Cheche Group Inc. (NASDAQ: CCG), a Beijing-based auto insurance technology company, announced a 35-for-1 consolidation of its Class A and Class B ordinary shares, set to take effect at the opening of business on July 20, 2026, U.S. Eastern time, subject to Nasdaq processing and remaining administrative procedures.

The consolidation was approved by shareholders at an extraordinary general meeting held on June 12, 2026, Beijing time. Under the terms, every 35 Class A ordinary shares of par value $0.00001 each will be consolidated into one Class A ordinary share of par value $0.00035, with the same ratio applied to Class B ordinary shares.

Prior to the consolidation, the company had 69,093,430 Class A ordinary shares and 18,596,504 Class B ordinary shares outstanding. Following the consolidation, the company expects to have approximately 1,974,098 Class A ordinary shares and 531,328 Class B ordinary shares outstanding.

No fractional shares will be issued; any fractional entitlements will be rounded to the nearest whole share. The company stated the consolidation is intended to help it regain compliance with Nasdaq's minimum bid price requirement.

Shares will continue trading on Nasdaq under the symbol "CCG" with a new CUSIP/CINS number G20707124 and new ISIN KYG207071245. The company's warrants will continue trading under the symbol "CCGWW," with proportionate adjustments made to the number of Class A ordinary shares issuable upon exercise and the applicable exercise price.