Cheche Group announces 35-for-1 share consolidation effective July 20

Cheche Group will execute a 35-for-1 share consolidation, effective at the opening of business on July 20, subject to Nasdaq processing.

• Class A ordinary shares will trade on a post-consolidation basis on Nasdaq under CCG; new CUSIP/CINS G20707124, new ISIN KYG207071245.
• Outstanding Class A shares are expected to fall to 1,974,098 from 69,093,430; Class B shares to 531,328 from 18,596,504.
• No fractional shares will be issued; fractional entitlements will be rounded to the nearest whole share.
• The move targets Nasdaq’s minimum bid-price compliance; warrants CCGWW will be adjusted proportionately for shares issuable and exercise price.