Cango Inc. to Terminate ADR Program and Directly List Class A Shares

According to Foresight News, Cango Inc.'s board of directors has decided to terminate its American Depositary Receipt (ADR) program and directly list its Class A common shares on the New York Stock Exchange. This move is deemed to be in the best interest of the company and its shareholders. The direct listing will enable U.S. investors to exercise shareholder rights directly, eliminating the need to go through a depositary institution and avoiding the associated fees for ADS holders. The company has instructed the depositary institution to issue a termination notice to American Depositary Share (ADS) holders on October 15, 2025. This notice will provide further details regarding the termination of the ADR program.