Cheche Group Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement

Core Points - Cheche Group Inc. has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding the Minimum Bid Price Requirement [1][2] - The company received a notification on November 15, 2024, indicating that its Class A ordinary shares had been below the required minimum bid price of $1.00 for 30 consecutive business days [2] - The compliance was achieved as the closing bid price was at least$1.00 for 10 consecutive business days from February 24, 2025, to March 7, 2025 [2] Company Overview - Cheche Group Inc. was established in 2014 and is headquartered in Beijing, China [4] - It is a leading auto insurance technology platform with around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [4] - The company 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 [4]