Cango inc. announces certain updates

Shanghai, april 22, 2022 /prnewswire/ -- cango inc. (nyse: cang) ("cango" or the "company"), a leading automotive transaction service platform in china, today announced (i) the declaration of a special cash dividend, (ii) a new share repurchase program, and (iii) option grants to certain executive officers. special cash dividend cango's board of directors has approved and declared a special cash dividend of us$0.5 per ordinary share (or us$1 per american depository share) on its outstanding shares, to be paid on june 15, 2022  (eastern time) to shareholders of record as of the close of trading on may 25, 2022 (eastern time).
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