Core Viewpoint - Cango Inc. has successfully closed a US$10.5 million equity investment and secured an additional US$65 million in equity investments to support its expansion into AI and computing infrastructure [1] Group 1: Investment Details - Cango closed a US$10.5 million equity investment from Enduring Wealth Capital Limited (EWCL) and entered into agreements for an additional US$65 million investment from entities owned by Chairman Xin Jin and Director Chang-Wei Chiu [1] - The investment agreement with EWCL involved the issuance of 7 million Class B ordinary shares at US$1.50 per share, increasing EWCL's ownership from approximately 2.81% to 4.71% and its voting power from approximately 36.68% to 49.71% [1] - Mr. Chiu's investment agreement involves subscribing for 29,975,137 Class A ordinary shares for US$39,567,181, while Mr. Jin's agreement involves 19,267,287 Class A shares for US$25,432,819, with a purchase price of US$1.32 per share [1] Group 2: Ownership and Voting Power - Upon completion of the investments, Mr. Chiu is expected to hold approximately 11.99% of total outstanding shares and 6.71% of voting power, while Mr. Jin is expected to hold approximately 4.70% of shares and 2.63% of voting power [1] - The closing of these investments is subject to customary conditions and regulatory approvals, with both expected to finalize in February 2026 [1] Group 3: Use of Proceeds - The proceeds from these investments will be utilized to support Cango's expansion into AI and computing infrastructure, while also strengthening its balance sheet [1]