SHANGHAI,Aug. 23,2024 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"),a leading automotive transaction service platform inChina,today announced that it plans to release its second quarter 2024 financial results after the market closes onThursday,August 29,2024. The earnings release will be available on the Company's investor relations website athttp://ir.cangoonline.com/.

Cango's management will hold a conference call onThursday,2024at9:00 P.M. Eastern TimeorFriday,August 30,2024at9:00 A.M.Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

Mainland China Toll Free:

4001-201-203

Hong Kong,China Toll Free:

800-905-945

Conference ID:

Cango Inc.

The replay will be accessible throughSeptember 5,2024,by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-877-344-7529

Access Code:

2443056

A live and archived webcast of the conference call will also be available at the Company's investor relations website athttp://ir.cangoonline.com/.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform inChina,connecting car buyers,dealers,financial institutions,and other industry participants. Founded in 2010 by a group of pioneers inChina'sautomotive finance industry,the Company is headquartered inShanghaiand has a nationwide network. Leveraging its competitive advantages in technological innovation and big data,Cango has established an automotive supply chain ecosystem,and developed a matrix of products centering on customer needs for auto transactions,auto financing and after-market services. By working with platform participants,Cango endeavors to make car purchases simple and enjoyable,and make itself customers' car purchase service platform of choice. For more information,please visit:www.cangoonline.com.

Investor Relations Contact

Yihe Liu

Cango Inc.

Tel: +86 21 3183 5088 ext.5581

Email:ir@cangoonline.com

Twitter:https://twitter.com/Cango_Group

Helen Wu

Piacente Financial Communications

Tel: +86 10 6508 0677

Email:ir@cangoonline.com