Shanghaiand March 26, 2025 ” Encryption Mining machines with a total of 18 Exhash per second (“eH”) through the Edition of the Ordinary A. Category to the sellers (“the transactions that are placed in the arrows”). The company announced the signing of the sales and purchase agreement on the plural (“purchase agreement”) for the specified accountability Transactions On November 6, 2024, which was considering closing the transactions that were connected by March 31, 2025 (“Long Stopping Date”). The company announced on March 14, 2025 that it received a non -binding initial intention (“intentional letter”) from the Wealth Capital Limited (“EWCL”), which suggested the acquisition of control of the company by EWCL and the disposal of the company’s current business in PRC to the buyer provided by EWCL. Since the proposed transactions in the intention letter may affect some provisions in the purchase agreement, the company reached an amendment agreement with sellers for transactions set on March 25, 2025 for the only purpose of expanding the long stopping scope to July 31, 2025 so that the company and sellers have sufficient time to evaluate any more agreement to buy if the company is represented. intention.
As the company previously announced, the company has completed the acquisition of Rack Encryption Mining machines with embodiment of 32EH for the total purchase price we256 million dollars Criticism, or the deal stable, on November 15, 2024. The closure of independent stock transactions is subject to certain closing conditions that have not been satisfied or assigned to them yet, and the company works with the relevant parties to close the transactions that have been expanded. There can be no guarantee that the closing conditions will be satisfied and the transactions that have been settled will be completed before they are completed before the long stop date or at all.
About Cango Inc.
Cango Inc. (NYSE: cang) in the first place Bitcoin Mining works. The headquarters is located in Shanghai, ChinaCango has published the mining process through strategic sites, including north americaand The Middle Eastand south americaAnd East Africa. Kango expanded to Encryption The Asset Market in November 2024, driven by development in Blockchain technology, and increased spread Encryption Assets and their endeavors to diversify their work. Meanwhile, Kango continued to operate the auto transactions service in China Since 2010, it aims to make the purchase of cars simple and enjoyable. For more information, please visit: www.cangonline.com.
A safe port statement
This advertisement contains aspiration data. This data is made according to the provisions of “Safe Harbour” from the 1995 Law of litigation in the United States. Data that are not historical facts, including data about CANGO beliefs and their expectations, are aspiring data. Informed data includes inherent risks and doubts. A number of factors can cause actual results materially from those in any aspective statement, including but not limited to the following: Cango’s goal and strategies; Plans of expansion in Kangu; Development of Kangu works in the future, financial situation and operations results; Kango expectations regarding demand, and the market acceptance of its solutions and services; Cango expectations regarding maintaining their relationships with merchants, financial institutions, auto buyers and other platform participants; General economic and commercial conditions; The basic assumptions or related to any of the above. More information related to these risks and others is included in the Cango files with SEC. All the information provided in this press statement and in the attachments is from the date of this press statement, and Cango does not undertake any commitment to update any aspective phrase, except for what is required under the applicable law.
Investor relationships
Yio Liu
Cango Inc.
Tel: +86 21 3183 5088 Ext.5581
Email: Ir@cangonline.com
Helen Woo
Piacente Financial Etisalat
Phone: +86 10 6508 0677
Email: Ir@cangonline.com
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Source Cango Inc.
