Cheche Group (CCG) Registration Filing summary

Company overview and business model

• Operates a technology-driven platform for digital insurance transactions and SaaS solutions, primarily focused on auto insurance in China.

• Provides a unified, cloud-based platform serving insurance carriers, intermediaries, third-party platforms, referral partners, and consumers.

• Maintains a nationwide network with over 108 branches in 25 provinces and partnerships with approximately 100 insurance carriers and 1.3 million referral partners as of December 31, 2024.

• Business is conducted in China through a VIE structure due to regulatory restrictions on foreign ownership in certain sectors.

Financial performance and metrics

• Gross written premiums for auto insurance policies were RMB12.9B in 2022, RMB17.7B in 2023, and RMB19.0B in 2024.

• Non-auto insurance gross written premiums reached RMB3.6B in 2022, RMB4.8B in 2023, and RMB5.2B in 2024.

• Total insurance policies issued were 12.3M in 2022, 15.8M in 2023, and 17.3M in 2024.

• The VIE and its subsidiaries accounted for 84.2% of consolidated net revenues in 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.

• No dividends have been declared or paid; future earnings are intended to be retained for business growth.