CANG · Cango Inc.

Cango Inc. has been formally notified by the New York Stock Exchange that it is not in compliance with the exchange's continued listing standard due to its share price falling below the $1.00 threshold. The notification, dated March 10, 2026, specifically cites that as of March 9, 2026, the average closing price of the company's Class A ordinary shares was less than $1.00 over a consecutive 30 trading-day period. This triggers a regulatory process under Section 802.01C of the NYSE's Listed Company Manual. The company now enters a six-month cure period during which it must regain compliance. To achieve compliance, Cango must meet two specific price requirements: it must have a closing share price of at least $1.00 on the last trading day of any calendar month during the cure period, and it must maintain an average closing share price of at least $1.00 over the 30 trading-day period ending on that same last trading day. The company has indicated it intends to cure the deficiency and has notified the NYSE of this intent as required by exchange rules. Importantly, the notice does not immediately affect trading; the company's shares will continue to be listed and traded on the NYSE throughout the cure period, provided the company remains compliant with other NYSE listing standards. The company states that the notification has no impact on its underlying business operations, SEC reporting obligations, or existing financial agreements. However, failure to regain compliance by the expiration of the cure period would result in the NYSE initiating suspension and delisting procedures, which could significantly impact shareholder liquidity and the company's access to public markets. The company describes itself as a Bitcoin mining company with operations across over 40 sites globally and additional business in used car exports through AutoCango.com.