SHANGHAI, Dec. 21, 2021 /PRNewswire/ -- Cango Inc. (NYSE:
CANG) ("Cango" or the "Company"), a leading automotive transaction
service platform in China, received a "Best Investment Value
for Listed Companies" award at the 11th China Securities
Golden Bauhinia Awards. This prestigious award recognizes Cango's
outstanding accomplishments, diverse business services and solid,
comprehensive strength.
The China Securities Golden Bauhinia Awards, organized by Hong
Kong Ta Kung Wen Wei Media Group, are a trusted, large-scale,
premiere selection event honoring top-performing listed companies
in Mainland China and Hong Kong.
The Golden Bauhinia Awards are widely recognized as the "Oscars"
for listed companies and have become an important benchmark for
investors at home and abroad when following the developments of
China's capital markets and listed
companies. The judging panel evaluates listed companies
according to principles of fairness, openness and justice and
formulates a comprehensive score for each candidate based on
various metrics and expert opinions. This year, over 70 winners
were chosen, boasting a combined market value of RMB100 trillion.
Cango management commented that it is a
great honor to receive this distinguished award. It is a powerful
testament to our dedication to excellence and our business model's
flexibility and resilience as we grow from an automotive financing
facilitator into a comprehensive car transaction services platform.
Cango remains committed to its goal of becoming an auto service
platform of choice by facilitating easy and enjoyable car purchase
experiences. Furthermore, Cango will continuously strive to reward
all its investors with better performance and more generous
dividends.
Since its inception more than 10 years ago, Cango's business has
evolved from its original automotive financing facilitation
services model (Model 1.0) into a supply chain model, covering car
trading transactions, automotive financing facilitation and
after-market services facilitation (Model 2.0). Cango is now
working towards Model 3.0 – building a platform to reshape the
relationship between people, goods and the market through
technology-empowered automotive trading
and financing services and its unique closed service loop,
creating value for each participant along the car trading
transaction chain.
Cango has established cooperation with dozens of medium-sized
and large commercial banks, such as Industrial and Commercial Bank
of China, WeBank, Shanghai Bank,
MYBank, as well as a dozen insurance agencies including Pacific
Insurance and Zhong'an Insurance, among others. In addition, it has
collaborated with major OEMs of both traditional automobile and new
energy vehicle manufacturers and connected around 50,000 registered
dealers across the country, providing services to more than 1.9
million car buyers.
Endorsed by multiple Internet giants and financial capital
providers, Cango has completed three rounds of financing totaling
USD650 million. Tencent, Didi Chuxing, Taikang Insurance, Warburg
Pincus and other heavyweight institutions are among Cango's
strategic shareholders.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction
service platform in China
connecting dealers, financial institutions, car buyers, and other
industry participants. Founded in 2010 by a group of pioneers in
China's automotive finance
industry, the Company is headquartered in Shanghai and engages car buyers through a
nationwide dealer network. The Company's services primarily consist
of automotive financing facilitation, car trading transactions, and
after-market services facilitation. By utilizing its competitive
advantages in technology, data insights, and cloud-based
infrastructure, Cango is able to connect its platform participants
while bringing them a premium user experience. Cango's platform
model puts it in a unique position to add value for its platform
participants and business partners as the automotive and mobility
markets in China continue to grow
and evolve. For more information, please visit:
www.cangoonline.com.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Twitter: https://twitter.com/Cango_Group
Emilie Wu
The Piacente Group, Inc.
Tel: +86 21 6039 8363
Email: ir@cangoonline.com
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SOURCE Cango Inc.