Business
Cheche Group Inc. Announces Notice of Intent by Founder and CEO Lei Zhang to Purchase Company Shares
Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder and Chief Executive Officer, Mr. Lei Zhang, has expressed his intention to purchase the Company's ordinary shares using personal funds.
About this update from Cheche Group Inc.
[{"type":"text","content":"BEIJING, May 28, 2026 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder and Chief Executive Officer, Mr. Lei Zhang, has expressed his intention to purchase the Company's ordinary shares using personal funds.","length":352,"tagName":"p"},{"type":"text","content":"These purchases demonstrate the CEO's long-term confidence in the Company's growth strategy, fundamental value, and operational execution capabilities. Mr. Zhang will execute all purchases in the open market at prevailing market prices or through privately negotiated transactions, in strict compliance with applicable federal securities laws, including Rule 10b-5, and may be made pursuant to a pre-established trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, —as well as the Company's internal insider trading compliance policies.","length":588,"tagName":"p"},{"type":"text","content":"The ultimate implementation, timing, volume, and aggregate value of the proposed purchases will be determined at the CEO's discretion and remain subject to market conditions, capital allocation priorities, regulatory compliance frameworks, and applicable corporate trading windows and blackout periods. This announcement reflects current management intent and does not constitute a legally binding commitment or obligation to purchase, sell, or modify any securities transaction.","length":488,"tagName":"p"},{"type":"text","content":"The Company will disclose any executed transactions through Form 4 filings and, if applicable, amendments to Schedules 13D or 13G filed with the U.S. Securities and Exchange Commission, in accordance with regulatory deadlines.","length":226,"tagName":"p"},{"type":"text","content":""Cheche Group reached a significant milestone by achieving full-year profitability in 2025," said Mr. Lei Zhang, Founder and Chief Executive Officer of Cheche Group. "Furthermore, we have successfully launched our proprietary, AI large model-driven intelligent connected vehicle pricing product, which now covers 20 million new energy vehicles (NEVs). Through our collaboration with 18 major automakers, we have pioneered highly precise, customized pricing models ('on...