Cheche Group Announces Strategic Partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited

BEIJING, Oct. 1, 2024 /PRNewswire/ — Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited  (“TMNCH”), as Cheche continues to broaden its collaborations with insurance companies in China.

Underwriting primary coverage and reinsurance for several lines of business including property insurance, liability insurance, guaranty insurance, and short-term health insurance, TMNCH, wholly funded by Tokio Marine & Nichido Fire Insurance Co., Ltd., is the first Japanese insurance company to have entered the Chinese insurance market.

“We are excited to announce our strategic partnership with TMNCH and look forward to developing customized products and services together,” said Lei Zhang, Founder, CEO, and Chairman of Cheche. “Not only is our capacity for innovation vastly increased as we expand and strengthen our relationships with insurance companies and automobile manufacturers, but our leadership position as the intelligent insurance platform in China is underscored as well.”

Cheche’s agreement with TMNCH is two pronged. Leveraging each other’s strengths, the two companies are working to develop specialized insurance products, services, and sales strategies. This collaboration will enhance Cheche’s insurance service capabilities while offering increased scale for traditional automotive companies and pave the way for future partnerships with Japanese automotive companies.

Safe Harbor Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

Cheche Group Inc.:
[email protected]

Crocker Coulson
[email protected]
(646) 652-7185

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