Cango Inc. is a leading automotive transaction service platform in Chinaconnecting dealers, financial institutions, car buyers, and other industry participants. Founded in 2010 by a group of pioneers in China'sautomotive finance industry, the Company is headquartered in Shanghaiand engages car buyers through a nationwide dealer network. The Company's services primarily consist of automotive financing facilitation, automotive transaction facilitation, 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 Chinacontinue to grow and evolve.