Golden Finance reported that Cango, a listed company on the New York Stock Exchange, disclosed that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL), aiming to acquire 10 million shares of Class B common shares from the company's co-founders, with the purchase price agreed by both parties. In addition, the letter of intent also requires the founders of Cango to voluntarily convert all the remaining Class B common shares they hold into Class A common shares and resign from the board of directors and senior executive positions. EWCL also advises Cango to sell its existing domestic business and be happy to introduce potential buyers to boost growth in overseas business, especially its newly launched cryptocurrency mining business.