{"url_path":"/sec/ccgww/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1965473/0001493152-26-019130-index.html","accession_number":"0001493152-26-019130","cik":"0001965473","ticker":"CCG","issuer_name":"Cheche Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1965473/0001493152-26-019130-index.html","primary_entity_key":"0001965473","primary_entity_name":"Cheche Group Inc."},"word_count":4374,"has_tables":true,"body_markdown":"**ITEM\n6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\n \n\n**A.\nDirectors and Senior Management**\n\n \n\nThe\nfollowing table sets forth information regarding our directors and executive officers as of the date of this annual report. The business\naddress of our directors and executive officers is 8/F, Desheng Hopson Fortune Plaza, 13-1 Deshengmenwai Avenue, Xicheng District, Beijing\n100088, the PRC.\n\n \n\n138\n\n \n\n \n\nDirectors\nand Executive Officers* \nAge \nPosition/Title\n\nLei Zhang \n44 \nChairman and Chief Executive Officer\n\nWenting Ji \n50 \nChief Financial Officer\n\nYanjun Liu \n46 \nChief Operating Officer\n\nJianxiang Zhou \n48 \nChief Technology Officer\n\nTing Lin \n41 \nChief Strategy Officer\n\nHuichuan Ren \n56 \nDirector\n\nShengwen Rong \n57 \nIndependent Director\n\nLiqun Li \n57 \nIndependent Director\n\nXiufang Li \n60 \nIndependent Director\n\n \n\n*Mr.\nLei Zhang*founded Beijing Cheche Technology Co., Ltd. (“Beijing Cheche”) and served as the chief executive officer\nsince then. He has served as the chairman of the board of CCT since September 2018 and later the chief executive officer and\nchairman of the board of Cheche Group Inc. since September 2023 following the completion of the Business Combination. Prior to\nfounding Beijing Cheche, he served as chief executive officer of CloudPower Technology Co., Ltd. from 2010 to 2014. Mr. Zhang also\nserved as an executive vice president of Datang Capital Co., Ltd. from 2008 to 2010. He served as a senior manager in global\ntechnology service department at Huawei Technologies Co., Ltd. from 2001 to 2006. Mr. Zhang received a bachelor’s degree in\ncomputer science and technology from Wuhan University of Technology in 2001 and a master’s degree from the PBC School of\nFinance, Tsinghua University in 2024.\n\n \n\n*Ms.*Wenting Ji has served as our chief financial officer since February 2024. Prior to joining us, Ms. Wenting Ji served as the chief\nfinancial officer of Xiaoyezi Music Technology Group from July 2022 to August 2023. Prior to that, Ms. Ji served as the chief financial\nofficer of Quhuo Limited (Nasdaq: QH) from January 2019 to July 2022 and as a director of Quhuo Limited from June 2021 to July 2022.\nMs. Ji also held the position of chief financial officer at Delsk Group from July 2017 to December 2018 and served as the vice president\nof finance at Yoyi Digital from January 2012 to July 2017. From May 2007 to January 2012, Ms. Ji served as the financial reporting director\nat Fang Holdings Limited (NYSE: SFUN). Ms. Ji received a bachelor’s and a master’s degree in economics from Nankai University\nin 1996 and 1999, respectively. Ms. Ji has been a member of the Chinese Institute of Certified Public Accountants since 2005 and a member\nof the Association of Chartered Certified Accountants since 2007.\n\n \n\n*Ms.\nYanjun Liu* has served as our chief operating officer since February 2024, and has served as a vice president since joining us in\n2018. Previously, Ms. Liu served as the finance director of Dayanghuida Science and Technology (Beijing) Co., Ltd. from 2014 to 2018;\nas the assistant finance general manager of Anbang Insurance Group Co., Ltd. from 2009 to 2014; and as the financial accountant at the\nbranch office of Shanxi Guoxing Energy Co., Ltd. from 2004 to 2009. Ms. Liu received her bachelor’s degree in accounting from Beijing\nJiaotong University in 2004.\n\n \n\n*Mr.\nJianxiang Zhou*has served as our chief technology officer since March 2015. He also served as a director of CCT prior to the Business\nCombination from July 2021 to September 2023. Prior to joining us, Mr. Zhou served as chief technology officer of CloudPower Technology\nCo., Ltd. from 2011 to 2015. Prior to that, he served as senior manager of the applied business division of Potevio Institution of Information\nand Technology Co., Ltd. from 2006 to 2011. He also served as a software engineer at the research and development department of Tsinghua\nTongfang Co., Ltd. from 2004 to 2006. Mr. Zhou received his bachelor’s and master’s degrees in agricultural electrical engineering\nand automation from Northeast Agricultural University in 2001 and 2004, respectively.\n\n \n\n*Mr.\nTing Lin* has served as our chief strategy officer since October 2018. Prior to joining us, Mr. Lin served as a vice president at\nthe advisory and BlackRock Solutions divisions of BlackRock Inc. from 2013 to 2018. Prior to that, Mr. Lin served as a senior manager\nof the global portfolio strategies of Bank of America Merrill Lynch from 2010 to 2013 and a senior modeling associate at the Government\nEmployees Insurance Company (“GEICO”) from 2009 to 2010. Mr. Lin received dual bachelor’s degrees in applied mathematics\nand finance from the University of Maryland and a master’s degree in statistics from Columbia University in 2008.\n\n \n\n139\n\n \n\n \n\n*Mr.\nHuichuan Ren* has served as a director of CCT since July 2021 and later our director since September 2023 following the completion\nof the Business Combination. Mr. Ren is also currently a senior adviser of Tencent Technology (Shenzhen) Co., Ltd. Prior to that, Mr.\nRen served as the vice chairman of the board of directors and president of Ping An Insurance (Group) Company of China Ltd. from 2011\nto 2020. He also served as the chairman of the board of directors of Ping An Trust Co., Ltd. from 2016 to 2019. Mr. Ren received a bachelor’s\ndegree in applied computing from Harbin Ship Engineering College in 1989 and a master’s degree in business administration from\nPeking University in 2007.\n\n \n\n*Mr.\nShengwen Rong* has served as our independent director since September 2023. Mr. Rong also currently serves as the Finance BP leader\nfor Global Products and Functions at ByteDance, Inc. From 2017 to 2018, Mr. Rong served as the senior vice president and then the chief\nfinancial officer at Yixia Technology Co., Ltd. Prior to that, Mr. Rong served as the chief financial officer at Quixey, Inc. from 2015\nto 2016, the chief financial officer at UCWeb from 2012 to 2014, and the chief financial officer at Country Style Cooking Restaurant\nChain Co., Ltd. (NYSE: CCSC) from 2010 to 2012. Currently, Mr. Rong serves as an independent director at Mogu Inc. (Nasdaq: MOGU), and has also served as an independent\ndirector at SuperX AI Technology Ltd (Nasdaq: SXAI) since November 2025. Mr.\nRong is a certified public accountant in the United States. Mr. Rong received a bachelor’s degree in international finance from\nRenmin University of China, a master’s degree in accounting from West Virginia University and a master’s degree in business\nadministration from University of Chicago Booth School of Business.\n\n \n\n*Mr.\nLiqun Li* has served as our independent director since September 2023. He has also been the chief representative officer of Ed. Broking\nUK Limited since 2015. From 2012 to 2015, he served as the chief executive officer and country manager of Assurant China. Prior to that,\nMr. Li served as the deputy general manager of CV Starr Insurance Co., Ltd. in China from 2008 to 2012. Mr. Li served as the executive\ndeputy general manager of Sinosafe Insurance Company Limited in China from 2006 to 2008. He served as the general manager for Greater\nChina and Hong Kong of Willis Re. Limited from 2005 to 2006. He served as deputy general manager and chief operating officer of Ming\nAn Insurance Company Limited from 2002 to 2005. He also served as corporate risk underwriter and representative of China of General Accident\nAssurance PLC at General Accident Assurance PLC. From 1996 to 1998. Mr. Li received his bachelor’s degree in international trade\nfrom Anhui University in 1992 and his master’s degree in risk management and insurance from Cass Business School, City University\nin 1996.\n\n \n\n*Ms.\nXiufang Li* has served as our independent director since September 2023. Ms. Li is a professor at Finance School at Nankai University\nsince 2015. Prior to that, she served various capacities at Nankai University, including being a professor, adjunct professor and lecturer\nof risk management and insurance department, the vice president of economics school, and a lecturer of the finance department from 1991\nto 2015. She received her bachelor’s degree in mathematics from Nankai University in 1988, her master’s degree in finance\nand doctorate’s degree in risk management and insurance from the same university in 1991 and 2002, respectively.\n\n \n\n**B.\nCompensation**\n\n \n\nIn\n2025, we paid an aggregate of approximately RMB2.1 million in cash to our executive officers and executive directors, and US$96,000 to\nindependent directors as a group. In addition, we made contributions to such officers and executive directors’ pension, medical\ninsurance, unemployment insurance, housing fund and other statutory benefits as required by PRC law, which totaled approximately RMB0.3\nmillion in 2025. We have not set aside or accrued any amount to provide pension, retirement or other similar benefits to our executive\nofficers and directors. In 2025, 8,000 restricted Class A Ordinary Shares were granted to our independent directors pursuant to awards\ngranted under the 2023 Plan, of which 1,500 restricted Class A Ordinary Shares had vested and been issued in December 2025. In 2025,\noptions to purchase 44,000 Class A Ordinary Shares were granted to our executive officer under the 2019 Equity Incentive Plan and the\n2023 Equity Incentive Plan, with an exercise price of $0.1 per share, which will expire on March 31,2035.\n\n \n\n**Employment\nAgreements and Indemnification Agreements**\n\n \n\nWe\nhave into employment agreements with each of our executive officers. Under these agreements, each of our executive officers is employed\nfor a five-year period. We may terminate an executive officer’s employment for cause, at any time, without notice or remuneration,\nfor certain acts of the officer, including but not limited to incapacity to fulfill job responsibilities, breach of internal procedures\nor regulations which cause material damage to us or breach of obligation of confidentiality.\n\n \n\n140\n\n \n\n \n\nAn\nexecutive officer may terminate his/her employment at any time with 30 days prior written notice.\n\n \n\nEach\nexecutive officer has agreed to hold, both during and after the employment agreement expires or is earlier terminated, in strict confidence\nand not to use, except for our benefit, any confidential information of us. In addition, all of our executive officers have agreed to\nbe bound by the non-competition agreements entered into between such executive officers and us.\n\n \n\nIn\naddition, we have entered into indemnification agreements with our directors and executive officers. Under these indemnification agreements,\nwe have agreed to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in\nconnection with claims made by reason of them being our directors or executive officers.\n\n \n\n**2019\nEquity Incentive Plan**\n\n \n\nWe\nadopted the 2019 Equity Incentive Plan in January 2020, under which we granted equity incentive awards to eligible employees, consultants\nand non-employee directors in order to attract, motivate and retain talented individuals. Pursuant to the terms of the Business Combination,\nwe have assumed the options and restricted shares awards granted under the 2019 Equity Incentive Plan. The maximum number of shares issuable\nunder the 2019 Equity Incentive Plan is 9,824,105 Class A Ordinary Shares. As of December 31, 2025, options and restricted shares awards\ncovering 9,823,974 Class A Ordinary Shares were outstanding under the 2019 Equity Incentive Plan, and 131 Class A Ordinary Shares were\nissuable upon awards to be granted in the future under the 2019 Equity Incentive Plan. The principal terms of the 2019 Equity Incentive\nPlan are substantially the same as the 2023 Equity Incentive Plan, which are discussed below.\n\n \n\n**2023\nEquity Incentive Plan**\n\n \n\nThe\nmaximum number of shares issuable under the 2023 Plan is 8,048,326 Class A Ordinary Shares. The following paragraphs summarize the principal\nterms of the 2023 Plan. As of December 31, 2025, options and restricted shares awards covering 5,104,152 Class A Ordinary Shares were\noutstanding under the 2023 Equity Incentive Plan, and 2,944,174 Class A Ordinary Shares were issuable upon awards to be granted in the\nfuture under the 2023 Equity Incentive Plan.\n\n \n\n*Types\nof Awards*\n\n \n\nThe\n2023 Equity Incentive Plan permits the awards of options, restricted shares, restricted share units or any other type of awards approved\nby our board of directors or compensation committee of the board.\n\n \n\n*Plan\nAdministration*\n\n \n\nOur\nboard of directors or the compensation committee administers the 2023 Equity Incentive Plan. The board or the compensation committee\ndetermines, among other things, the participants to receive awards, the type and number of awards to be granted to each participant,\nand the terms and conditions of each award grant.\n\n \n\n141\n\n \n\n \n\n*Award\nAgreement*\n\n \n\nAwards\ngranted under the 2023 Equity Incentive Plan are evidenced by an award agreement that sets forth terms, conditions and limitations for\neach award, which may include the term of the award, the provisions applicable in the event of the grantee’s employment or service\nterminates, and our authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind the award.\n\n \n\n*Eligibility*\n\n \n\nWe\nmay grant awards to our employees, directors and consultants.\n\n \n\n*Vesting\nSchedule*\n\n \n\nIn\ngeneral, the plan administrator determines the vesting schedule, which is specified in the relevant award agreement.\n\n \n\n*Exercise\nof Awards*\n\n \n\nThe\nexercise price per share subject to an option is determined by the plan administrator and set forth in the award agreement, which may\nbe a fixed price or a variable price related to the fair market value of the shares. The vested portion of option will expire if not\nexercised prior to the time as the plan administrator determines at the time of its grant.\n\n \n\n*Transfer\nRestrictions*\n\n \n\nAwards\nmay not be transferred in any manner by the eligible participant other than in accordance with the limited exceptions, such as transfers\nto us or our subsidiaries, transfers to the immediate family members of the participant by gift, the designation of a beneficiary to\nreceive benefits if the participant dies, permitted transfers or exercises on behalf of the participant by the participant’s duly\nauthorized legal representative if the participant has suffered a disability, or, subject to the prior approval of the plan administrator\nor our executive officer or director authorized by the plan administrator, transfers to one or more natural persons who are the participant’s\nfamily members or entities owned and controlled by the participant and/or the participant’s family members, including but not limited\nto trusts or other entities whose beneficiaries or beneficial owners are the participant and/or the participant’s family members,\nor to such other persons or entities as may be expressly approved by the plan administrator, pursuant to such conditions and procedures\nas the plan administrator may establish.\n\n \n\n*Termination\nand Amendment*\n\n \n\nUnless\nterminated earlier, the 2023 Equity Incentive Plan has a term of ten years. Our board of directors may terminate, amend or modify the\nplan, subject to the limitations of applicable laws. However, no such action may adversely affect in any material way any award previously\ngranted without prior written consent of the participant.\n\n \n\nThe\nfollowing table summarizes, as of the date of this annual report, the number of Class A Ordinary Shares underlying the outstanding options\nand restricted shares granted to our directors and executive officers and other individuals as a group under the 2019 Equity Incentive\nPlan and the 2023 Equity Incentive Plan.\n\n \n\n142\n\n \n\n \n\nName \nRestricted\n\nClass A\nOrdinary\nShares  \nClass\nA\nOrdinary\nShares\nUnderlying\nthe\nOptions(1)  \n \nExercise\n\nPrice\n(US$/Share) \nDate\nof Grant \nDate\nof Expiration(1)\n\nLei Zhang \n -  \n -  \n \n- \n- \n-\n\nWenting Ji \n -  \n *  \nUS$\n0.10 \nFrom January 31, 2024 to March 31, 2025 \nFrom January 31, 2034 to March 31, 2035\n\nYanjun Liu \n *  \n *  \nUS$\n0.10 \nFrom April 1, 2021 to March 31, 2025 \nFrom December 31, 2033 to March 31, 2035\n\nJianxiang Zhou \n 2,754,417  \n *  \nUS$\n0.10 \nFrom January 1, 2023 to March 31, 2025 \nFrom March 1, 2034 to March 31, 2035\n\nTing Lin \n -  \n -  \n \n- \n- \n-\n\nHuichuan Ren \n -  \n -  \n \n- \n- \n-\n\nShengwen Rong \n *\n  \n -  \n \n- \nFrom December 1, 2023 to September 14, 2025 \n-\n\nLiqun Li \n *\n  \n -  \n \n- \nFrom December 1, 2023 to September 14, 2025 \n-\n\nXiufang Li \n *\n  \n -  \n \n- \nFrom December 1, 2023 to September 14,\n2025 \n-\n\nAll\ndirectors and executive officers as a group \n **2,823,958**  \n 254,150  \n \n  \n \n\n \n\n*\nRepresents\nless than 1% of our total outstanding shares on an as converted basis.\n\n \n\n(1)\nNot\napplicable to restricted Class A Ordinary Shares.\n\n \n\nAs\nof the date of this annual report, options and restricted shares awards covering an aggregate of 11,927,968 Class A Ordinary Shares were\ngranted to other grantees as a group pursuant to awards granted under the 2019 Equity Incentive Plan and the 2023 Equity Incentive Plan.\nOptions granted to other grantees have an exercise price ranging from US$0.01 to US$8.85 per share and will expire on the tenth anniversary\nof the date of grant.\n\n \n\n**C.\nBoard Practices**\n\n \n\n**Board\nof Directors**\n\n \n\nOur\nboard of directors consists of five directors. A director is not required to hold any shares in us by way of qualification. A director\nwho is in any way, whether directly or indirectly, interested in a contract or proposed contract with us is required to declare the nature\nof his interest at a meeting of our directors.\n\n \n\nA\ngeneral notice by any director to the effect that he is a member, shareholder, director, partner, officer or employee of any specified\ncompany or firm and is to be regarded as interested in any contract or transaction with that company or firm, shall be deemed a sufficient\ndeclaration of interest for the purposes of voting on a resolution in respect to a contract or transaction in which he has an interest.\n\n \n\nAfter\nsuch general notice, special notice relating to any particular transaction shall not be required. A director may vote in respect of any\ncontract or proposed contract or arrangement notwithstanding that he may be interested therein. If he does so his vote shall be counted\nand he may be counted in the quorum at any meeting of the directors at which any such contract or proposed contract or arrangement is\nconsidered.\n\n \n\n143\n\n \n\n \n\nThe\ndirectors may exercise all the powers of the company to borrow money, mortgage its undertaking, property and uncalled capital, and issue\ndebentures or other securities whenever money is borrowed or as security for any obligation of the company or of any third party. None\nof our directors has a service contract with us that provides for benefits upon termination of service.\n\n \n\n**Committees\nof the Board**\n\n \n\nWe\nhave established an audit committee, a compensation committee and a nominating and corporate governance committee under our board of\ndirectors, and adopted a charter for each of the three committees. Each committee’s members and functions are described below.\n\n \n\n**Audit\nCommittee**\n\n \n\nOur\naudit committee consists of Mr. Shengwen Rong, Mr. Liqun Li and Ms. Xiufang Li. Mr. Shengwen Rong is the chairman of our audit committee.\nWe have determined that each of Mr. Shengwen Rong, Mr. Liqun Li and Ms. Xiufang Li satisfies the “independence” requirements\nof the Nasdaq Stock Market Rules and Rule 10A-3 under the Exchange Act, and that Mr. Shengwen Rong qualifies as an “audit committee\nfinancial expert” under Nasdaq Stock Market Rules.\n\n \n\nThe\naudit committee oversees our accounting and financial reporting processes and the audit of our financial statements. The audit committee\nis responsible for, among other things:\n\n \n\n \n●\nappointing\nour independent registered public accounting firm and pre-approving all auditing and non-auditing services performed by our independent\nregistered public accounting firm;\n\n \n\n \n●\nreviewing\nwith the independent registered public accounting firm any audit problems or difficulties and management’s response;\n\n \n\n \n●\nreviewing\nand approving all proposed related-party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;\n\n \n\n \n●\ndiscussing\nthe annual audited financial statements with management and our independent registered public accounting firm;\n\n \n\n \n●\nannually\nreviewing and reassessing the adequacy of our audit committee charter;\n\n \n\n \n●\nmeeting\nseparately and periodically with management and our independent registered public accounting firm;\n\n \n\n \n●\nreporting\nregularly to the full board of directors; and\n\n \n\n \n●\nperforming\nsuch other matters that are specifically delegated to the audit committee by our board of directors from time to time.\n\n \n\n**Compensation\nCommittee**\n\n \n\nOur\ncompensation committee consists of Mr. Lei Zhang, Mr. Shengwen Rong and Mr. Liqun Li. Mr. Lei Zhang is the chairman of our compensation\ncommittee. We have determined that each of Mr. Shengwen Rong and Mr. Liqun Li satisfies the “independence” requirements of\nthe Nasdaq Stock Market Rules.\n\n \n\nThe\ncompensation committee assists the board in reviewing and approving the compensation structure, including all forms of compensation,\nrelating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which\nhis compensation is deliberated.\n\n \n\n144\n\n \n\n \n\nThe\ncompensation committee is responsible for, among other things:\n\n \n\n \n●\nreviewing\nand recommending to the board the total compensation package for our four most senior executives;\n\n \n\n \n●\napproving\nand overseeing the total compensation package for our executives other than the four most senior executives;\n\n \n\n \n●\nreviewing\nand making recommendations to the board of directors with respect to the compensation of our directors; and\n\n \n\n \n●\nreviewing\nperiodically and recommending any long-term incentive compensation or equity plans, programs or similar arrangements for consideration\nby the board of directors, annual bonuses, employee pension and welfare benefit plans.\n\n \n\n**Nominating\nand Corporate Governance Committee**\n\n \n\nOur\nnominating and corporate governance committee consists of Mr. Huichuan Ren, Mr. Shengwen Rong and Ms. Xiufang Li. Ms. Xiufang Li is the\nchairperson of our nominating and corporate governance committee. We have determined that each of Mr. Shengwen Rong and Ms. Xiufang Li\nsatisfies the “independence” requirements of the Nasdaq Stock Market Rules.\n\n \n\nThe\nnominating and corporate governance committee assists the board of directors in selecting directors and in determining the composition\nof our board and board committees. The nominating and corporate governance committee is responsible for, among other things:\n\n \n\n \n●\nidentifying\nand recommending nominees for election or re-election to our board of directors, or for appointment to fill any vacancy;\n\n \n\n \n●\nreviewing\nannually with our board of directors its composition in light of the characteristics of independence, age, skills, experience and\navailability of service to us;\n\n \n\n \n●\nidentifying\nand recommending to our board the directors to serve as members of committees;\n\n \n\n \n●\nadvising\nthe board periodically with respect to developments in the law and practice of corporate governance as well as our compliance with\napplicable laws and regulations;\n\n \n\n \n●\nmaking\nrecommendations to our board of directors on corporate governance matters and on any corrective action to be taken; and\n\n \n\n \n●\nmonitoring\ncompliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to\nensure compliance.\n\n \n\n**Duties\nof Directors**\n\n \n\nUnder\nCayman Islands law, our directors have a fiduciary duty to act honestly, in good faith and with a view to our best interests. Our directors\nalso have a duty to exercise their skills and such care and diligence that a reasonably prudent person would exercise in comparable circumstances.\nIn fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of association as may be\namended from time to time. We have the right to seek damages against any director who breaches a duty owed to us.\n\n \n\n**Code\nof Business Conduct and Ethics and Corporate Governance**\n\n \n\nWe\nhave adopted a code of business conduct and ethics, which are applicable to all of our directors, executive officers and employees. We\nhave made our code of business conduct and ethics publicly available on our website.\n\n \n\n145\n\n \n\n \n\nIn\naddition, we have adopted a set of corporate governance guidelines covering a variety of matters, including approval of related party\ntransactions.\n\n \n\n**Terms\nof Directors and Officers**\n\n \n\nOur\ndirectors are not subject to a term of office and hold office until their resignation, death or incapacity or until their respective\nsuccessors have been elected and qualified in accordance with our articles of association.\n\n \n\nA\ndirector will be removed from office automatically if, among other things, the director (1) dies, becomes bankrupt or makes any arrangement\nor composition with his creditors, (2) is found to be or becomes of unsound mind, (3) resigns his or her office by notice in writing\nto the Company, (4) without special leave of absence from\nthe board of directors of the Company, is absent from meetings of the board of directors of the Company for three consecutive meetings\nand the board of directors of the Company resolves that his office be vacated, or (5) is removed from office pursuant to any other provision of our articles of association.\n\n \n\nOur\nofficers are appointed by and serve at the discretion of the board of directors, and may be removed by our board of directors.\n\n \n\n**D.\nEmployees**\n\n \n\nWe\nhad a total of 469 full-time employees as of December 31, 2025. The following table provides a breakdown of our employees as of December\n31, 2025 by function:\n\n \n\nFunction \nNumber \n\nHeadquarters \n   \n\nTechnology \n 67\n\nFinance \n 10\n\nGeneral and administrative \n 37\n\nOthers \n 29\n\nSubtotal \n 143\n\n  \n   \n\nCheche Insurance Sale\n& Service Division \n   \n\nAdministrative \n 24\n\nFinance \n 42\n\nService \n 260\n\nSubtotal \n 326\n\nTotal \n 469\n\n \n\nAs\nof December 31, 2025, 127 of our employees were based in the headquarters in Beijing and corporate offices in Guangdong province. The\nrest of our employees were based in other provinces in China. 46.9% of the employees at our headquarters were technology-related personnel\nas of December 31, 2025.\n\n \n\nOur\nsuccess depends on our ability to attract, retain and motivate qualified personnel. We have established procedures and standards in recruiting\nemployees through various channels, including internal referrals, job fairs and recruiting agents.\n\n \n\nOur\nsenior management team possesses significant experience in technology and insurance industries. Before joining, our senior management\nmembers worked at China’s leading internet and technology companies, insurance companies and financial institutions, such as BlackRock,\nGEICO, PICC, Anxin P&C Insurance Co., Ltd. and Tsinghua Tongfang.\n\n \n\nAs\nrequired by regulations in China, we participate in various government statutory employee benefit plans. PRC law requires that we contribute\nto employee benefit plans at specified percentages of salaries and bonuses, and provide allowances to our employees specified by local\ngovernments.\n\n \n\n146\n\n \n\n \n\nWe\nwork to identify, attract, and retain employees who are aligned with and will help progress with our mission, and we seek to provide\nemployees with competitive cash and equity compensation. We have not had any labor disputes that materially interfered with our operations.\nWe believe that we have a good relationship with our employees, and that our strong culture differentiates us and is a key driver of\nour business success.\n\n \n\n**E.\nShare Ownership**\n\n \n\nInformation\nregarding the ownership of our Ordinary Shares by our directors and executive officers is set forth in Item 7.A of this annual report.\n\n \n\n**F.\nDisclosure of A Registrant’s Action to Recover Erroneously Awarded Compensation**\n\n \n\nNot\nApplicable."}