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 US1.00 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].
Cheche Group Announces Receipt of Notification Letter from Nasdaq