Cango (CANG) announced its transformation into a global Bitcoin miner with the appointment of a new Board of Directors and senior management team with “deep expertise” in digital-asset infrastructure, finance, and energy investments. On July 23, 2025, the Board appointed (i) Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Peng Yu as CEO and Director, (iii) Chang-Wei Chiu as Director, (iv) Yongyi Zhang as CFO and (v) Simon Ming Yeung Tang as CIO. The Board also accepted the resignations of Xiaojun Zhang as Director and Chairman, and Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.
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