Cango Inc. has announced a fourth amendment to its On-Rack Sales and Purchase Agreement for the acquisition of cryptomining machines with a total hashrate of 18 Exahash per second. The amendment, which modifies the distribution of hashrate among sellers Golden TechGen Limited, Fortune Peak Limited, and Silver Crest Limited, also adjusts the allocation of Class A ordinary shares and potential bonus shares to these sellers. The closing of this share-settled transaction is contingent upon certain conditions being met, and there is no guarantee that these will be satisfied by the expected closing date. Upon closure, Golden TechGen Limited is anticipated to hold approximately 19.85% of Cango's total outstanding shares.
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