06:59 AM EDT, 07/10/2026 (MT Newswires) -- Cango ( CANG ) said Friday its board has approved July 20 as the effective date for its previously authorized 10-for-1 reverse stock split.

Every 10 Class A and Class B ordinary shares will be consolidated into one share of the same class at 5 pm ET on the said date, it added.

The company said its Class A shares are expected to begin trading on a split-adjusted basis on the New York Stock Exchange on July 21 under the existing ticker symbol CANG, with a new CUSIP number.

Following the reverse split, Cango's ( CANG ) authorized share capital will remain unchanged at $100,000, it said. It will consist of 100 million ordinary shares with a par value of $0.001 each, including about 92.1 million Class A shares and 7.9 million Class B shares, it added.

Cango ( CANG ) said no fractional shares will be issued. Any fractional shares resulting from the reverse split will be rounded down to the nearest whole share, with the remaining fractional interests canceled without compensation, it added.