Cango Wins 2021 Philanthropy Practice Award

SHANGHAI, February 18, 2022 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction services platform in Chinaannounced today that Cango has received a “2021 Philanthropy Practice Award” at the 11and China Philanthropy Festival in recognition of the company’s outstanding performance in fulfilling its corporate social responsibilities. As a leader in corporate philanthropy, Cango’s ongoing charitable initiatives focus on helping children in need and include programs for orphaned children, children with disabilities and children living in poverty. to promote their physical and mental health and intellectual development.

Cango and its employees have long been and remain dedicated to charitable giving and corporate philanthropy. In 2019, a group of Cango employees spontaneously created Cango Charity, a philanthropic organization focused on improving the lives of children in need. Since its inception, Cango Charity has donated more than 1.5 million RMB to the Chunhui children, a beijingbased on a children’s aid foundation, sponsoring more than 10 seriously ill orphaned children seeking medical care in Shanghai and facilitate their adoption by loving families. Inspired by Cango Charity, Cango employees have also volunteered to participate in a host of public welfare events, such as the Egg Walkathon, JP Morgan Corporate Challenge, Lujiazui Financial District Decathlon and others. .

At the end of 2020, in collaboration with the Bairen Benevolent Foundation, Cango Charity launched its campaign to support rural education – CANGO Dream Fund for children attending elementary schools in remote areas with the aim of encouraging their healthy and balanced development. . CANGO Dream Fund launched “CANGO Book Corner” to cultivate rural children’s interest in reading and improve their literacy skills. The campaign is ongoing and book corners have already been set up in four village elementary schools with over 2,500 books donated.

In addition, CANGO Dream Fund solicits charity projects from Bairen’s volunteer teachers and has funded a number of successful projects, including mental health counseling for children left behind and a physical health care project for girls, contributing to moral, intellectual, physical and creative development.

Founded in 2011 by a diverse cohort of media organizations in China, the China Philanthropy Festival promotes awareness of the importance of contributing to charitable causes and provides a forum for stakeholders to engage in extensive dialogue, cooperation and communication on corporate social responsibility. After eleven years of evolution, the festival has become the most influential annual public welfare event in China.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction services platform in China connecting dealerships, financial institutions, car buyers and other industry players. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the company is headquartered in Shanghai and engages car buyers through a nationwide network of dealerships. The Company’s services mainly consist of the facilitation of automobile financing, automobile trade transactions and the facilitation of after-sales services. Using its competitive advantages in technology, data insights and cloud-based infrastructure, Cango is able to connect participants to its platform while providing them with a premium user experience. Cango’s platform model places it in a unique position to add value to its platform participants and business partners as China’s automotive and mobility markets continue to grow and develop. ‘to evolve. For more information, please visit:

Media Contact:

Juliet Ye
Cango inc.
Tel: +86 21 3183 5088 extension 5581
Email: [email protected]


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