Cango Inc. announced that Enduring Wealth Capital Limited (EWCL), its major shareholder, will invest $10.5 million in exchange for 7 million Class B ordinary shares. Each share carries 20 votes, significantly increasing EWCL's influence within the company. This transaction will boost EWCL's shareholding from 2.81% to approximately 4.69% and its voting rights from 36.68% to 49.61%. The deal is expected to close in January 2026, pending NYSE approval.