Cango (NYSE: CANG) names new CFO as director steps down
Rhea-AI Filing Summary
Cango Inc. appointed a new chief financial officer and director while its prior CFO and a director resigned. Effective April 22, 2026, Mr. Simon Ming Yeung Tang, previously the company’s chief investment officer, became both a director and chief financial officer.
Mr. Chang-Wei Chiu and Mr. Yongyi Zhang stepped down from their roles as director and chief financial officer, respectively, on the same date for personal reasons. Cango describes itself as a Bitcoin mining company with operations across multiple regions and an online international used car export business.
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Insights
Cango consolidates finance and board roles under an internal appointee.
Cango Inc. has combined a board seat and the chief financial officer role in Mr. Simon Ming Yeung Tang, who previously served as chief investment officer. Using an internal executive may ease transition, as he is already familiar with the company’s strategy and operations.
The simultaneous resignation of the prior CFO, Mr. Yongyi Zhang, and director, Mr. Chang-Wei Chiu, is attributed to personal reasons in the announcement. The company positions the move as strengthening its leadership as it pursues Bitcoin mining, integrated energy, distributed AI computing and international used car export activities.
Key Figures
Key Terms
foreign private issuer regulatory
Bitcoin mining company financial
distributed AI computing technical
safe harbor regulatory
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number: 001-38590
CANGO INC.
3131 McKinney Avenue
Dallas, Texas 75204, U.S.A.
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
| Form 20-F x | Form 40-F ¨ |
EXHIBIT INDEX
| Exhibit 99.1 | Cango Inc. Announces New CFO and Change of Director |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CANGO INC. | ||
| By: | /s/ Simon Ming Yeung Tang | |
| Name: | Simon Ming Yeung Tang | |
| Title: | Chief Financial Officer | |
Date: April 22, 2026
Exhibit 99.1
Cango Inc. Announces New CFO and Change of Director
Dallas, Texas, April 22, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that Mr. Simon Ming Yeung Tang, who most recently served as the chief investment officer of the Company, has been appointed as a director and the chief financial officer of the Company, effective as of April 22, 2026. Mr. Chang-Wei Chiu and Mr. Yongyi Zhang resigned from their respective positions as director and chief financial officer of the Company, effective as of April 22, 2026, for personal reasons.
Mr. Paul Yu, chief executive officer of the Company said, “On behalf of the board of directors and the entire management team, I would like to express our sincere gratitude to Mr. Yongyi Zhang for his dedicated service and valuable contributions to the Company during his tenure as chief financial officer, and to Mr. Chang-Wei Chiu for his service and support as a member of the board of directors. We appreciate their leadership and commitment, and we wish them all the best in their future endeavors. Mr. Simon Ming Yeung Tang brings extensive experience in investment, finance and strategic execution, and the board believes his appointment will further strengthen the Company’s leadership team as it continues to advance its strategic priorities.”
About Cango Inc.
Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa.
Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.
For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
Email: ir@cangoonline.com
Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com
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