Cheche Group Inc., a leading auto insurance technology platform in China, has received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement. The company's Class A ordinary shares have been trading below the $1.00 threshold for 31 consecutive business days, as per Rule 5550(a)(2) of Nasdaq Listing Rules. Despite the notification, Cheche's listing and trading on Nasdaq remain unaffected for now. The company has until December 2, 2025, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. If compliance is not achieved by this date, Cheche may be granted an additional 180-day period to meet the requirement, provided it meets other listing standards. Cheche is currently exploring options to address this issue while continuing to comply with other Nasdaq listing standards. The notification does not impact the company's business operations or reporting obligations.