过其境内实体子公司团车互联网信息服务(北京)有限公司运营。其子公司是中国领先的汽车电商平 台,创办于2010年。团车围绕汽车交易场景布局新零售战略,打造完整的汽车交易服务生态链。团车开创 了汽车行业场景化的新零售模式,并携手汽车主机厂与经销商为广大消费者搭建了本地线下购车场景,在 方便消费者购车的同时,降低汽车厂商与用户的沟通成本,降低单车营销费用,提高成单率。 本文源自：金融界 作者：行情君 ...

资料显示，Token Cat Limited(曾用名:团车有限责任公司)一家在开曼群岛注册成立的境外控股母公司,主 要通过其境内实体子公司团车互联网信息服务(北京)有限公司运营。其子公司是中国领先的汽车电商平 台,创办于2010年。团车围绕汽车交易场景布局新零售战略,打造完整的汽车交易服务生态链。团车开创 了汽车行业场景化的新零售模式,并携手汽车主机厂与经销商为广大消费者搭建了本地线下购车场景,在 方便消费者购车的同时,降低汽车厂商与用户的沟通成本,降低单车营销费用,提高成单率。 本文源自：金融界 作者：行情君 8月7日，团车(TC)盘中上涨2.19%，截至00:16，报0.644美元/股，成交1.24万美元，总市值2178.25万美 元。 财务数据显示，截至2024年12月31日，团车收入总额4917.6万人民币，同比减少69.71%；归母净利 润-1.88亿人民币，同比减少126.57%。 ...

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 - 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].

Core Insights - Token Cat Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC on March 28, 2025 [1][2]. Company Overview - Token Cat Limited, founded in 2010 and formerly known as TuanChe Limited, is a leading automotive marketplace platform in China [3]. - The company connects automotive consumers with manufacturers, dealers, and service providers, integrating digital platforms with offline sales events [3]. - Token Cat offers comprehensive automotive marketing and transaction services, transforming individual car purchases into large-scale group buying experiences through an interactive many-to-many model [3]. - The company leverages proprietary data analytics and an advanced digital marketing system to enhance the efficiency and effectiveness of advertising placements for industry customers [3]. - Token Cat is currently exploring opportunities to enter the cryptocurrency sector [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Core Viewpoint - Tucows Inc. reported an amendment to its unaudited financial results for Q4 and FY 2024, highlighting a reduction in non-cash impairment charges and significant net losses compared to the previous year [1][2][3]. Financial Results Summary - The net loss for Q4 2024 was $42.5 million, or a loss of $3.86 per share, compared to a net loss of $23.4 million, or a loss of $2.14 per share in Q4 2023, marking an 82% increase in loss [3][4]. - For the full year 2024, the net loss was $109.9 million, compared to a loss of $96.2 million in 2023, reflecting a 14% increase [4]. - Adjusted net income (loss) for Q4 2024 was ($15.8 million) and adjusted EPS was ($1.43), an improvement from ($22.4 million) and ($2.05) in Q4 2023, indicating a 30% reduction in adjusted net loss [3][4][16]. Revenue and Profit Analysis - Net revenues for Q4 2024 were $93.1 million, a 7% increase from $87.0 million in Q4 2023 [4][5]. - Gross profit for Q4 2024 was $21.2 million, up 19% from $17.8 million in Q4 2023 [4][5]. - Adjusted EBITDA for Q4 2024 was $12.8 million, compared to $2.6 million in Q4 2023, showing a significant improvement in operational performance [5][13]. Segment Performance - Ting Internet Services generated $15.7 million in revenue for Q4 2024, up from $13.8 million in Q4 2023 [5][6]. - Wavelo Platform Services reported revenues of $9.9 million, slightly up from $9.5 million in the same period last year [5][6]. - Tucows Domain Services saw total revenues of $65.7 million in Q4 2024, compared to $61.8 million in Q4 2023, reflecting growth in both wholesale and retail segments [5][6]. Management Commentary and Future Outlook - Management's pre-recorded audio commentary discussing the quarter and future outlook will be available on the Tucows website [17]. - Shareholders and analysts can submit questions to management, with responses to be posted on the company's website [18]. Company Overview - Tucows Inc. is a leader in internet services, providing domain services, fiber-optic internet infrastructure, and telecommunications software [19]. - The company manages approximately 25 million domain names and offers various value-added services through a global reseller network [19].

Company Overview - TuanChe Limited, founded in 2010, is a leading automotive marketplace platform in China, connecting automotive consumers with manufacturers, dealers, and service providers [2] - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services [2] - TuanChe transforms individual car purchases into large-scale group buying experiences through an interactive many-to-many model [2] Recent Developments - Effective on or around February 28, 2025, TuanChe Limited will change its name to "Token Cat Limited" while its ADSs will continue trading on the Nasdaq Capital Market under the symbol "TC" [1] - The CUSIP number will remain unchanged following the name change [1] Strategic Initiatives - TuanChe is exploring ways to enter the cryptocurrency sector, indicating a potential shift in business strategy [2] - The company leverages proprietary data analytics and advanced digital marketing systems to enhance the efficiency and effectiveness of advertising placements for industry customers [2]