{"success":true,"data":{"pressRelease":{"id":"47891","rtpr_id":"nPn3FpxrBa","ticker":"CCG","exchange":"NASDAQ","all_tickers":["CCG"],"title":"Cheche Group Announces Extraordinary General Meeting","author":"PR Newswire","published_at":"2026-05-28T12:00:15.139Z","article_body":"Cheche Group Announces Extraordinary General Meeting\n\nPR Newswire\n\nBEIJING, May 28, 2026\n\nBEIJING, May 28, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG)\n(\"Cheche\" or the \"Company\"), China's leading auto insurance technology\nplatform, today announced that an extraordinary general meeting of the Company\n(the \"Meeting\") will be held at 10 A.M. on June 12, 2026, Beijing time (10\nP.M. on June 11, 2026, U.S. Eastern time) at 8/F, Desheng Hopson Fortune\nPlaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing 100088, China. The\nCompany has established the close of business on May 22, 2026, Eastern time\n(the \"Record Date\"), as the record date for determining shareholders entitled\nto notice of, and to vote at, the Meeting and any adjournments or\npostponements thereof. The purpose of the Meeting includes, among others:\n\n (1) to approve and effect a share consolidation whereby every thirty-five\n(35) issued and unissued class A ordinary shares of par value of US$0.00001\neach be consolidated into one (1) class A ordinary share of par value\nUS$0.00035 each (the \"Class A Ordinary Share\"), and every thirty-five (35)\nissued and unissued class B ordinary shares of par value US$0.00001 each be\nconsolidated into one (1) class B ordinary share of par value US$0.00035 each\n(the \"Class B Ordinary Share\") (the \"Share Consolidation\"), subject to\nshareholders' approval and becoming effective on such date as determined by\nthe chairman of the Board or any committee or any officer; and\n\n (2) to approve the amendment of the Company's memorandum and articles of\nassociation currently in effect (the \"Current M&A\") and the adoption of a\nnew memorandum and articles of association to reflect the Share Consolidation\n(the \"New M&A\").\n\nCopies of the notice of the Meeting and the form of proxy are available on the\nCompany's corporate investor relations website at https://ir.chechegroup.com/\n(https://ir.chechegroup.com/) .\n\nSafe Harbor Statements\n\nThis press release includes \"forward-looking statements\" within the meaning of\nthe \"safe harbor\" provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements may be identified by\nthe use of words such as \"estimate,\" \"plan,\" \"project,\" \"forecast,\" \"intend,\"\n\"will,\" \"expect,\" \"anticipate,\" \"believe,\" \"seek,\" \"target\" or other similar\nexpressions that predict or indicate future events or trends or that are not\nstatements of historical matters. These forward-looking statements also\ninclude, but are not limited to, statements regarding existing and new\npartnerships and customer relationships, projections, estimation, and\nforecasts of revenue and other financial and performance metrics, projections\nof market opportunity and expectations, the Company's ability to scale and\ngrow its business, the Company's advantages and expected growth, and its\nability to source and retain talent, as applicable. These statements are based\non various assumptions, whether or not identified in this press release, and\non the current expectations of the Company's management and are not\npredictions of actual performance. These statements involve risks,\nuncertainties, and other factors that may cause the Company's actual results,\nlevels of activity, performance, or achievements to materially differ from\nthose expressed or implied by these forward-looking statements. Further\ninformation regarding these and other risks, uncertainties, or factors is\nincluded in the Company's filings with the U.S. Securities and Exchange\nCommission. Although the Company believes that it has a reasonable basis for\neach forward-looking statement contained in this press release, the Company\ncautions you that these statements are based on a combination of facts and\nfactors currently known and projections of the future, which are inherently\nuncertain. The forward-looking statements in this press release represent the\nviews of the Company as of the date of this press release. Subsequent events\nand developments may cause those views to change. Except as may be required by\nlaw, the Company does not undertake any duty to update these forward-looking\nstatements.\n\nAbout Cheche Group Inc.\n\nEstablished in 2014 and headquartered in Beijing, China, Cheche is a leading\nauto insurance technology platform with a nationwide network of around 108\nbranches licensed to distribute insurance policies across 25 provinces,\nautonomous regions, and municipalities in China. Capitalizing on its leading\nposition in auto insurance transaction services, Cheche has evolved into a\ncomprehensive, data-driven technology platform that offers a full suite of\nservices and products for digital insurance transactions and insurance SaaS\nsolutions in China. Learn more at https://www.chechegroup.com/en\n(https://www.chechegroup.com/en) .\n\nCheche Group Inc.:\nIR@chechegroup.com (mailto:IR@chechegroup.com)\n\nCrocker Coulson\ncrocker.coulson@aumadvisors.com (mailto:crocker.coulson@aumadvisors.com)\n(646) 652-7185\n\nView original\ncontent:https://www.prnewswire.com/news-releases/cheche-group-announces-extraordinary-general-meeting-302784372.html\n(https://www.prnewswire.com/news-releases/cheche-group-announces-extraordinary-general-meeting-302784372.html)\n\nSOURCE Cheche Group Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3FpxrBa","title":"Cheche Group Announces Extraordinary General Meeting","author":"PR Newswire","ticker":"CCG","created":"2026-05-28T12:00:15.139Z","tickers":["CCG"],"exchange":"NASDAQ","article_body":"Cheche Group Announces Extraordinary General Meeting\n\nPR Newswire\n\nBEIJING, May 28, 2026\n\nBEIJING, May 28, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG)\n(\"Cheche\" or the \"Company\"), China's leading auto insurance technology\nplatform, today announced that an extraordinary general meeting of the Company\n(the \"Meeting\") will be held at 10 A.M. on June 12, 2026, Beijing time (10\nP.M. on June 11, 2026, U.S. Eastern time) at 8/F, Desheng Hopson Fortune\nPlaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing 100088, China. The\nCompany has established the close of business on May 22, 2026, Eastern time\n(the \"Record Date\"), as the record date for determining shareholders entitled\nto notice of, and to vote at, the Meeting and any adjournments or\npostponements thereof. The purpose of the Meeting includes, among others:\n\n (1) to approve and effect a share consolidation whereby every thirty-five\n(35) issued and unissued class A ordinary shares of par value of US$0.00001\neach be consolidated into one (1) class A ordinary share of par value\nUS$0.00035 each (the \"Class A Ordinary Share\"), and every thirty-five (35)\nissued and unissued class B ordinary shares of par value US$0.00001 each be\nconsolidated into one (1) class B ordinary share of par value US$0.00035 each\n(the \"Class B Ordinary Share\") (the \"Share Consolidation\"), subject to\nshareholders' approval and becoming effective on such date as determined by\nthe chairman of the Board or any committee or any officer; and\n\n (2) to approve the amendment of the Company's memorandum and articles of\nassociation currently in effect (the \"Current M&A\") and the adoption of a\nnew memorandum and articles of association to reflect the Share Consolidation\n(the \"New M&A\").\n\nCopies of the notice of the Meeting and the form of proxy are available on the\nCompany's corporate investor relations website at https://ir.chechegroup.com/\n(https://ir.chechegroup.com/) .\n\nSafe Harbor Statements\n\nThis press release includes \"forward-looking statements\" within the meaning of\nthe \"safe harbor\" provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements may be identified by\nthe use of words such as \"estimate,\" \"plan,\" \"project,\" \"forecast,\" \"intend,\"\n\"will,\" \"expect,\" \"anticipate,\" \"believe,\" \"seek,\" \"target\" or other similar\nexpressions that predict or indicate future events or trends or that are not\nstatements of historical matters. These forward-looking statements also\ninclude, but are not limited to, statements regarding existing and new\npartnerships and customer relationships, projections, estimation, and\nforecasts of revenue and other financial and performance metrics, projections\nof market opportunity and expectations, the Company's ability to scale and\ngrow its business, the Company's advantages and expected growth, and its\nability to source and retain talent, as applicable. These statements are based\non various assumptions, whether or not identified in this press release, and\non the current expectations of the Company's management and are not\npredictions of actual performance. These statements involve risks,\nuncertainties, and other factors that may cause the Company's actual results,\nlevels of activity, performance, or achievements to materially differ from\nthose expressed or implied by these forward-looking statements. Further\ninformation regarding these and other risks, uncertainties, or factors is\nincluded in the Company's filings with the U.S. Securities and Exchange\nCommission. Although the Company believes that it has a reasonable basis for\neach forward-looking statement contained in this press release, the Company\ncautions you that these statements are based on a combination of facts and\nfactors currently known and projections of the future, which are inherently\nuncertain. The forward-looking statements in this press release represent the\nviews of the Company as of the date of this press release. Subsequent events\nand developments may cause those views to change. Except as may be required by\nlaw, the Company does not undertake any duty to update these forward-looking\nstatements.\n\nAbout Cheche Group Inc.\n\nEstablished in 2014 and headquartered in Beijing, China, Cheche is a leading\nauto insurance technology platform with a nationwide network of around 108\nbranches licensed to distribute insurance policies across 25 provinces,\nautonomous regions, and municipalities in China. Capitalizing on its leading\nposition in auto insurance transaction services, Cheche has evolved into a\ncomprehensive, data-driven technology platform that offers a full suite of\nservices and products for digital insurance transactions and insurance SaaS\nsolutions in China. Learn more at https://www.chechegroup.com/en\n(https://www.chechegroup.com/en) .\n\nCheche Group Inc.:\nIR@chechegroup.com (mailto:IR@chechegroup.com)\n\nCrocker Coulson\ncrocker.coulson@aumadvisors.com (mailto:crocker.coulson@aumadvisors.com)\n(646) 652-7185\n\nView original\ncontent:https://www.prnewswire.com/news-releases/cheche-group-announces-extraordinary-general-meeting-302784372.html\n(https://www.prnewswire.com/news-releases/cheche-group-announces-extraordinary-general-meeting-302784372.html)\n\nSOURCE Cheche Group Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-28T12:00:15.187679323Z","server_sent_at_ms":1779969615187},"received_at":"2026-05-28T12:00:15.244Z","source_url":"https://www.prnewswire.com/news-releases/cheche-group-announces-extraordinary-general-meeting-302784372.html"},"analysis":{"id":"37323","press_release_id":"47891","analysis_json":{"industry":{"label":"Insurance Brokers, Consultants & Services","sector":"Financials"},"redFlags":["35:1 reverse split ratio indicates severe listing compliance risk","Extreme ratio suggests share price is deeply below exchange minimums"],"eventType":"reverse_split","narrative":"Cheche Group announced an extraordinary general meeting to approve a 35:1 share consolidation of its Class A and Class B ordinary shares.\n\nThe record date for the meeting is May 22, 2026, with the vote scheduled for June 12, 2026.\n\nA 35:1 reverse split is an aggressive move typically taken to boost share price to meet exchange listing requirements, signaling significant distress or compliance risk.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Cheche proposes a drastic 35:1 reverse split to avoid delisting -- watch for volatility and liquidity issues."},"keyFigures":{"customDimensions":{"reverse_split_ratio":"35:1"}},"quotedText":"to approve and effect a share consolidation whereby every thirty-five (35) issued and unissued class A ordinary shares... be consolidated into one (1) class A ordinary share","namedEntities":{"people":[],"products":[],"companies":[{"name":"Cheche Group Inc.","ticker":"CCG","relationship":"filer"}],"dollarAmounts":[{"amount":"US$0.00001","context":"current par value of ordinary shares"},{"amount":"US$0.00035","context":"post-consolidation par value of ordinary shares"}]},"materialImpact":{"score":4,"reasoning":"A 35:1 reverse stock split is an extreme ratio (well above the 1:10 threshold) signaling severe listing compliance risk and potential delisting pressure. This is a major corporate action with significant dilution-like mechanics for shareholders."},"tickerRelevance":{"others":[],"primary":"CCG"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"riskSignal":"high (delisting threat)","tickerTier":"small-cap","eventGravity":"high (reverse split)","sectorWeight":"neutral"}},"event_type":"reverse_split","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Cheche Group announced an extraordinary general meeting to approve a 35:1 share consolidation of its Class A and Class B ordinary shares.\n\nThe record date for the meeting is May 22, 2026, with the vote scheduled for June 12, 2026.\n\nA 35:1 reverse split is an aggressive move typically taken to boost share price to meet exchange listing requirements, signaling significant distress or compliance risk.","key_figures":{"customDimensions":{"reverse_split_ratio":"35:1"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Cheche Group Inc.","ticker":"CCG","relationship":"filer"}],"dollarAmounts":[{"amount":"US$0.00001","context":"current par value of ordinary shares"},{"amount":"US$0.00035","context":"post-consolidation par value of ordinary shares"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-28T12:18:00.205Z","global_importance":25,"audience_relevance":15,"importance_components":{"riskSignal":"high (delisting threat)","tickerTier":"small-cap","eventGravity":"high (reverse split)","sectorWeight":"neutral"}},"durationMs":54870,"modelName":"george-droid-qwen-72b"}}