Cango Inc. Receives Notice Regarding NYSE Continued Listing Standard

Cango Inc. received a notice from the NYSE on March 10, 2026, stating that the company is not in compliance with the NYSE's continued listing standard due to its average closing share price falling below US$1.00 for 30 consecutive trading days as of March 9, 2026. The company has a six-month cure period to regain compliance. Cango intends to monitor market conditions and is considering its options to address the price deficiency. During this period, the company's Class A ordinary shares will continue to be listed and traded on the NYSE, provided they meet other listing standards. This notification does not impact the company's business operations, SEC reporting, credit agreements, or contractual obligations. Cango Inc. is a Bitcoin mining company with global operations and is developing an integrated energy and AI compute platform, while also operating a used car export business.