Cheche Group Inc. (NASDAQ: CCG) announced that founder and Chief Executive Officer Lei Zhang expressed his intention to purchase the company's ordinary shares using personal funds, according to a press release statement.

Zhang will execute purchases in the open market at prevailing market prices or through privately negotiated transactions, in compliance with federal securities laws. The purchases may be made pursuant to a pre-established trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934.

The timing, volume, and aggregate value of the proposed purchases will be determined at Zhang's discretion and remain subject to market conditions, capital allocation priorities, and regulatory compliance frameworks. The company noted this announcement does not constitute a legally binding commitment to purchase securities.

Cheche Group will disclose any executed transactions through Form 4 filings and applicable amendments to Schedules 13D or 13G filed with the U.S. Securities and Exchange Commission.

"Cheche Group reached a significant milestone by achieving full-year profitability in 2025," Zhang stated. The company launched an AI large model-driven intelligent connected vehicle pricing product covering 20 million new energy vehicles through collaboration with 18 major automakers.

Established in 2014 and headquartered in Beijing, Cheche operates as an auto insurance technology platform with approximately 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China.