SHANGHAI, Feb. 18, 2022 /PRNewswire/ -- Cango Inc. (NYSE:
CANG) ("Cango" or the "Company"), a leading automotive transaction
service platform in China, today
announced that Cango received a "2021 Philanthropy Practice Award"
at the 11th China Philanthropy Festival in recognition
of the Company's outstanding performance in fulfilling its
corporate social responsibilities. As a leader in corporate
philanthropy, Cango's ongoing charitable initiatives focus on
helping children in need, and include programs for orphaned
children, children with disabilities and children living in
poverty to promote their physical and mental health and
intellectual development.
Cango and its employees have long been and remain dedicated to
charitable giving and corporate philanthropy. In 2019, a group of
Cango's employees spontaneously created Cango Charity, a
philanthropic organization focused on improving the lives of
children in need. Since its inception, Cango Charity has donated
more than RMB1.5 million to Chunhui
Children, a Beijing-based
children's aid foundation, sponsoring more than 10 orphaned
children with serious illness seeking medical care in Shanghai and facilitating their adoption by
loving families. Inspired by Cango Charity, Cango's employees have
also volunteered to participate in a host of public welfare events,
such as the Egg Walkathon, the J.P. Morgan Corporate Challenge, the
Lujiazui Financial District Decathlon and others.
At the end of 2020, in collaboration with Bairen Benevolent
Foundation, Cango Charity launched its Rural Education
Support Campaign - CANGO Dream Fund for children attending
elementary schools in remote areas with the goal of encouraging
their well-rounded and healthy development. CANGO Dream Fund
initiated "CANGO Book Corner" to cultivate rural
children's interest in reading and improve their literacy skills.
The campaign is ongoing and book corners have already been set up
at four village elementary schools with over 2,500 donated
books.
In addition, CANGO Dream Fund solicits charitable projects from
Bairen's volunteer teachers and has funded a number of successful
projects, including mental health counseling for left-behind
children, and a physical health care project for girls,
contributing to rural children's comprehensive moral, intellectual,
physical and creative development.
Founded in 2011 by a diverse cohort of media organizations in
China, the China Philanthropy
Festival promotes awareness of the importance of contributing to
charitable causes and provides a forum for stakeholders to engage
in in-depth dialogue, cooperation and communication with respect to
corporate social responsibility. After eleven years of evolution,
the festival has now become the most influential annual public
welfare event in China.
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, car trading transactions, 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.
Media Contact:
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: pr@cangoonline.com
Twitter: https://twitter.com/Cango_Group
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SOURCE Cango Inc.