Cango Inc. Class A Ordinary Shares Acquisition by Golden TechGen Limited

SEC Filing SCHEDULE 13D (0001104659-25-072459)

Golden TechGen Limited, a British Virgin Islands company, has filed a Schedule 13D with the SEC regarding its acquisition of Class A Ordinary Shares of Cango Inc. The filing details a series of transactions and amendments to the Purchase Agreement, including the issuance of 146,670,925 Class A Ordinary Shares to the sellers at closing and the potential issuance of 97,780,616 bonus shares upon a triggering event. The transactions are part of a broader strategy involving the acquisition of on-rack crypto mining machines and the disposal of Cango Inc.'s PRC business. Golden TechGen Limited, which holds 19.9% of the total outstanding shares, has also entered into an Investor Rights Agreement, granting it registration rights and the right to appoint two directors to Cango Inc.'s board, provided it maintains a certain ownership threshold.