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Cango Inc. Completes PRC Business Sale, Strengthens Board to Drive Global Bitcoin Focus

SHANGHAI, May 29, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the “PRC Business”), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining industry.

This pivotal move unlocks significant resources and facilitates Cango’s rapid expansion of its Bitcoin mining across key strategic regions, including North America, the Middle East, South America, and East Africa, leveraging emerging opportunities in the digital finance sector.

This transaction also represents a transformative step for Cango, cementing its strategic shift to a focused leader in global Bitcoin mining. The Company is now streamlined and better capitalized, positioning it to aggressively pursue its growth objectives and enhance shareholder value.

As part of this strategic realignment, the Company has further restructured its Board of Directors with the appointment of two new members, effective May 27, 2025, bringing deep expertise in Fintech, AI, Web 3.0, and global capital markets to steer Cango’s Bitcoin-focused future. Looking ahead, this enhanced board composition reinforces Cango’s commitment to innovation and strengthens its position for leadership in the rapidly evolving digital finance landscape.

The initial agreements for the sale of PRC Business were announced on April 3, 2025, with shareholder approval obtained on May 16, 2025. Following the divestment, the Company will apply to the China Securities Regulatory Commission (“CSRC”) to terminate its “China Concept Stock” status.

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Media Contact

Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

OneConnect Announces Annual General Meeting Results

SHENZHEN, China, May 29, 2025 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for the financial services industry in China, today announced the results of its annual general meeting of shareholders held in Shenzhen on May 29, 2025.

At the meeting, the shareholders of OneConnect Financial Technology Co., Ltd. approved, ratified and/or confirmed the following resolutions:

  1. To receive and adopt the audited consolidated financial statements and the reports of the directors of the Company (the “Directors”) and auditor for the year ended December 31, 2024.
     
  2. (i) To re-elect Mr. Chen Dangyang as an executive Director.
    (ii) To re-elect Ms. Xin Fu as a non-executive Director.
    (iii) To re-elect Mr. Wenwei Dou as a non-executive Director.
    (iv) To re-elect Dr. Yaolin Zhang as an independent non-executive Director.
    (v) To re-elect Mr. Tianruo Pu as an independent non-executive Director.
    (vi) To authorize the board (the “Board”) of Directors to fix the remuneration of the Directors.
     
  3. To re-appoint PricewaterhouseCoopers as auditor and to authorize the Board to fix its remuneration.

About OneConnect

OneConnect Financial Technology Co., Ltd. is a technology-as-a-service provider for financial services industry. The Company integrates extensive financial services industry expertise with market-leading technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platform the Company provides include digital banking solution, digital insurance solution and Gamma Platform, which is a technology infrastructural platform for financial institutions. The Company’s solutions enable its customers’ digital transformations, which help them improve efficiency, enhance service quality, and reduce costs and risks.

The Company has established long-term cooperation relationships with financial institutions to address their needs of digital transformation. The Company has also expanded its services to other participants in the value chain to support the digital transformation of financial services eco-system. In addition, the Company has successfully exported its technology solutions to overseas financial institutions.

For more information, please visit ir.ocft.com.

Contacts

Investor Relations:
OCFT IR Team
OCFT_IR@ocft.com  

Media Relations:
OCFT PR Team
pub_jryztppxcb@pingan.com.cn 

Lao Authorities Seize Over 100 Marijuana Packages at Wattay Airport, Three Malaysians Arrested

The offenders were seized by Lao authority on 27 May (Photo: Mistry of Finance)

Lao authorities seized more than 100 packages of marijuana at Wattay International Airport on 27 May, arresting three Malaysian nationals accused of attempting to smuggle the drugs to Germany.

Arup experts share trends shaping the future of rail at Asia Pacific Rail


HONG KONG SAR – Media OutReach Newswire – 29 May 2025 – Rail leaders of global sustainable development consultancy Arup from across the Asia Pacific region shared their insights into the future of rail at Asia Pacific Rail 2025, ranging from the role of transit-oriented development in funding rail infrastructure, the use of the latest green and smart technology in transit systems, station transformation, and customer journey planning.

Arup experts gathered at Asia Pacific Rail 2025, exploring how to transform rail across the region.
Arup experts gathered at Asia Pacific Rail 2025, exploring how to transform rail across the region.

Held in Bangkok on 28-29 May 2025, the major rail event in the region was attended by 4,000 people and brought together more than 160 speakers and 200 exhibitors.

As moderator of the keynote panel, TC Chew, Managing Director of APAC at Arup, discussed with leaders of key rail organisations in the region the crucial role of Transit-Oriented Development (TOD) in making public-private partnerships (PPPs) financially viable and sustainable, the challenges in implementing TOD as well as opportunities for future regional collaboration.

“Governments are under increasing pressure to look for innovative ways to fund rail projects. TOD could be part of the answer. If planned and designed carefully, TOD can help address challenges such as a growing population and demand for housing and employment, while promoting efficient transport options needed for a long-term sustainable future,” said TC.

James Musgrave, APAC Rail Business Leader at Arup, said, “From the Kowloon Station development in Hong Kong to the Sydney Metro Martin Place integrated station development in Australia, Arup provided strategic planning, design and engineering expertise to maximise the value of investment in transit infrastructure and the positive impact on the community it serves. When we create an impactful TOD, we don’t just change how a city moves, we redefine how people live.”

Three leaders from Arup also spoke at Asia Pacific 2025 on major topics in railway development:

  • Alberto Battois, Malaysia Rail Business Leader, on ‘Integrated mobility – what next?’;
  • Carol Lau, Associate Director, on ‘New forms of smart and green mass transit systems for medium capacity network – planning and design’; and
  • Aden Chua, Associate, on ‘Digitalising station transformation’.

In addition, Arup sponsored the British Embassy Reception, where Arup’s clients and partners connected with rail leaders to exchange ideas and share insights. With over 6,400 people in 28 offices across Asia Pacific and direct access to a larger global network, Arup is committed to supporting clients to deliver transformative railways that enhance lives and connectivity across cities and nations.
Hashtag: #Rail #TransitOrientedDevelopment #Arup





Wechat: Arup奥雅纳

The issuer is solely responsible for the content of this announcement.

Arup

Arup is a global built environment consultancy with advisory and technical expertise across more than 150 disciplines. We create safe, resilient, and regenerative places, bringing a Total Design approach to our work for our clients.

Ping An’s Mother’s Needlework Public Welfare Program Showcased at London Craft Week

Traditional Crafts Integrated into Sustainable Fashion, Empowering Ethnic Minority Women to Generate Income

HONG KONG and SHANGHAI, May 29, 2025 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An”, the “Company” or the “Group”, HKEX: 2318; SSE: 601318) presented its Mother’s Needlework public welfare program at London Craft Week 2025, in the “Tiangong Kaiwu: Crafting Works Of China” exhibition of the China Pavilion. The program showcased embroidery and handcrafted carpets created by women from ethnic minorities, including the Yi and Dulong communities. The pieces exemplify the unique beauty of the intangible cultural heritage passed down for thousands of years and highlight the significant role of handicrafts in women’s empowerment, community development, and a sustainable economy.

The exhibition’s diverse array of handicrafts from Chinese ethnic minorities included the intricate and vibrant Dulong Carpet from Yunnan Province’s Dulong people. As a unique garment of one of China’s smallest ethnic groups, the Dulong Carpet is celebrated for its intricate craftsmanship and vibrant colors.

Ethnic minority crafts are vital expressions of cultural heritage and history. However, rapid modernization threatens the survival of these skills. In 2020, Ping An launched the Mother’s Needlework public welfare program to empower ethnic minority women to preserve traditional techniques and boost their incomes through innovative design and market access. The program champions sustainable fashion by integrating recycled materials with traditional ethnic designs, supporting local women to craft aesthetically pleasing and eco-friendly textile products for domestic and international markets.

The Mother’s Needlework public welfare program has expanded to 10 provinces and regions across China to date, including Sichuan, Guizhou, Yunnan, Inner Mongolia, and Guangdong, benefiting over 100 women. It has significantly improved the economic well-being of participating families and injected fresh vitality into sustainable community development.

Ping An affirms that ethnic handicrafts are not only Chinese cultural treasures but also a means to advance sustainable development and social inclusion. Through international platforms such as London Craft Week, Ping An aims to share the unique allure of China’s intangible cultural heritage and invite collaboration from global designers and social organizations to collectively explore the innovative and sustainable future of handicrafts.

London Craft Week was established in 2015 and is supported by the King’s Foundation, a charity founded by King Charles III. It is a premier global event in the fields of design, fashion, and crafts. Each year, it draws designers and artisans from around the world, fostering cross-cultural exchange and innovation through exhibitions, workshops, and forums.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”

PORT VILA, Vanuatu, May 29, 2025 /PRNewswire/ — Vantage Markets proudly wrapped up a standout appearance at Wealth Expo Argentina 2025, held on 23–24 May, marking another milestone in its participation in international finance events. The event, known for bringing together top voices in finance and investment, served as the perfect stage for Vantage to showcase its leadership, innovation, and commitment to financial inclusion.

Vantage was honored with the “Best Trading Platform” award during the expo, a recognition of the company’s continued excellence in delivering cutting-edge technology, user-friendly features, and secure infrastructure to its global community of traders. This accolade reinforces Vantage’s position as a trusted and performance-driven broker.

Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”
Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”

“We are incredibly proud to be recognised as the Best Trading Platform at Wealth Expo Argentina,” said Marc Despallieres, CEO of Vantage Markets. “This award not only affirms our commitment to delivering powerful trading solutions but also reflects our dedication to our global community of traders and partners who trust us every day. Events like this give us the opportunity to share knowledge and connect with the broader financial community.”

Over the course of the event, Vantage’s team led a lineup of informative sessions aimed at sharing insights and promoting financial literacy. On the main stage, Alejandro Zelniker, Affiliates and Partners Business Strategist, presented “Your Money Security Comes First”, highlighting best practices for safeguarding financial assets in today’s increasingly digital economy. Meanwhile, at the workshop stage, Agustin Zanardo, Business Development Manager, addressed “Common Mistakes Among Traders,” offering general insights to help participants better understand trading pitfalls and risk management concepts.

In a compelling panel discussion, Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage, contributed to the conversation around “Trading for Everyone: Challenges of Financial Inclusion.” He discussed the challenges faced by underserved populations and how brokers can contribute to improving access to financial services through inclusive and education-driven solutions.

Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage on “Trading for Everyone: Challenges of Financial Inclusion.”
Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage on “Trading for Everyone: Challenges of Financial Inclusion.”

Adding to the on-stage highlights, Vantage also hosted in-booth speaker sessions led by Alejandro Caravotta, a digital asset expert. The sessions served not only as educational touchpoints, but also as a chance for attendees to interact with Vantage experts, gaining valuable insights into financial markets in an informal setting.

As the main sponsor of the official Wealth Expo Argentina Cocktail Event, Vantage brought together partners, influencers, and industry experts for an elegant night of luxury, networking, and entertainment. It was a fitting end to drive powerful dialogues, brand presence, and shared momentum.

Vantage as the main sponsor of the official Wealth Expo Argentina Cocktail Event
Vantage as the main sponsor of the official Wealth Expo Argentina Cocktail Event

As Vantage continues to grow its global presence at finance events, the brand remains focused on empowering traders through innovation, education, and meaningful community engagement. Visit Vantage Markets, for more updates.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

Photo – https://laotiantimes.com/wp-content/uploads/2025/05/vantage_recognised_wealth_expo_argentina_2025__best_trading_platform-1.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/05/juan_gonzalez_client_relationship_growth_market_analyst_vantage__trading_everyone-1.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/05/vantage_main_sponsor_official_wealth_expo_argentina_cocktail_event-1.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/05/vantage_15_logo_log-11.jpg 

Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”

PORT VILA, Vanuatu, May 29, 2025 /PRNewswire/ — Vantage Markets proudly wrapped up a standout appearance at Wealth Expo Argentina 2025, held on 23–24 May, marking another milestone in its participation in international finance events. The event, known for bringing together top voices in finance and investment, served as the perfect stage for Vantage to showcase its leadership, innovation, and commitment to financial inclusion.

Vantage was honored with the “Best Trading Platform” award during the expo, a recognition of the company’s continued excellence in delivering cutting-edge technology, user-friendly features, and secure infrastructure to its global community of traders. This accolade reinforces Vantage’s position as a trusted and performance-driven broker.

Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”
Vantage Recognised at Wealth Expo Argentina 2025 with “Best Trading Platform”

“We are incredibly proud to be recognised as the Best Trading Platform at Wealth Expo Argentina,” said Marc Despallieres, CEO of Vantage Markets. “This award not only affirms our commitment to delivering powerful trading solutions but also reflects our dedication to our global community of traders and partners who trust us every day. Events like this give us the opportunity to share knowledge and connect with the broader financial community.”

Over the course of the event, Vantage’s team led a lineup of informative sessions aimed at sharing insights and promoting financial literacy. On the main stage, Alejandro Zelniker, Affiliates and Partners Business Strategist, presented “Your Money Security Comes First”, highlighting best practices for safeguarding financial assets in today’s increasingly digital economy. Meanwhile, at the workshop stage, Agustin Zanardo, Business Development Manager, addressed “Common Mistakes Among Traders,” offering general insights to help participants better understand trading pitfalls and risk management concepts.

In a compelling panel discussion, Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage, contributed to the conversation around “Trading for Everyone: Challenges of Financial Inclusion.” He discussed the challenges faced by underserved populations and how brokers can contribute to improving access to financial services through inclusive and education-driven solutions.

Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage on “Trading for Everyone: Challenges of Financial Inclusion.”
Juan Gonzalez, Client Relationship Growth Market Analyst at Vantage on “Trading for Everyone: Challenges of Financial Inclusion.”

Adding to the on-stage highlights, Vantage also hosted in-booth speaker sessions led by Alejandro Caravotta, a digital asset expert. The sessions served not only as educational touchpoints, but also as a chance for attendees to interact with Vantage experts, gaining valuable insights into financial markets in an informal setting.

As the main sponsor of the official Wealth Expo Argentina Cocktail Event, Vantage brought together partners, influencers, and industry experts for an elegant night of luxury, networking, and entertainment. It was a fitting end to drive powerful dialogues, brand presence, and shared momentum.

Vantage as the main sponsor of the official Wealth Expo Argentina Cocktail Event
Vantage as the main sponsor of the official Wealth Expo Argentina Cocktail Event

As Vantage continues to grow its global presence at finance events, the brand remains focused on empowering traders through innovation, education, and meaningful community engagement. Visit Vantage Markets, for more updates.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

Vantage Takes Home “Best Customer Support” at Global Business Review Magazine Awards 2025

PORT VILA, Vanuatu, May 29, 2025 /PRNewswire/ — Vantage Markets is proud to announce its recognition as the winner of “Best Customer Support” at the prestigious Global Business Review Magazine Awards 2025. This accolade highlights Vantage’s unwavering commitment to delivering exceptional service and fostering trust among its clients.

Vantage Takes Home "Best Customer Support" at Global Business Review Magazine Awards 2025
Vantage Takes Home “Best Customer Support” at Global Business Review Magazine Awards 2025

The Global Business Review Magazine Awards honour excellence across industries, celebrating companies that demonstrate outstanding performance in Banking, Finance, Insurance, Real Estate, Leadership, and Technology. The awards are renowned for their rigorous and transparent evaluation process, overseen by a panel of respected industry experts and market analysts who ensure impartiality and uphold the highest standards.

Vantage’s win underscores its dedication to customer satisfaction, reflected in its Trustpilot score of 4.3, bolstered by over 4,000 five-star ratings*. This achievement is a testament to the company’s relentless focus on providing seamless, responsive, and client-centric support.

Marc Despallieres, CEO of Vantage Markets, shared his enthusiasm: “Winning ‘Best Customer Support’ is a tremendous honour and a validation of our team’s hard work and passion for putting our clients first. At Vantage, we believe that exceptional service is the foundation of lasting relationships, and this award motivates us to continue raising the bar.”

Vantage extends its gratitude to its clients and partners for their unwavering support, and looks forward to building on this success in the years to come.

Visit Vantage Markets website, for more information about Vantage’s award-winning services and upcoming initiatives.

About Global Business Review Magazine Awards

The Global Business Review Magazine Awards celebrate excellence across industries, recognizing companies that drive innovation, leadership, and superior service. The awards are distinguished by their transparent evaluation process and esteemed panel of judges.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities.

trade smarter @vantage

* Trustpilot ratings are subject to change over time as new reviews are added.

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.