HONG KONG, July 17, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the “Second Extraordinary General Meeting”) were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.

The approved resolutions authorize significant actions, including the execution and performance of a Securities Purchase Agreement (SPA) dated June 2, 2025, for the secondary sale of 10 million Class B ordinary shares by co-founders Mr. Xiaojun Zhang and Mr. Jiayuan Lin to Enduring Wealth Capital Limited for US$70 million. This includes the repurchase of automatically converted Class A ordinary shares and the issuance of an equivalent number of Class B ordinary shares. Additionally, shareholders approved an increase in the Company’s authorized share capital to support future financing and corporate needs, as well as the adoption of the Fourth Amended and Restated Memorandum and Articles of Association to reflect the updated share capital structure.

The Company expects to file the Fourth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar promptly following the Second Extraordinary General Meeting. Closing of the Secondary Sale is expected on or around July 22, 2025, subject to customary closing conditions. While all relevant parties are actively coordinating on the closing of the Secondary Sale, there can be no assurance that these conditions will be satisfied or that the Secondary Sale will be completed on or before the expected closing date—or at all.

The full text of each resolution was included in the notice of the Second Extraordinary General Meeting, which was furnished to the Securities and Exchange Commission (the “SEC”) on Form 6-K on June 16, 2025. The full text of each resolution is also available on the Company’s website: ir.cangoonline.com.

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.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the completion, amendment or reversal of any transactions entered into, proposed or considered by Cango; Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

QINGDAO, China, July 17, 2025 /PRNewswire/ — Haier, a world’s leading household appliances brand, announced that it has obtained the TV industry’s first European Accessibility Act (EAA) certificate for its LED TVs. This prestigious certification, awarded to Haier following a rigorous evaluation by DEKRA, encompasses a wide range of Haier’s smart LED TV products, including Mini-LED, OLED, and QLED TVs.

In Europe, “accessibility” is no longer merely an extension of social responsibility, but a legal requirement for product design. Under the European Accessibility Act (EAA) (EU) 2019/882, from 2025 onward, ICT products and services entering the EU market must meet specific accessibility requirements to ensure that elderly users and those with visual, hearing, or other impairments can access technology equally, safely, and without barriers.

The certificate confirms that the Haier TV products meet EAA accessibility technical standards for audiovisual products across multiple critical dimensions, including visual display, subtitles, audio output, menu navigation, and remote-control usability. This means users with hearing impairments can “see” sound through captions, and those with visual impairments can “hear” what’s on screen. Haier TV bridges sensory barriers and delivers a more inclusive viewing experience.

“This certificate is a testament to Haier TV’s enduring dedication to making technology accessible to everyone,” said Junguang Liu, Vice President of Haier Smart Home and General Manager of Audio-Visual BU. “We will keep pushing the boundaries to discover new ways in which technology can deliver greater equality, inclusivity, and happiness to every household.”

DEKRA, as the independent third-party testing, inspection, and certification organization, conducted the evaluation based on EAADIRECTIVE 2019/882/EU, EN 301549 V3.2.1, and Draft EN 301 549 V4.1.1c (2025-05) V.0.0.15, enabling companies to identify compliance paths and validate design implementations, ensuring that accessibility requirements are translated from regulation into reality.

From millisecond-level voice command responses to adaptive subtitle rendering, from precise spatial audio positioning to a streamlined user interface — every technical detail embodies Haier TV’s commitment to equal access. This certificate reflects Haier TV’s dedication to user-centered innovation, driven by world-class R&D. As a global benchmark, Haier TV continues to advance technology for accessibility and inclusivity.

An enriching wellness escapade across Asia-Pacific that revitalizes the mind, body and spirit

SINGAPORE, July 17, 2025 /PRNewswire/ — As the allure for wellness-centric luxury travel continues to dominate the 2025 landscape in Asia-Pacific, the Luxury Group by Marriott International unveils the groundbreaking Luxury Wellbeing Series 2025 from August. According to the Group’s latest luxury travel trends report – The Intentional Traveler, 90% of high-net-worth travelers cite wellness offerings as a key factor in their booking decisions. Evolving into a holistic lifestyle pursuit, wellness travelers are planning to spend more, and with more than half planning their wellness getaways with their immediate family or significant other. Beyond just feeling good, there is a growing demand for immersive, holistic wellness journeys over passive pampering, and Asia is the top destination of choice for such experiences.

Spanning across multiple cities in Asia, this meticulously crafted wellness odyssey integrates the three essential pillars of wellness — Sleep, Nutrition, Physical & Mental Well-being — with the rich cultural tapestry and natural splendor of Bali, Maldives, and Goa. The participating properties Mandapa, a Ritz-Carlton Reserve, The Ritz-Carlton Maldives, Fari Islands, and The St. Regis Goa Resort will each offer a tailored wellness escapade, redefining luxury travel as a transformative journey towards a healthier, more enlightened self.

“Beyond tranquil retreats, affluent travelers are seeking impeccable, personalized, exceptional wellness experiences,” said Oriol Montal, Regional Vice President, Luxury, Asia Pacific excluding China, Marriott International. “As the Luxury Group aspires to predict and exceed travelers’ ever-evolving expectations, the Luxury Wellbeing Series is more than just a wellness program — it’s a transformative expedition catering to global luxury travelers’ growing desire for holistic enrichment.”

Bali | Mandapa, a Ritz-Carlton Reserve

Entering its 10^th anniversary celebration, Mandapa, a Ritz-Carlton Reserve brings wellbeing to new heights by offering a genuine connection to the island’s cultural and natural beauty.

Sleep: Delve into the traditional use of medicinal plants in the educational Balinese Medicinal Plants Workshop, exploring how local flora can enhance sleep quality and overall health with centuries-old recipes that have been passed down for generations in Balinese culture. Follow this with the profound 60-mintute Yogic Sleep Therapy, a session focused on achieving deep relaxation through controlled breathing, gentle yoga techniques, and calming Delta wave music, all designed to prepare you for a restful night free from anxiety.

Nutrition: Explore the vibrant landscapes of Bali with the guided Foraging with the Adventure Car tour led by the hotel’s Executive Sous Chef Eka Sunarya. This hands-on sensory excursion takes guests through lush greenery where they will taste wild herbs, aromatic spices and tropical fruits freshly picked directly from the earth, gaining insights into their culinary and cultural significance. To further embrace the profound appreciation and respect of nature deeply-rooted in the Balinese culture, make your own traditional Balinese herbal drinks in the hour-long Balinese Herbal Drink Workshop using local ingredients that are believed to detoxify, energize and heal.

Physical and mental wellbeing: Dive into the depths of self-awareness with the Vipassana meditation sessions, an ancient practice designed to sharpen mindfulness and foster inner tranquility. By closely observing their breath, sensations, thoughts, and emotions, guests can easily regain mental clarity and emotional resilience. Let your artistic side shine through with the Mandala Art activity, which fosters self-expression and emotional release. Through the exercise of creating a mandala, connect with your inner self and celebrate your unique identity.

Maldives | The Ritz-Carlton Maldives, Fari Islands

At The Ritz-Carlton Maldives, Fari Islands, wellness is a deeply personal journey, shaped by each guest’s unique path to balance. Rooted in the resort’s Deep Blue philosophy, which celebrates the ocean’s healing rhythm and the science of the blue mind, the experience draws on the power of water to calm, center, and inspire. From private consultations with the resort’s Director of Spa and Wellness and Executive Chef upon arrival to bespoke treatments and personalized nutrition plans, every element is thoughtfully designed to dissolve stresses and restore inner peace.

Sleep: Taking place at the serene oceanfront bedrooms, the Balance of Stillness workshop will give guests an introduction to sleep circle and creating their own sleep sanctuary with the curated sleep ritual kits to help establish a calming bedtime routine. Ensuring a deeply restorative sleep, guests will enjoy personalized turndown service featuring Chakra tea and a sound card selected based on their initial wellness consultation.

Nutrition: A Taste of the Maldives cooking class will offer guests a chance to prepare dishes using the day’s local fish catch alongside a nutritious vegetarian option and to delight in the flavors of the Maldives. Another highlight would be a one-on-one session with the in-house wellness guru and the chef for tailored nutrition guidance. Following a comprehensive review of your health history, lifestyle, and wellness goals, the professionals will provide guidance on a customized meal plan, portion control, mindful eating, and nutrient timing.

Physical and Mental Wellbeing: Set the tone with a Sunrise Floating Sound Healing Session, where sound vibrations gently align body and mind. Healing moments will be further elevated by B Strong, a powerful blend of strength training and conscious breathwork to improve resilience and clarity. A guided snorkeling trip and private coral regeneration experience further enrich this journey, deepening the connection between well-being and the healing power of the blue ocean, which the color is known to calm and focus the mind.

India | The St. Regis Goa Resort

Tucked between the Sal River and Arabian Sea, the newly renovated St. Regis Goa Resort is dedicated to the ancient practices of Ayurveda, designed to address and harmonize guests’ overall health and well-being. The journey begins with a personalized consultation with a team of in-house wellness consultants to uncover underlying health imbalances, followed by customized treatments delivered by expert therapists to ensure guests return to the world feeling soothed and centered.

Sleep: The Sleep Ritual harnesses the calming effects of Yoga Nidra alongside specially selected herbal tisanes to promote a deep, restorative sleep. This ritual is specifically crafted to help guests truly unwind, preparing them for a rejuvenating night.

Nutrition: Guests will indulge in a Dosha-Specific Farm-to-Table Lunch, creatively prepared to align with individual Ayurvedic profiles using the freshest ingredients from local farms. A visit to the resort’s Spice Garden further enriches this experience, offering insights into the healing properties of traditional herbs and spices integral to Ayurvedic cuisine.

Physical and Mental Wellbeing: The revitalizing mornings begin with a therapeutic Sound Bath Session, using Himalayan singing bowls to realign and soothe the body’s energies. This is further complemented by the Estuary Walk & Yoga, a reflective journey along the water’s edge, blending the natural tranquility of the surroundings with the physical and mental discipline of yoga. Following the initial consultation upon arrival, The St. Regis Spa offers on a series of bespoke Ayurvedic treatments designed to address guests’ specific health concerns and promote a profound sense of peace and well-being.

High-resolution images available here.

About Marriott International

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott’s news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

About Luxury Group by Marriott International

With an unrivaled portfolio of eight dynamic luxury brands, Marriott International is creating authentic, rare, and enriching experiences sought by today’s global luxurian. Spanning all corners of the world, Marriott International’s Luxury Group offers a boundless network of more than 530 landmark hotels and resorts in over 70 countries and territories through The Ritz-Carlton, Ritz-Carlton Reserve, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels. From the world’s most iconic destinations to the ultimate undiscovered gems, the international hospitality leader’s collection of luxury brands is focused on elevating travel with highly contextualized, nuanced brand experiences that signal the future of luxury by allowing guests to indulge their passions while sparking personal growth. For more information, please visit Luxury.Marriott.com.

Media Contact
Joanna Huang
Director, Luxury PR & Communications
Marriott International, Asia Pacific excluding China
joanna.huang@marriottluxurybrands.com 

BEIJING, July 17, 2025 /PRNewswire/ — On July 15, the 8th Australia-China CEO Roundtable Meeting was held in Beijing. Liu Chunxi, Senior Executive President of Yili Group, participated and delivered a speech. Liu stated that Australia boasts high-quality agricultural and pastoral resources, along with extensive expertise in dairy cattle breeding, pasture management, and dairy product R&D and manufacturing. Meanwhile, China offers a stable and positive macroeconomic environment, a thriving health food consumption market, and leadership in digitalization and low-carbon technology applications. The two countries’ industries are highly complementary, presenting broad prospects for cooperation.

Deepening Presence in Australia

Yili’s collaboration with Australia began in 2016. By leveraging Australia’s premium raw material resources and well-established industrial system, Yili has expanded its partnerships with Australian companies across areas including raw material sourcing, dairy farming, dairy technology R&D, and nutritional health products. To date, Yili’s total investment and trade volume in Australia has exceeded RMB 3 billion, fostering mutually beneficial development in the China-Australia supply chain and industrial cooperation.

In 2024, the ADP factory of Ausnutria, Yili’s subsidiary in Australia, obtained a formula registration certificate, becoming the first Australian company granted approval for the full range of infant formula products. This milestone marks a significant breakthrough for Yili’s operations in Australia and is expected to greatly enhance the global competitiveness of its infant formula offerings, offering superior quality assurance for maternal and infant health.

Yili’s Australian subsidiary, Nutrition Care, is a professional, pharmacy-grade nutrition brand. Its flagship product, NC Gastrointestinal Powder, has maintained the top position in China’s adult gastrointestinal healthcare compound powder market for several consecutive years. Recently, its probiotic product, NC Seasonal Biotic, also achieved top-selling status among Australian probiotic brands for nasal health.

Expanding Global Industrial Footprint

In neighboring New Zealand, Yili’s business continues to advance steadily. After more than a decade of continuous investment and development, the company’s industrial presence in New Zealand now spans the entire value chain, including dairy sourcing, innovative R&D, manufacturing, and brand marketing. Yili operates six production bases and offers a diverse product portfolio ranging from liquid milk, milk powder, butter, cheese, cream, yogurt, lactoferrin, to bovine colostrum. Yili has established partnerships with over 400 local farms, establishing itself as the largest Chinese dairy investor in New Zealand in terms of both scale and scope of cooperation. This strategic layout not only strengthens Yili’s position as a key player in the global supply chain but also injects new vitality into the dairy industry across the Australia-New Zealand region, successfully establishing a trans-Pacific dairy corridor.

Looking ahead, Yili will continue to uphold an open and collaborative approach, further expanding its global market presence through technological innovation and global resource integration, with the aim of providing consumers worldwide with premium health food and promoting sustainable development across the industry.

• 77%^[1] of respondents define health as “living independently and doing what’s important”, prioritizing a meaningful life over simply living longer. Many would prefer a fulfilling life to age 75 over living to 80 in an ordinary manner—reflecting a shift in how longevity is traditionally perceived.
• Resilience across physical, financial, and mental well-being—alongside strong family support—is key to aging well. With health issues to emerge as early as age 39 on average among respondents, the three most anticipated areas of increased spending are medication (43%), major illnesses and surgeries (37%), and mobility support (35%). To sustain themselves in later years, 91% are open to lifestyle changes such as cutting utility bills, choosing more affordable meals, or seeking cross-border healthcare. Mental health and family relationships are also seen as vital, with 83% valuing family support for mental well-being and 77% linking mental health to longevity.
• Building steady income streams and seeking financial professional advice are seen as key to sustainingone’s desired lifestyle in retirement. 43% of respondents expect their pension providers to help ensure stable income in retirement, while many don’t recognize the importance of diversifying their investments.

HONG KONG, July 17, 2025 /PRNewswire/ — The latest findings from the Manulife Asia Care Survey 2025 offer new insights into how Hongkongers perceive longevity. Rather than simply aspiring to live longer or avoid illness, the majority of the respondents now prioritize leading a fulfilling life on their own terms—valuing independence, purpose, and meaningful experiences.

As this broader understanding of longevity takes hold, there is an urgent need for proactive planning and professional support. These measures can empower individuals to make informed decisions and adopt behaviours that foster holistic health and financial security, ultimately helping them achieve their life goals.

New Perspective on Longevity: Balancing Life Quality and Lifespan

According to the Hong Kong version of this survey, conducted between January and February 2025 with 1,000 adults aged 25 or above in Hong Kong, 77% of respondents define health as “living independently and doing what’s important“, rather than merely avoiding illness. Many indicated they would prefer a more fulfilling life—even if it meant living to age 75 instead of the average 80—highlighting a growing appreciation for life satisfaction alongside longevity.

When asked about their top aspirations:

• 47% prioritize maintaining their physical and mental well-being to age gracefully.
• 41% aim for total financial independence and freedom.
• 33% focus on achieving or maintaining their most desired lifestyle or quality of life.

“It’s encouraging to see more people in Hong Kong redefining what it means to live well—not just living longer, but living with purpose, independence, and peace of mind,” said Celia Ling, Chief Marketing Officer, Manulife Hong Kong and Macau. “At Manulife, we recognize that quality and quantity of life don’t have to be a trade-off. As people navigate their lifestyles and financial choices, the demand for flexibility and support continues to grow. Through our holistic suite of insurance products and services—designed to provide protection during illness and help financial planning for the future—we empower our customers to embrace aging with greater resilience and treat it as an evolving journey.”

The Three Pillars of Resilience: Physical, Financial, and Mental Well-being—Strengthened by Family Ties

As individuals increasingly prioritize a fulfilling life over simply living longer, the survey reveals that achieving this vision requires resilience across three key pillars: physical, financial, and mental well-being—supported by the vital role of family relationships.

Respondents report experiencing signs of health issues as early as age 39 on average, despite expecting them to begin around 67. Among them:

• 43% expect higher spending on medication.
• 37% foresee increased costs for major illnesses or surgeries.
• 35% anticipate greater expenses due to declining mobility or disability.

In response, 91% are willing to make lifestyle adjustments to manage financial pressures during extended retirement, including reducing utility expenses (40%), choosing more affordable meals (30%), or seeking medical treatment across the border (20%).

Beyond physical and financial health, mental well-being and family support also play a critical role. 83% believe family relationships are as important as financial well-being in supporting mental health, while 77% believe mental well-being significantly affects longevity.

These findings underscore the importance of building all-rounded resilience early on—by maintaining a balanced focus on physical health, financial security, and mental well-being, while also nurturing strong family ties. They further highlight the value of adequate protection, with 61% of respondents agreeing that having insurance can influence their ability to sustain physical health.

Seeking Steady Income in Retirement while Overlooking Diversification

With growing awareness of the link between financial health and longevity, the survey shows that building long-term income streams is essential for achieving a desired lifestyle in retirement. 43% of respondents look to pension providers for services that ensure steady income, while 36% prioritize long-term investment growth and 32% seek protection against inflation.

While the majority (70%) view financial health as a key enabler of longevity, 52% of respondents feel they may not have sufficient funds for retirement. The mindset that “cash is king” is prevalent among most people. Cash makes up 45% of liquid assets (property excluded) across total savings and investments, with younger individuals aged 25-34 holding an even larger share at 53%. When it comes to retirement preparation, 55% still consider cash their most important asset, followed by pension schemes (31%).

Jeanie Ho, Head of Hong Kong and Macau Retirement, Manulife, commented: “While cash offers a sense of security, it alone is oftentimes insufficient in maintaining a high quality of life in retirement. Our survey shows that as the MPF system continues to mature, MPF schemes are playing an increasingly important role in retirement financial planning. At Manulife, we are committed to driving product innovation in the MPF space. In addition to offering the widest range of fund choices in the market, we are also strengthening investor education through artificial intelligence (AI) in creating educational videos and an MPF simulation game platform. These efforts aim to foster awareness and habits around continued investing after retirement, helping Hongkongers achieve their desired lifestyle throughout longer lives.”

The Role of Professional Guidance in Achieving Longevity Goals

With longer life expectancy adding complexity to retirement planning, the survey emphasizes the critical role of professional guidance. Among respondents, 62% of those who have a professional financial planner are confident in having sufficient funds for retirement, compared to just 29% of those without one. However, the necessity for diversification is not top of mind, with only 30% actively prioritizing it. This may hinder their ability to build sustainable wealth for retirement and effectively mitigate inflationary risks.

By aligning professional advice with the evolving goals of today’s retirees—who seek not just longer lives, but better ones—financial planners can play a transformative role in helping Hongkongers age with confidence, resilience, and purpose.

For further details on the Hong Kong-specific findings of the Manulife Asia Care Survey 2025, please visit: manulife.com.hk/en/individual/promotions/asia-care-survey-2025.html

About the Manulife Asia Care Survey

The Asia Care Survey 2025 was conducted across January and February 2025 and captured insights from over 9,000 individuals aged 25 or above (including 60+) across nine Asian markets: Mainland China, Hong Kong SAR, Taiwan region, Japan, Singapore, Vietnam, Indonesia, Philippines, and Malaysia.

About Manulife Hong Kong

Manulife Hong Kong has been a trusted name for more than 125 years. Since our operations started in Asia in 1897, we have grown to become one of the top-tier providers of financial services, offering a diverse range of protection and wealth products and services to over 2.6 million customers in Hong Kong and Macau. We are committed to helping make decisions easier and lives better for our customers.

Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, Manulife Investment Management (Hong Kong) Limited, and Manulife Provident Funds Trust Company Limited. These entities are all subsidiaries of Manulife Financial Corporation.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.