#1CANG LISTED NYSE CANGO W Make Car Purchases Simple and Enjoyable Investor Presentation 2Q23#2STEADY RECOVERY IN CHINA' SAUTO MARKET Sales Volume of Passenger Cars and NEVs in China (MM) 4% 46 1.25 Sales Volume of Passanger Cars in China (MM) ■Sales Volume of NEVS in China (MM) Penetration Rate of NEVS 52% 41% 33% 26% 13% 56 5% 5% 15.60 Growing technology platform for car trading services 11.40 9.09 6.87 3.51 1.37 1.21 31.25 30.00 27.40 27.00 26.42 27.55 27.80 24.20 2018 2019 2020 2021 2022 2023E 2024E 2025E Sources: China Association of Automobile Manufacturers, European Automobile Manufacturers Association, CITIC Securities Rapid development of NEV technology CANGO谷 Currently growth has flatted but long-term potential remains as China is the world's largest auto market Support from the central government and favorable industry policies#3USED CAR MARKET: MASSIVE POTENTIAL IN THE LONG RUN CANGO谷 Trading Volume of Used Cars in China (MM) Trading Volume of Used Cars on Trading Platforms ■Trading Volume of Used Cars 1.0 1.0 0.9 1.6 1.3 1.3 1.9 16.2 14.0 13.0 12.0 10.6 10.3 9.7 2.3 In the era of a saturated automobile market, the number of consumers opting for upgrading or exchanging their vehicles has surpassed those purchasing new cars, leading to a rapid growth trend in the used car market. 18.6 With improving policy support and market regulation, the used car industry is moving towards formalization, scaling, and branding. 2018 2019 2020 2021 2022 2023E 2024E 2025E Sources: China Automobile Dealers Association, China Insights Consultancy Consumers are now placing more emphasis on the overall experience and are seeking more convenient services that combine online and offline elements, which is driving a transformation in traditional offline transaction models.#4LEADING TECH-ENABLED AUTO PLATFORM IN CHINA Third-party Auto Financial Service Provider GANGOW合 One-stop Car Trading Service Platform Auto Trading Service Auto Loan Facilitation Aftermarket Service Other Related Business Strategic upgrade: Focus on auto trading services Supply chain finance & retail finance $ Leads of customer ⊙刈谷好车 + Insurance services - Cango Haoche & Cango U-Car Vehicle logistics services Sources of new and used cars Based on new and used car trading Empowered by big data supported by insurance and financial services Dealmaking between car dealers Dealer network: ~50,000 Number of cities covered: 300+ Number of customers served: 2,000,000+ *As of June 30, 2023#5STEADY GROWTH OF PLATFORM PERFORMANCE DATA 15:49 Q 搜索品牌/车系/车型 怎么更划算 06 HON LAIFINTUAN NGHUASUAN Y 一起来拼团! ANY 去拼团 自营车 保险服务 分期购车 祁县鑫*** 4小时前 发布了一条车源 精品加装 CANGO谷 北京市 • 品牌|车系|车型 0= 筛选 106W+ Page views 同行车源 同行寻车 新能源 个人车源 处置车 ☉ 谷好车 安全可靠 持续稳定 1W+ 好车不等人 个人一手车源 每日上新 立即查询 Dealers A 物流 热门车源 最新找车 新车潜客 准客找车 每周爆款 拼团 23款 雪佛兰科鲁泽 现货车 专区 分期购 专区 2.59万 10.0971 即订即提 超值收益 物流 综合车况 保险服务 车辆估价 维保查询 2 代看车 交强险核验 出险查询 车型识别 发票验真 51W+ 公告通知 小优必看 验车增值回购服务上线| 2023.04.18》 Page views 同行车源 同行寻车 带牌车 专区 期货车 专区 ⊙ 谷优 7.50万 去抢购 货源充足 安全可靠 安全可靠 多样 高效 6,800+ 特惠拼团 更多> Dealers 7.69万 直降3.60万 首页 逛逛 购物车 我的 山东省-济宁市 •四川省-德阳市 宝马5系530Li-3.0-A/MT领 奥迪A6L2.4-CVT/MT舒适 + 首页 竞价专区 ③業 消息 我的 * As of June 30, 2023#6EMPOWERED BY BIG DATA AND TECHNOLOGY GANGOW合 01 DATA User Digital Behavior Data Lineage KPI Dictionary DaaS Data Supermarket 03 EFFICIENCY Private Domain Operation Platform Robotic Process Automation Service Product Counter Digitalized Products 2022 中国汽车流通行业优秀会员-数字化转型 tais, ASEADE A FIZILMEZE 内容 • WOOMBAHESE, ZONEIRAD (以下排名爪分先后) BATERI ZINA IRAU 厦门二手车交易市场有限公司 山西诺维兰(集团)有限公司 上海谷投资管理咨询服务有限公司 上海车嬴信息技术有限公司 上海美天迈二手车经营有限公司 现代首选二手车经营有限公司 信车智朕( 北京)信息技术有限公司 2022 Outstanding Member of the China Automobile Dealers Association Digital Transformation Award 02 EXPERIENCE New and Used Car Apps 04 HEART Experience Model Hybrid App Framework Event Tracking Platform TECHNOLOGY CI/CD Pipeline Al Use Cases Automated GUI Testing Service Scaffolding Notes: CI/CD: Continuous integration (CI) and continuous delivery (CD) GUI: Graphical user interface B 282 FL 2023 CDTE2022 China Digital Innovation Expo Top 30 CDI China Digital Enterprises in 2022 2022中国汽车出行产业数字化服务商 TOP10 TRARE GTM CANCO (SOTERCANNY |途虎养车| 2 灿玲 国汽智图 所托璃安 WAKE *** sterides ② 房车 USEEKRA 耀出行 易车 易鑫集团 1936 优非科技 Yeans Texas TERKE Yea Years Teens Yen YERAS Top 10 Digital Service Providers of China's Automotive Mobility Industry#7RESPONSIBLE CORPORATION FOR A SUSTAINABLE SOCIETY CANGOU谷 Cango CSR program focuses on orphaned and impoverished children and children with disabilities. Cango Volunteers are dedicated to helping them improve living conditions and live for a better future. ARCHI 此前一少,发现进好的自己 8-1085 Se 保护孩子的身心健康和正确政或是我们需要共同努力的 ROGERDD ACCUR IS AS RUNCHRON 人生路领治,須走當團接 ENJOY!GIVEICO 29 belo- Work with Chunhui Care Home to help orphaned and disabled children get medical assistance and improve their survival and adoption rates. Participate in public welfare activities such as Egg Walkathon to raise money for disadvantage children. Build CANGO Book Corners in primary schools in remote areas in Yunnan to help cultivate children's interest in reading and broaden children's knowledge. CANGO Dream Fund has supported extracurricular projects in more than 10 primary schools in Yunnan.#8WHY WORK WITH CANGO 3 ☑ CANGO Cango adheres to the core values of long-termism, value creation, win-win cooperation and honesty. The Company has been widely recognized for its commitment and has built an outstanding reputation across the industry. Cango has strong cash reserves in both RMB and USD. Cango accumulated a rich source of purchasing resources from OEMs after operating for a decade. Cango has rich experience in risk control and consistent management accumulated from long-term engagements in the auto finance business. Cango has branches and offices in Hong Kong SAR and many cities in Chinese mainland. Cango has a self-developed IT system which supports warehousing, sales management and financing business.#9Our Management Team " CANGO谷 Xiaojun ZHANG Co-founder and Chairman 20+ years of experience in the auto industry Served as a financial supervisor of People' s Bank of China, Shanghai Branch Master's degree in business administration from Peking University. Completed China Senior Executive Program at Harvard Business School " Jiayuan LIN Co-founder and CEO 20+ years of experience in the auto industry Served as the Deputy Manager of Audit, and Credit Divisions in the Finance Department at Pudong Branch of Bank of China Bachelor's degree in economics from Shanghai University of Finance and Economics. Completed the China Senior Executive Program at Harvard Business School " Yongyi ZHANG CFO 20+ years of experience in finance and capital markets Worked as an auditor at Arthur Andersen (Shanghai Office) Bachelor's degree in international accounting from Shanghai University of Finance and Economics. Completed the China Senior Executive Program at Harvard Business School GMAC SAIC SAIC Finance 上汽通用汽车金融 上海汽车集团财务有限责任公司 中国人民银行 THE PEOPLE'S BANK OF CHINA GMAC SAIC SAIC Finance 上汽通用汽车金融 上海汽车集团财务有限责任公司 AVIS 安飞士租车 宜 中德证券 S 上海證券交易所 Zhong De Securities 中国银河证券 SHANGHAI STOCK EXCHANGE CHINA GALAXY SECURITIES#10CANG LISTED CANGO W 炒谷 Make Car Purchases Simple and Enjoyable This presentation contains forward-looking statements, including descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the business operations and financial condition of the Company. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. The Company or any of its affiliates, directors, officers, advisors or representatives has no obligation and does not undertake to revise forward-looking statements to reflect new information, future events or circumstances after the date of this presentation, except as required by law. www.cangoonline.com NYSE Contacts Yihe Liu Cango Inc. Tel: +86 21 3183 5088 ext. 5581 Email: [email protected] Helen Wu Piacente Financial Communications Tel: +86 10 6508 0677 Email: [email protected]