Cango Inc. held its Second Extraordinary General Meeting on July 17, 2025. All resolutions presented were approved. Proposals included the execution and performance of a Securities Purchase Agreement for the secondary sale of 10 million Class B ordinary shares to Enduring Wealth Capital Limited for US$70 million, the repurchase of automatically converted Class A ordinary shares, and the issuance of an equivalent number of Class B ordinary shares. Shareholders also approved an increase in the Company's authorized share capital and the adoption of the Fourth Amended and Restated Memorandum and Articles of Association to reflect the updated share capital structure.
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