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TuanChe Limited Announces Planned Name Change to Token Cat Limited

1. TuanChe Limited will change its name to 'Token Cat Limited' by February 28, 2025. 2. The company continues trading under the symbol 'TC'; CUSIP number remains unchanged. 3. TuanChe is exploring entry into the cryptocurrency sector, indicating strategic diversification. 4. The company connects automotive consumers with manufacturers and service providers effectively. 5. Forward-looking statements warn of risks and uncertainties in business plans and market conditions.

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Why Bullish?

The name change to 'Token Cat' signifies a potential pivot towards cryptocurrency, which could attract investor interest as seen with other companies leveraging tech advancements. Historical examples include firms like Square rebranding to Block, which positively impacted their valuations.

How important is it?

The strategic name change along with potential cryptocurrency ventures are critical for TuanChe's future growth and market positioning, likely influencing investor sentiment and stock performance.

Why Long Term?

While immediate effects may be minimal, long-term impacts depend on successful transition into cryptocurrency, paralleling other tech companies capitalizing on blockchain innovations for sustained growth.

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February 14, 2025 17:00 ET  | Source: TuanChe Limited BEIJING, China, Feb. 14, 2025 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ: TC), a leading automotive marketplace platform in China, is pleased to announce that effective on or around February 28, 2025, the Company will change its name to “Token Cat Limited.” The Company’s ADSs will continue trading on the Nasdaq Capital Market under the trading symbol “TC”, and the CUSIP number shall remain unchanged. About TuanChe Limited Founded in 2010, TuanChe Limited (NASDAQ: TC), is China's leading automotive marketplace platform. TuanChe is dedicated to connecting automotive consumers with manufacturers, dealers, and service providers. By integrating its digital platforms with offline sales events, TuanChe offers comprehensive automotive marketing and transaction services. Through its integrated marketing strategies, TuanChe transforms individual and independent car purchases into large-scale group buying experiences, using an interactive many-to-many model. 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. TuanChe is currently exploring ways to enter into the cryptocurrency sector. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, business outlook, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. For investor and media inquiries, please contact: TuanChe LimitedInvestor RelationsTel: +86 (10) 6397-6232Email: ir@tuanche.com Piacente Financial CommunicationsBrandi PiacenteTel: +1 (212) 481-2050Email: tuanche@tpg-ir.com SOURCE TuanChe Limited

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