Cheche Group Sets 35-for-1 Reverse Stock Split to Meet Nasdaq Rules

The consolidation process reduces the total number of outstanding Class A ordinary shares from 69,093,430 to approximately 1,974,098, while Class B shares will drop from 18,596,504 to 531,328. Par value for both classes will shift accordingly from US$0.00001 to US$0.00035 per share. The company noted that no fractional shares will be issued, with any entitlements rounded to the nearest whole share.

While the stock will continue trading under the ticker "CCG," it will be assigned new identifiers, specifically CUSIP/CINS number G20707124 and ISIN KYG207071245. Existing warrants, traded under "CCGWW," will undergo proportionate adjustments to both their exercise price and the number of underlying shares to reflect the consolidation. Shareholders approved the plan during an extraordinary meeting held in mid-June, and the company maintains that the change will not alter individual percentage interests in the firm’s equity.