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Cango shareholders approve potential share consolidation up to 10:1, final details pending board decision.

Company Fundamentals
24 Jun 2026
PRNewsWire
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Neutral
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Cango Inc. shareholders approved a resolution allowing the company to consolidate its shares at a ratio up to 10:1. The board of directors will decide if and when to implement the consolidation within 15 days of the meeting. This move aims to adjust the company's share structure, but no fractional shares will be issued; fractions will be rounded down and canceled. The company will announce further details once the board finalizes the plan.

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