Cango Inc. Announces Change of Independent Registered Public Accounting Firm

Core Viewpoint - Cango Inc. has appointed MaloneBailey, LLP as its new independent registered public accounting firm for the year ending December 31, 2024, effective November 18, 2024, succeeding Ernst & Young Hua Ming LLP [1][2]. Company Overview - Cango Inc. is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. The company was founded in 2010 and is headquartered in Shanghai [7]. Auditor Transition - The decision to change auditors was made after careful consideration and was approved by the Audit Committee and the Board of Directors. The change was not due to any disagreements with EY regarding accounting principles or practices [2][4]. - EY's audit reports for the years ended December 31, 2022, and 2023 did not contain any adverse opinions or disclaimers, and there were no disagreements or reportable events between Cango and EY during this period [3][4]. Collaboration and Transition - Cango is working closely with both EY and MaloneBailey to ensure a seamless transition during this change in auditors. The company expressed gratitude to EY for their professionalism and quality of services over the past years [6].