🚨 Cango Inc. Ends ADR Program — Moves to Direct Listing on NYSE!

Cango Inc. 🏢 has officially announced that it’s terminating its ADR (American Depositary Receipt) program and will instead list its Class A ordinary shares directly on the New York Stock Exchange (NYSE) 💼📊

This change aims to:

✨ Give U.S. investors more direct ownership rights

💰 Cut down on extra fees tied to the ADR structure

⚙️ Simplify share trading and improve transparency

🗓 The termination notice for ADS (American Depositary Share) holders is expected to take effect around October 15, 2025. Investors will get detailed instructions soon on how to convert or redeem their ADS holdings 🔄

Overall, this move shows Cango’s effort to streamline its U.S. listing and strengthen its connection with global investors 🌍📈

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