Cango Inc. Eliminates ADR Program, Directly List Class A Shares on NYSE

Cango Inc. has announced its decision to discontinue its American Depositary Receipt (ADR) program and list its Class A common shares directly on the New York Stock Exchange. This strategic move aims to benefit both the company and its shareholders. The direct listing will provide U.S. investors with greater accessibility and control over their shareholdings, eliminating the need for intermediaries and associated fees.