Cango Inc. to Report Third Quarter 2018 Financial Results on November 22, 2018

SHANGHAI,Nov. 16,2018 -- Cango Inc. ("Cango" or the "Company") (NYSE: CANG),a leading automotive transaction service platform in China,today announced that it plans to release its third quarter 2018 financial results after market-close on Thursday,November 22,2018. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango's management will hold a conference call on Thursday,2018 at 8:00 pm Eastern Time or Friday,November 23,2018 at 9:00 am Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

China Toll Free:

4001-201-203

Hong Kong Toll Free:

800-905-945

Conference ID

Cango Inc.

The replay will be accessible through November 29,2018 by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-877-344-7529

Access Code:

10126484

A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cangoonline.com/.

About Cango,Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting dealers,financial institutions,car buyers,and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry,the Company is headquartered in Shanghai and engages car buyers through a nationwide dealer network. The Company's services primarily consist of automotive financing facilitation,automotive transaction facilitation,and after-market services facilitation. By utilizing its competitive advantages in technology,data insights,and cloud-based infrastructure,Cango is able to connect its platform participants while bringing them a premium user experience. Cango's platform model puts it in a unique position to add value for its platform participants and business partners as the automotive and mobility markets in China continue to grow and evolve. For more information,please visit: www.cangoonline.com.

Investor Relations Contact

Caroline Li

Cango Inc.

Tel: +86 (21) 3183-5087

Email: ir@cangoonline.com

Jack Wang

ICR Inc.

Tel: +1 (646) 405-5056

Email: ir@cangoonline.com

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