BEIJING,Sept. 3,2024 -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"),China's leading auto insurance technology platform,today announced that it has entered into a partnership with Shanghai Jidu Automobile Company Limited ("JI YUE"),as Cheche further diversifies its partner network with leaders in the new energy vehicle ("NEV") industry.

JI YUE,a joint venture between Chinese tech giantBaiduand car manufacturerGeely,is focused on the development of autonomous NEVs and related AI technology. It intends to become the first company providing an interactive experience with AI in vehicle production.

Cheche successfully launched a customized system for JI YUE,creating channels for purchasing auto and non-auto insurance products both online and offline. The system is integrated into Cheche's core platform and is equipped with resources to grow and strengthen JI YUE's sales channels and enhance account settlement capabilities,among other functionalities.

"We are thrilled to announce our latest partnership with JI YUE," said Lei Zhang,Founder,CEO,and Chairman of Cheche. "This opportunity expands our presence in the NEV sector and strengthens our leadership position among intelligent insurance platforms in China."

"Not only are we providing JI YUE car owners with a one-stop insurance services platform,but we also intend to capitalize on JI YUE's highly regarded innovations in intelligent driving,by collaborating on future autonomous driving insurance projects with them."

This collaboration creates efficiencies for JI YUE,while also enhancing its service capabilities for consumers.

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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.:

IR@chechegroup.com

Crocker Coulson

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