Cango Inc. Announces Investment Increase by Enduring Wealth Capital Limited

According to Foresight News, Cango Inc. has announced that its sole Class B ordinary shareholder, Enduring Wealth Capital Limited (EWCL), has decided to increase its investment in the company through a cash subscription. Under the investment agreement signed on December 29, 2025, Cango Inc. will issue 7,000,000 Class B ordinary shares to EWCL, each carrying 20 votes. EWCL will subscribe to these shares for a total of $10.5 million, equating to $1.5 per share. Following this investment, EWCL's ownership in the company will rise from approximately 2.81% to 4.69%, with voting rights increasing from about 36.68% to 49.61%. The completion of this investment is subject to customary conditions, including approval from the New York Stock Exchange, and is expected to be finalized in January 2026. However, there is no guarantee that all conditions for the completion of the investment will be met.