Cheche Group (CCG) CEO Acquires Company Ordinary Shares

Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder, Chief Executive Officer and Chairman, Lei Zhang, recently purchased Class A ordinary shares of Cheche in the open market.

"The rapid growth of the digital insurance business for new energy vehicles and the significant economies of scale underscore the enormous potential of our platform," said Mr. Zhang. "My investment reflects my confidence in Cheche as we continue to build and customize products for our expanding network of insurance and manufacturing partners and increase our footprint in China's insurance business."

Mr. Zhang intends to take advantage of future opportunities in the open market to increase his ownership stake of Cheche at attractive levels, subject to Cheche's insider trading policy and applicable securities regulations in all cases.

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