Cheche Group Inc. Class A Ordinary Shares

Cheche Group Inc. has announced a proposed strategic investment in Long Way Fortune, the residential solar-plus-storage business associated with the EnergyLIB brand, a move EnergyLIB says marks the start of its next growth phase. The parties have entered into a non-binding term sheet, and Cheche Group said the transaction, if completed, would represent an important step in its expansion into the global residential energy market. EnergyLIB, which is based in Australia, said it is preparing for broader international expansion while extending its capabilities from home energy hardware toward intelligent home energy management. The company said intelligent home energy management will be a key strategic priority for its next stage, working toward an integrated system in which batteries, inverters, software and energy-management capabilities operate together. EnergyLIB said the direction is consistent with Cheche Group's stated plan to expand into residential energy as part of its broader Green Mobility plus Green Energy strategy, though it cautioned there can be no assurance that definitive agreements will be executed or that the proposed transaction will be completed on the proposed terms, within the anticipated timeframe, or at all.