PANews reported on May 27 that Cango Inc. announced that it had completed the sale of its mainland China business to Ursalpha Digital for approximately US$352 million in cash on May 27, and simultaneously released the relevant reversal rights. After the transaction was completed, four directors including Mr. Yongyi Zhang resigned, and Mr. Yongyi Zhang also resigned as CFO. Mr. Jiayuan Lin was appointed as interim CFO, and Mr. Yanjun Lin and Mr. Haitian Lu served as independent directors. Cango will apply to the China Securities Regulatory Commission to cancel its "China Concept Stock" status. At present, the company's core business is global Bitcoin mining, covering North America, the Middle East, South America and East Africa.