Wu Shuo has learned that Cango Inc announced the completion of a $65 million strategic investment and a $10 million convertible bond financing agreement with DL Holdings Group Limited to strengthen its financial position. The former was completed on March 31, with Chairman Xin Jin and Director Chang-Wei Chiu-related entities subscribing to 49,242,424 Class A common shares, with funds settled in USDT; the latter includes the issuance of $10 million principal convertible bonds and warrants to subscribe for up to 370,370 Class A common shares, with an initial conversion price of $1.62, expiring on April 1, 2028. The funds will be used for potential upstream acquisitions and expansion of AI and computing infrastructure. Both parties also signed a Memorandum of Understanding (MOU) to explore a potential strategic investment cooperation of up to $10 million, with specific terms not yet clarified.