Cheche Group Calls June 12 Meeting for 35-for-1 Split, Unveils AI NEV Pricing
CCG•Cheche Group scheduled an extraordinary general meeting on June 12, 2026 to approve a 35-for-1 share consolidation and amend its memorandum and articles of association. The company also launched an AI-driven pricing product targeting 20 million NEVs and its CEO Lei Zhang signaled intent to purchase shares following 2025 profitability.
1. Extraordinary General Meeting Details
Cheche Group will hold an extraordinary general meeting at 10 A.M. Beijing time on June 12, 2026 (10 P.M. U.S. Eastern time on June 11) with a record date of May 22, 2026. Shareholders will vote on consolidating every 35 issued and unissued Class A and Class B ordinary shares into one share of US$0.00035 par value and on updating the company’s memorandum and articles to reflect the consolidation.
2. AI-Driven NEV Pricing Product Launch
The company introduced its proprietary AI large model-driven intelligent connected vehicle pricing product aimed at China’s roughly 20 million intelligent connected new energy vehicles. Leveraging machine learning and multi-dimensional data analytics, the platform assesses real-time driving behavior and localized risk to deliver personalized insurance quotes, bolstering Cheche’s precision risk engineering capabilities.
3. Founder and CEO Share Purchase Intent
Founder and CEO Lei Zhang intends to use personal funds to acquire Cheche shares in open-market or pre-negotiated transactions under applicable securities laws and a possible Rule 10b5-1 plan. This planned purchase follows the company’s achievement of full-year profitability in 2025 and underscores management’s confidence in Cheche’s growth strategy, subject to market conditions and trading window restrictions.
