For additional information regarding the Series A Preferred Stock issued by CCCIS Cayman Holdings Limited, an indirect majority owned subsidiary of the Company and parent of the Company's China subsidiaries (“CCC Cayman”), including the terms of the related stock purchase agreements and redemption features, see “Note 17. Redeemable Non-Controlling Interest” of our Annual Report on Form 10-K for the year ended December 31, 2025.

On March 17, 2025, the Company received a notice of redemption under the Series A Preferred Stock purchase agreement and related documents. Upon receipt of the notice, the Series A Preferred Stock became mandatorily redeemable and payable by CCC Cayman, without recourse to the Company, and was no longer presented within mezzanine equity as a redeemable non-controlling interest.

As of June 30, 2026, no redeemable non-controlling interest was outstanding. The related obligation is presented as a note payable to minority investor by CCC Cayman and without recourse to the Company within current liabilities on the Company’s condensed consolidated balance sheet. See Note 16 for additional information.

There was no accretion of redeemable non-controlling interest during the three and six months ended June 30, 2026. During the six months ended June 30, 2025, the Company recorded $1.3 million of accretion and reclassified $23.0 million from redeemable non-controlling interest to note payable to minority investor upon receipt of the redemption notice.