The board of directors of Cango Inc. has determined that it is in the best interests of the company and its shareholders to terminate the ADR program and directly list Class A common shares. In addition, a direct listing of Class A common shares on the NYSE will allow U.S. investors to exercise the company's shareholder rights directly without being exercised indirectly through a depository, and will exempt ADS holders from depository fees.
The company has directed the depositary to issue a termination notice to American depositary receipt holders on October 15, 2025, which will provide additional information regarding the termination of the American depositary receipt program.
Cango Inc. terminates ADR program and directly lists Class A common stock on the New York Stock Exchange
2025-10-15 10:16:15
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Cango Inc.终止ADR计划并直接在纽约证券交易所上市A类普通股Next article：
Nano Labs 批准最高2,500万美元的股份回购计划
