financial-information
Investor FAQ

Investor FAQ

1. What is Cango Inc.’s business?

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China.

2. How did Cango decide to pivot into cryptocurrency?

Founded in 2010 and listed on the NYSE in 2018, Cango has long been a key player in China’s automotive industry. Early on, the Company made a strategic investment in Li Auto, expanding into NEVs and renewable energy. Post-pandemic credit tightening prompted Cango’s pivot from auto financing to new and used car trading.


By 2022, the Company deepened its focus on energy projects while capitalizing on the AI-driven computing power boom—solidifying its shift toward "energy + computing power". Recognizing Bitcoin mining’s potential in grid balancing and excess energy utilization, Cango acquired 32 EH/s deployed miners in November 2024, swiftly establishing itself in the sector.

3. What are Cango Inc.’s offices located?

Cango Inc. has offices in Hong Kong and Shanghai, China. The detailed addresses are:


Hong Kong Office

Room 2605, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong, People’s Republic of China.


Shanghai Office

8F, New Bund Oriental Plaza II, 556 West Haiyang Road, Pudong New Area, Shanghai 200124, People’s Republic of China.

4. When does Cango Inc.'s fiscal year end?

Cango Inc.'s fiscal year ends on December 31.

5. On which exchange is Cango Inc.'s stock traded and what is the ticker symbol?

Cango Inc.’s American Depositary Shares (ADSs) have been listed on the New York Stock Exchange since July 18, 2018, under the symbol "CANG".

6. How many Cango Inc.'s ordinary shares does one American Depositary Share ("ADS") of the Company represent?

Each ADS of Cango Inc. represents two Class A ordinary shares. Our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share will be entitled to one vote, and each Class B ordinary share will be entitled to 20 votes and will be convertible into one Class A ordinary share.

7. How can I obtain a copy of Cango Inc.’s Annual Report?

Annual reports will be accessed on this website at ir.cangoonline.com or the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

8. Who is Cango Inc.'s auditor?

MaloneBailey, LLP

9. Who is Cango Inc.'s US legal counsel?

Simpson Thacher & Bartlett LLP

10. Who is Cango Inc.'s Depositary Bank for ADSs?

Citibank, N.A.

11. How can I contact Cango Inc.'s Investor Relations Department?

Investor Relations Contact

Yihe Liu

Cango Inc.

+86 21 3183 5088 ext.5581

Email: ir@cangoonline.com

 

Helen Wu

Piacente Financial Communications.

Tel: +86 10 6508 0677

Email: ir@cangoonline.com