Cango Inc. announced that a 10-for-1 share consolidation of its authorized, issued, and outstanding Class A ordinary shares and Class B ordinary shares became effective at 5:00 P.M. U.S. Eastern Time on July 20, 2026. The company expects its Class A ordinary shares to begin trading on the New York Stock Exchange on a post-share consolidation basis at the opening of trading on July 21, 2026, under the existing ticker symbol "CANG" and a new CUSIP number of G1820C 110.

Share Capital Structure

Following the consolidation, the company's authorized share capital remains US$100,000, divided into 100,000,000 ordinary shares with a par value of US$0.001 each. The share structure comprises 92,067,428 Class A ordinary shares and 7,932,572 Class B ordinary shares.

Corporate Overview

Cango Inc. is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The company's mining operations span across North America, the Middle East, South America, and East Africa. Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

Cango will consolidate its Class A and Class B ordinary shares on a 10-for-1 basis, effective July 20, 2026, at 5:00 P.M. Eastern Time. This reverse stock split will combine every ten shares into one share of the same class, reducing the total number of outstanding shares while maintaining the company's authorized share capital at US$100,000. The move aims to adjust the share structure without altering the overall capital base.

Following the consolidation, Cango's authorized share capital will be divided into 100,000,000 ordinary shares with a par value of US$0.001 each. This will comprise 92,067,428 Class A ordinary shares and 7,932,572 Class B ordinary shares, both carrying the same par value. The restructuring does not impact the total monetary value of the authorized capital.

Trading of Cango's Class A ordinary shares on the New York Stock Exchange will resume on a post-consolidation basis at the opening of trading on July 21, 2026. The shares will continue to trade under the existing ticker symbol 'CANG' but will be assigned a new CUSIP number, G1820C 110, to reflect the change in share structure.

No fractional shares will be issued as part of the consolidation. Shareholders entitled to fractional shares will see their holdings rounded down to the nearest whole share. Any fractional shares resulting from the process will be cancelled and returned to the pool of authorized but unissued shares without any consideration paid to the holders.

Share Structure Post-Consolidation