TuanChe Announced Resignation of Deputy CFO

Rhea-AI Summary

TuanChe Limited (NASDAQ: TC) announced the immediate resignation of Deputy CFO Chenxi Yu due to personal reasons, with no reported disagreements with the company. The Board is actively seeking a replacement to fill this key financial position. Founded in 2010, TuanChe is a prominent integrated automotive marketplace in China, connecting consumers with automakers and dealers, and enhancing marketing efficiency through data analytics and online platforms.

Positive

• The Company is actively seeking a qualified replacement for the Deputy CFO position, suggesting ongoing commitment to strong leadership.

Negative

• The sudden resignation of the Deputy CFO may raise concerns about leadership continuity and experience gaps in the financial department.

BEIJING, Dec. 23, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that Mr. Chenxi Yu, the Company's Deputy Chief Financial Officer, informed the Company of his intention to resign from his position due to personal reasons. The resignation of Mr. Yu is effective immediately and did not result from any disagreement with the Company.

The Board is actively seeking qualified talents to fill the vacancy created by Mr. Yu's resignation.

About TuanChe

Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading integrated automotive marketplace in China. TuanChe offers services to connect automotive consumers with various industry players such as automakers, dealers and other automotive service providers. TuanChe provides automotive marketing and transaction related services by integrating its online platforms with offline sales events. Through its integrated marketing solutions, TuanChe turns individual and isolated automobile purchase transactions into large-scale collective purchase activities by creating an interactive many-to-many environment. Furthermore, leveraging its proprietary data analytics and advanced digital marketing system, TuanChe's online marketing service platform helps industry customers increase the efficiency and effectiveness of their advertising placements.

For more information, please contact ir@tuanche.com.

For investor and media inquiries, please contact:

TuanChe Limited
Investor Relations
Tel: +86 (10) 6397-6232
Email: ir@tuanche.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/tuanche-announced-resignation-of-deputy-cfo-301709516.html

SOURCE TuanChe Limited

FAQ

What prompted Chenxi Yu's resignation from TuanChe Limited (TC)?

Chenxi Yu resigned for personal reasons, with no disagreements reported.

Who will replace Chenxi Yu as Deputy CFO of TuanChe?

The Board of TuanChe is currently seeking qualified candidates to fill the Deputy CFO vacancy.

What impact could the resignation of the Deputy CFO have on TuanChe (TC)?

The resignation may affect leadership stability and investor confidence until a replacement is appointed.