[Cango Announces $10.5 Million New Equity Investment from EWCL] Odaily Planet Daily News – Cango announced that Enduring Wealth Capital Limited (EWCL) has decided to increase its holdings of Cango Class B ordinary shares. EWCL currently holds approximately 36.68% of the total voting rights of the company’s issued shares and has decided to subscribe for additional Class B ordinary shares of the company in cash, thereby increasing its investment in the company. According to the investment agreement signed between the company and EWCL on December 29, 2025, the company will issue and deliver 7,000,000 Class B ordinary shares to EWCL, with each share carrying 20 voting rights. EWCL will subscribe to and purchase these shares for a total purchase price of $10.5 million, equivalent to $1.5 per share (the "Proposed Investment"). Upon completion of the Proposed Investment, EWCL's shareholding in the company is expected to increase from approximately 2.81% to approximately 4.69% (as a percentage of the total issued shares). Correspondingly, EWCL's voting rights are expected to increase from approximately 36.68% to approximately 49.61% (as a percentage of the total issued shares).