#China #Beijing #Cheche Group #auto insurance #Lei Zhang

Cheche Group Inc. CEO Lei Zhang's Intent to Buy Shares

In a strategic move that underscores his confidence in the future of Cheche Group Inc., Lei Zhang, the company's Founder and CEO, has announced his intention to purchase a substantial number of shares using his own funds. This announcement showcases a commitment not only to the company but also to its shareholders, highlighting a belief in Cheche’s promising growth trajectory and operational success.

Cheche Group Inc., operating under the NASDAQ symbol CCG, is recognized as China's leading auto insurance technology platform. On May 28, 2026, Zhang revealed his plans to acquire ordinary shares, expressing a strong conviction in the company's growth strategy and overall value. The CEO will conduct these transactions either in the open market at current prices or through private negotiations, adhering strictly to all federal securities laws, including Rule 10b-5, and the organization's internal compliance policies.

The expected timing, volume, and total investment for these purchases will depend on various factors, including market conditions and strategic capital allocation. While this announcement reflects the management's intent, it's important to note that it does not bind Mr. Zhang to a specific purchasing commitment.

In his statement, Zhang emphasized the significant milestone Cheche achieved in 2025, where the company reached full-year profitability. Additionally, he spoke about the successful launch of their advanced AI-driven vehicle pricing product, a pivotal innovation that has positioned Cheche at the forefront of the auto insurance landscape. This initiative has been developed in collaboration with 18 major automotive manufacturers and enables highly customized pricing models for approximately 20 million new energy vehicles (NEVs).

Zhang stated, "The realization of full profitability, combined with the successful commercialization of our AI products, reinforces management's firm conviction in our growth model. My intention to increase my equity stake reflects my alignment with our shareholders and my confidence in Cheche's long-term value proposition."

As a publicly traded company, Cheche Group has a clear commitment to transparency with its investors. All transactions made by Zhang will be reported through Form 4 filings and any necessary amendments as required by the U.S. Securities and Exchange Commission.

Looking Ahead

Cheche Group’s innovations and commitment to profitability signify a strong investment potential. With the automotive industry accelerating towards digitalization and the adoption of AI technologies in operational processes, Cheche's position is poised for continued advancement. Zhang's personal investment signals a robust belief in the company's future, which might serve as a reassuring indicator for investors and stakeholders in navigating the dynamic landscape of auto insurance technology.

In summary, Lei Zhang’s proactive approach to acquiring shares is a testament to his dedication to Cheche Group and its stakeholders. As the company continues to expand its market presence and enhance its product offerings, the future looks bright for this influential player in the auto insurance sector.