Core Insights - Token Cat Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC on March 28, 2025 [1][2]. Company Overview - Token Cat Limited, founded in 2010 and formerly known as TuanChe Limited, is a leading automotive marketplace platform in China [3]. - The company connects automotive consumers with manufacturers, dealers, and service providers, integrating digital platforms with offline sales events [3]. - Token Cat offers comprehensive automotive marketing and transaction services, transforming individual car purchases into large-scale group buying experiences through an interactive many-to-many model [3]. - The company leverages proprietary data analytics and an advanced digital marketing system to enhance the efficiency and effectiveness of advertising placements for industry customers [3]. - Token Cat is currently exploring opportunities to enter the cryptocurrency sector [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

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), ...

Core Viewpoint - TuanChe Limited plans to adopt DeepSeek's R1 model to enhance its intelligent service system, aiming to improve smart marketing and user interaction in the automotive marketplace [1][5]. Group 1: Technological Integration - The DeepSeek R1 model features advanced reasoning capabilities through a multi-stage loop training approach, excelling in mathematical operations, code analysis, and natural language reasoning tasks [2]. - TuanChe's selection of the DeepSeek R1 model highlights its robust reasoning abilities and self-learning characteristics, which will optimize user data analysis and intelligent recommendation systems [3]. Group 2: Service Enhancement - By incorporating the DeepSeek R1 model, TuanChe aims to leverage deep learning algorithms to analyze user behavior and market data, enabling more personalized service recommendations [4]. - The open-source nature of the R1 model allows TuanChe flexibility for secondary development and tailored applications, addressing diverse customer needs and business requirements [4]. Group 3: Strategic Implications - The adoption of DeepSeek R1 represents a significant milestone in TuanChe's digital and intelligent strategic upgrade, expected to drive the digital transformation of the automotive marketplace [5]. - This strategic decision is anticipated to inject new momentum into TuanChe's growth and facilitate the application of intelligent technologies within the automotive industry [5]. Group 4: Company Overview - TuanChe Limited, founded in 2010, is a leading automotive marketplace platform in China, connecting consumers with manufacturers, dealers, and service providers [6]. - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services, transforming individual car purchases into large-scale group buying experiences [6].

Core Insights - TuanChe Limited plans to adopt DeepSeek's R1 model to enhance its holographic AI applications, aiming to improve technological capabilities in digital content generation and interaction [1][6] Group 1: Technological Advancements - The DeepSeek R1 model enhances deep reasoning abilities through a multi-stage loop training approach, excelling in mathematics, coding, and natural language reasoning [2] - DeepSeek R1's reinforcement learning allows for autonomous learning of complex reasoning strategies, reducing the need for large labeled datasets [2][3] - TuanChe aims to optimize holographic image creation processes by leveraging R1's robust inference algorithms, enabling precise capture and reconstruction of 3D objects [4] Group 2: Strategic Integration - The integration of DeepSeek R1 is a pivotal step in TuanChe's technological development, with plans for continued investment in AI and holographic technologies [6] - TuanChe intends to utilize R1's open-source nature for secondary development and customization to meet diverse customer needs [5] Group 3: Future Outlook - As TuanChe advances its integration of DeepSeek R1, it is expected to unveil more realistic and intelligent holographic digital content in the near future [7]

BEIJING, China, Jan. 23, 2025 (GLOBE NEWSWIRE) -- TuanChe Limited (“TuanChe,” “Company,” “we,” or “our”) (NASDAQ: TC), a leading automotive marketplace platform in China, announced today that on January 16, 2025, it received two notification letters from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”). The letters notified the Company of its non-compliance with the annual meeting requirement and the minimum stockholders’ equity requirement, as outlined in the Nasdaq Listing ...

BEIJING, Nov. 21, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ: TC) is pleased to announce that it has entered into an advisory agreement with Waterside Inc. ("Waterside") to assist TuanChe in identifying suitable cryptocurrency mining equipment and related resources. This collaboration marks an important step in TuanChe's exploration of new business opportunities in the digital economy.On November 13, 2024, the price of Bitcoin surged again, surpassing $90,000 per coi ...

BEIJING, Oct. 24, 2024 (GLOBE NEWSWIRE) --  TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 761,719 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrants to purchase ADSs ("ADS Equivalents") in lieu thereof). In a concurrent private placement, the Company agreed to issue and sell unre ...

Core Viewpoint - TuanChe Limited reported significant declines in net revenues and gross profit for the first half of 2024, attributed to intensified competition and a challenging macroeconomic environment, while also highlighting improvements in operational efficiency and cost management [3][4]. Financial Performance - Net revenues decreased by 64.9% to RMB32.3 million (US$4.4 million) from RMB92.2 million in the same period of the prior year [4]. - Gross profit fell by 61.7% to RMB22.4 million (US$3.1 million) compared to RMB58.4 million in the same period of the prior year, with a gross margin of 69.2% [6]. - Adjusted net loss attributable to shareholders decreased by 25.9% to RMB27.2 million (US$3.7 million) from RMB36.7 million in the same period of the prior year [10]. Revenue Breakdown - Revenues from offline marketing services decreased by 71.2% to RMB19.9 million (US$2.7 million) due to reduced customer marketing budgets [5]. - Revenues from online marketing services decreased by 70.7% to RMB2.6 million (US$0.4 million), primarily due to fewer live streaming events [5]. - Revenues from other services decreased by 12.7% to RMB9.6 million (US$1.3 million) [5]. Operating Expenses - Total operating expenses decreased by 38.5% to RMB69.8 million (US$9.6 million) from RMB113.6 million in the same period of the prior year [7]. - Selling and marketing expenses decreased by 54.7% to RMB36.5 million (US$5.0 million) [8]. - General and administrative expenses increased by 2.6% to RMB24.3 million (US$3.3 million) [8]. Loss from Operations - Loss from operations decreased by 14.0% to RMB47.5 million (US$6.5 million) from RMB55.2 million in the same period of the prior year [9]. Cash Flow and Balance Sheet - As of June 30, 2024, the company had RMB5.0 million (US$0.7 million) in cash and cash equivalents and RMB4.3 million (US$0.6 million) in restricted cash [11]. - Net cash used in operating activities was RMB11.1 million (US$1.5 million), a significant reduction from RMB52.4 million in the same period of the prior year [11].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...