TC TuanChe Ltd ADS (N Shares)

TuanChe Limited Announces Results of Annual General Meeting of Shareholders

TuanChe Limited Announces Results of Annual General Meeting of Shareholders

BEIJING, Nov. 18, 2019 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe" or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced the results of the Company's 2019 Annual General Meeting of Shareholders ("2019 AGM") held on November 15, 2019, at 10:00 a.m. China Standard Time in Beijing, China. Each of the proposals submitted for shareholder approval at the 2019 AGM has been approved. Specifically, the shareholders have passed resolutions approving:

  1. The removal of Mr. Hongchuan Thor from the Board and from the audit committee of the Board; Ms. Yu Long from the Board and from the nominating and corporate governance committee of the Board; Mr. Yang Zhao from the Board and from the compensation committee of the Board; Mr. Yaping Yao from the Board and from the audit committee and the compensation committee of the Board; and Ms. Wendy Hayes from the nominating and corporate governance committee of the Board;
  2. The appointment of Mr. Zijing Zhou as an independent Director of the Board, and as a member of the nominating and corporate governance committee, the audit committee, and the compensation committee of the Board; Mr. Zhishuo Liu as a member of the audit committee of the Board; and Mr. Wei Wen as a member and chair of the compensation committee and the nominating and corporate governance committee of the Board;
  3. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019; and
  4. The amendment of Article 90(c) of the Seventh Amended and Restated Articles of Association of TuanChe Limited to read “No person shall, unless recommended by the Directors for election, be eligible for election as a Director at any general meeting.”

About TuanChe

Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading omni-channel 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. TuanChe also provides virtual dealership services by connecting automakers and franchised dealerships with secondary dealers, which ultimately helps automakers penetrate and expand into lower-tier cities. 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 .

For investor and media inquiries, please contact:

TuanChe Limited

Cynthia Tan

Tel: 2

Email:

ICR, Inc.

Jack Wang

Tel:

Email:

EN
18/11/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TuanChe Ltd ADS (N Shares)

 PRESS RELEASE

TuanChe Limited Filed Its Annual Report on Form 20-F

TuanChe Limited Filed Its Annual Report on Form 20-F BEIJING, May 19, 2020 (GLOBE NEWSWIRE) -- TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on May 18, 2020. The annual report, which contains the Company’s audited consolidated financial statements, can be accessed on the Company's investor relations website at / or the SEC's website at The Company will also provide a hard ...

 PRESS RELEASE

TuanChe Provides Update on Business Impact from COVID-19 Epidemic

TuanChe Provides Update on Business Impact from COVID-19 Epidemic BEIJING, Feb. 26, 2020 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe" or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that it anticipates both financial and operating results for March 2020 and the first quarter as a whole, to be materially and adversely impacted by the COVID-19 epidemic in China (the “Epidemic”). The Company previously announced on January 30, that it would be suspending all offline sales events in February. This decision was made in accordance with ...

 PRESS RELEASE

TuanChe Expects Adverse Impact from Coronavirus Outbreak

TuanChe Expects Adverse Impact from Coronavirus Outbreak BEIJING, Jan. 30, 2020 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe" or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that its financial and operating results for the first quarter of 2020 are expected to be materially and adversely affected by the recent and fast-evolving coronavirus outbreak in the central city of Wuhan (in Hubei province) and other cities in China (the “Outbreak”). As a result of the Outbreak and widespread public concerns, the Company has to significantly ...

 PRESS RELEASE

TuanChe Announces Closing of Longye Acquisition

TuanChe Announces Closing of Longye Acquisition BEIJING, Jan. 13, 2020 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe" or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that the closing of the acquisition transaction (the “Closing”) pursuant to the share purchase agreement (the “Agreement”) with, among other parties, Longye International Limited, a company incorporated in the Cayman Islands (“Longye”), took place on January 13, 2020 (the “Closing Date”). Following the Closing, the Company has acquired the entire equity interest in Longy...

 PRESS RELEASE

TuanChe Announces Unaudited Third Quarter 2019 Financial Results

TuanChe Announces Unaudited Third Quarter 2019 Financial Results BEIJING, Nov. 26, 2019 (GLOBE NEWSWIRE) -- TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the third quarter and first nine months ended September 30, 2019.               Third Quarter 2019 Financial and Operating Highlights Compared with the Prior Year Period Net revenues decreased by 12.7% to RMB135.6 million (US$19.0 million) from RMB155.3 million.Gross profit decreased by 14.5% to RMB93.2 million (US$1...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch