Monday, 8 Sep 2025
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Subscribe
Life Care News
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
    NewsShow More
    CGTN: The Stilwell Road at 80: Honoring China-U.S. Cooperation and Friendship
    CGTN: The Stilwell Road at 80: Honoring China-U.S. Cooperation and Friendship
    08/09/2025
    Deakin University and Government of Telangana Announce Intent to Advance AI Innovation in India
    Deakin University and Government of Telangana Announce Intent to Advance AI Innovation in India
    08/09/2025
    Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
    Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results
    07/09/2025
    Ryan Group of Schools’ INMUN 2025: Young Leaders Unite to Shape the Future
    Ryan Group of Schools’ INMUN 2025: Young Leaders Unite to Shape the Future
    06/09/2025
    Patrick Hemingway, American Writer, Wildlife Conservationist and Last Surviving Son of Nobel Prize Winner, Ernest Hemingway, 97, has passed
    Patrick Hemingway, American Writer, Wildlife Conservationist and Last Surviving Son of Nobel Prize Winner, Ernest Hemingway, 97, has passed
    06/09/2025
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
  • 🔥
  • news
  • june
  • global
  • Business
  • july
  • today
  • announced
  • aug
  • company
  •  and
Font ResizerAa
Life Care NewsLife Care News
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Search
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Business

Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team

PRNW Agency
Last updated: 24/07/2025 11:37 AM
PRNW Agency
Share
3 Min Read
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
SHARE
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team

HONG KONG, July 23, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin miner with the appointment of a new Board of Directors (the “Board”) and senior management team with deep expertise in digital-asset infrastructure, finance, and energy investments.

- Advertisement -

On July 23, 2025, the Board appointed (i) Mr. Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Mr. Peng Yu as CEO and Director, (iii) Mr. Chang-Wei Chiu as Director, (iv) Mr. Yongyi Zhang as CFO and (v) Mr. Simon Ming Yeung Tang as CIO To strengthen governance, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.

- Advertisement -

Mr. Peng Yu, CEO and Director, commented, “This leadership team gives Cango the right mix of skills to execute our next phase of growth. Having successfully transformed into a Bitcoin miner, we have already made remarkable progress in the past 7 months by becoming one of the largest Bitcoin miners in the world. With a strong balance sheet and clear long-term vision, our collective experience will help us scale beyond the 50 EH/s already deployed, not only safeguarding but strategically growing our treasury of more than 4,000 Bitcoins to maximize shareholder value. We will begin developing sustainable, high-performance computing opportunities while strategically expanding upstream into dedicated power resources especially green energy that will create lasting value for shareholders and drive further growth.”

Mr. Xiaojun Zhang and Mr. Jiayuan Lin resigned as co-founders coinciding with a secondary sale of 10 million Class B shares to Enduring Wealth Capital Limited for US$70 million. They converted their remaining Class B shares into Class A shares, now holding 18.54% of total outstanding shares and 12.07% of voting power. Enduring Wealth Capital Limited now holds about 2.82% of outstanding shares and 36.73% of voting power..

- Advertisement -

Full article: https://ir-image.cangoonline.com/ir-documents/2025-07-23_Cango%20Inc.%20Announces%20Completion%20of%20Secondary%20Acquisition%20and%20Appointment%20of%20New%20Leadership%20Team.pdf

- Advertisement -

Investor Relations Contact

Juliet YE, Head of Communications
Cango Inc.
Email: ir@cangoonline.com 

- Advertisement -

Logo – https://mma.prnewswire.com/media/2675436/CANG_LOGO_Logo.jpg

- Advertisement -

View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-announces-completion-of-secondary-acquisition-and-appointment-of-new-leadership-team-302512065.html

More Than a Symposium: IOF Builds Momentum Toward the Future of Orthodontics
Yatra Celebrates 19 Years with The Yatra Big Outing Fest
Changes in Siili Solutions Plcs management team
SIG SAUER Celebrates Major Milestone: 100 Million Round Annual 6.8mm Ammunition Capacity
Witness the Convergence of Furniture, Skill, and Design at INDEXPLUS Delhi 2025
TAGGED: and newacquisitionalreadyalsoannouncesappointedappointmentbitcoinboardcangoceocfochairmancommitteecompensationcompletioncorporatedirectorenergygovernancegrowthhongiiiincindependentjulyleadershiplinmemberminermingnewsnominatingpengsecondarystrategicallyteamvaluewillzhang
Share This Article
Facebook Copy Link Print
- Advertisement -

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
PinterestPin
InstagramFollow
YoutubeSubscribe
LinkedInFollow
MediumFollow

Most Selling Products

Top Picks, Trending Now – Discover the Best Sellers!
Tecno Camon 20 Premier 5G

Tecno Camon 20 Premier 5G

Dark Welkin | 8GB RAM + 512GB Storage (Expandable RAM up to 16GB) | Industry’s 1st 50MP RGBW-Pro Camera | Segment-First 108MP Ultra-Wide Macro Lens | 6.67" 120Hz 10-bit AMOLED In-Display

iQOO Z10 Lite 5G

iQOO Z10 Lite 5G

Titanium Blue | 6GB RAM + 128GB Storage | Dimensity 6300 5G with 433K+ AnTuTu Score | Robust 6000mAh Battery | IP64 Rated + Military-Grade Shock Resistance

OnePlus 13s

OnePlus 13s

Black Velvet | 12GB RAM + 256GB Storage | Flagship Snapdragon® 8 Elite Chipset | Exceptional Battery Life in a Compact Form | Lifetime Display Warranty Included

Samsung Galaxy A55 5G

Samsung Galaxy A55 5G

Awesome Iceblue | 8GB RAM + 256GB Storage | Premium Metal Frame | 50MP OIS Main Camera with Nightography | IP67 Water & Dust Resistance | Gorilla Glass Victus+ | sAMOLED Display with Vision Booster

You Might Also Like

Tony Hawk’s Historic “900” Skateboard Headlines Major Skate Sale at Julien’s Auctions
Food

Tony Hawk’s Historic “900” Skateboard Headlines Major Skate Sale at Julien’s Auctions

26/08/2025
Alcoa Corporation Declares Quarterly Cash Dividend
Business

Alcoa Corporation Declares Quarterly Cash Dividend

31/07/2025

BC Place Announced as Official Venue for the Inaugural Canada Super 60

01/08/2025
Hisense Tops Global Rankings in Q1 2025 for MiniLED, 100-inch and over, and Laser TVs
Tech

Hisense Tops Global Rankings in Q1 2025 for MiniLED, 100-inch and over, and Laser TVs

06/06/2025
Life Care News
Facebook Twitter Youtube Rss Medium

Life Care News:


We increase the awareness of millions of users through our news networks. We are one of the most trusted news networks in the world.

Top Categories
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Usefull Links
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Copyright © 2015 – 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Life Care NewsLife Care News
Copyright © 2015 - 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?