Houlihan Capital Provides Fairness Opinion to Prime Impact

Houlihan Capital acted as financial advisor and provided a Fairness Opinion to Prime Impact Acquisition I ("Prime Impact"), a publicly traded special purpose acquisition company (SPAC), in support of its proposed business combination with Cheche Group Inc. (“Cheche”), a leading auto insurance technology platform in China.(1)

The announcement of the completion of the business combination comes after Prime Impact's shareholders voted to approve the transaction on September 12, 2023 and all remaining closing conditions were met. Complete official results of the vote are included in a current report on Form 8-K filed by Prime Impact on September 13, 2013, with the United States Securities and Exchange Commission at www.sec.gov.

The combined company, Cheche Group Inc., began trading on the Nasdaq Stock Market under the ticker symbol "CCG" on September 18, 2023.

For any questions regarding this transaction, or inquiries regarding SPAC fairness opinions, please contact:

Ted Frecka, CFA, CVA
Director
tfrecka@houlihancapital.com

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