Document:

EX-4.18

 Exhibit 4.18 

Certain information in this document identified by brackets has been omitted because it is both not material and would be competitively harmful if publicly
disclosed. 
 Contract No.: WeBank (CGW) BZ 2021 No. 001 

Automobile Finance Guarantee Contract 

Party A: Shenzhen Qianhai WeBank Co., Ltd. 
 Address: Block A,
Building 7, Shenzhen Bay Science and Technology Ecological Park, No. 1819 Shahe West Road, Nanshan District, Shenzhen 
 Legal representative
(responsible person): Gu Min 
 Contact information: [REDACTED] 

Party B: Shanghai Cango Investment and Management Consultation Service Co., Ltd. 

Address: 10/F, Building 3, Youyou Century Square, No. 428 Yanggao South Road, Pudong New Area, Shanghai 

Legal representative: Zhang Xiaojun 
 Contact information:
[REDACTED] 
 Party C: Cango Financing Guarantee Co., Ltd. 

Address: No. 75-1 Jinfeng Street, Shenfu New Area, Liaoning Province 

Legal representative: Song Zhipeng 
 Contact information:
[REDACTED] 

 Whereas: 

1.    Party A and Party B signed the Automobile Finance Business Cooperation Agreement (WeBank (CGW) HZ 2018 No. 001) in 2018
(hereinafter referred to as the “original cooperation agreement”), and the Automobile Finance Business Cooperation Agreement (WeBank (CGW) HZ 2020 No. 001) in 2020 (hereinafter referred to as the “new cooperation
agreement”, and the original cooperation agreement and the new cooperation agreement are hereinafter collectively referred to as the “cooperation agreements”). According to the cooperation agreements, Party A shall cooperate with
Party B in automobile finance business, provide loans to the customers with loan eligibility who are recommended by Party B and approved by Party A, and sign the Automobile Finance Loan Contract (the name of the actually-signed contract shall
prevail, hereinafter referred to as the “master contract”); 
 2.    Party C is a legally established financing
guarantee company, and voluntarily assumes the guarantee liability under the cooperation agreements for the customer loans granted as of January 1, 2021 (inclusive) under the cooperation agreements. To avoid ambiguity, the signing date of the
master contract shall be within the cooperation period agreed in the cooperation agreements, and the expiration date of performance period of the master contract shall not be limited to the above period. “Customers” and “customer
loans” under this Contract shall be all defined in compliance with/within the scope guaranteed by Party C as agreed herein. The specific guarantee items are as follows: 

Article I Joint and Several Liability Guarantee 

1.1    Guarantee scope of maximum amount 

Party C is willing to assume joint and several guarantee liability for customer loans. The scope of guarantee provided by Party C includes all debts of the
debtor under the master contract, including but not limited to the principal of debt, interest, default interest and other fees (if any). 

1.2    Party A shall not require Party C to undertake the guarantee liability mentioned in this article where the compensation for Party
C’s actual performance of guarantee liability under this Contract reaches [REDACTED]% of the loan balance of all customers. However, the security deposit pledge guarantee liability undertaken by Party C in accordance with Article II of this
Contract is not subject to this limit. 
 1.3    Party C shall independently undertake the guarantee liability under this Contract.
Regardless of whether there is any guarantee of real right or other guarantees provided by the guarantor (including the debtor of the master contract), Party A shall have the right to directly require Party C to undertake joint and several guarantee
liability without executing other guarantee rights or other guarantees in the first place. Party C shall not raise any objection to this. 

1.4    Maximum guarantee period: From the effective date of this Contract to three years after the expiration of the specific debt
performance period under the master contract. 

 1.5    Performance of joint and several guarantee liability 

In case of any circumstance specified in this clause (“guarantee liability event”), Party A may require Party C to undertake joint and several
guarantee liability according to this clause. 
 1.5.1    Where any loan of customers is overdue for [REDACTED] natural days, Party C
shall bear joint and several liability for the overdue loan within [REDACTED] natural days from the date of overdue. 
 1.5.2    Where
customers default under the master contract and Party A requires customers to accelerate the repayment of all the remaining principal and interest of loans (including but not limited to principal, interest, default interest and other fees), Party C
shall undertake joint and several liability for the overdue loan within [REDACTED] natural days after customers accelerate the repayment. 

1.5.3    In case of any other event that Party A has the right to require customers to accelerate the repayment of the remaining principal
and interest of loans (including but not limited to principal, interest, default interest and other fees) according to the master contract, Party C shall undertake joint and several liability for the overdue loan within [REDACTED] natural days after
customers accelerate the repayment. 
 1.6    Where Party C performs the joint and several guarantee liability according to the
provisions of this article, Party C shall irrevocably authorize Party A to deduct funds from the settlement account (account number: [REDACTED]) and security deposit account opened by Party C with Party A (account number: [REDACTED]) until Party
C’s performance of the joint and several guarantee liability under this Contract is unconditionally and irrevocably completed. 

Article II Security Deposit Pledge Guarantee 

2.1    The security deposit account (account number: [REDACTED]) is opened by Party C with Party A, and the security deposit shall be
saved and released according to the following conventions: 
 2.1.1    Party C shall save security deposit into the security deposit
account according to the method, amount and/or ratio agreed by both parties, including but not limited to the Supplementary Agreement on Security Deposit signed by Party A and Party C from time to time. Meanwhile, Party C shall authorize
Party A to deduct the above amount from Party C’s settlement account and transfer into the security deposit account. 
 Prior to the occurrence of a
trigger event (as defined in Article IV below), Party A may release the security deposit on a regular basis as long as the security deposit meets the agreed release conditions. The corresponding relationship between a single loan and the
release of security deposit shall be subject to the confirmation of Party A, unless there are material errors. 
 Party A and Party C may, from time to
time, use the amount and/or ratio of the security deposit determined in the Supplementary Agreement on Security Deposit as an integral part of this Contract. 

 2.1.2    Any amount paid by Party C shall be deemed as specified and pledged to Party A
upon entry into the security deposit account, and the pledge shall take effect from then on and provide guarantee for customer debts guaranteed by the used car guarantee contract agreed in Article 8.3 and this Contract, including but not limited to
principal of loan, interest, default interest and other relevant fees. All security deposits under the security deposit account shall provide guarantee for the debts of all customers, and shall not be affected by the amount set aside by any customer
of Party C. Where any customer violates the master contract signed by it and Party A, Party A shall have the right to directly deduct the security deposit in the security deposit account based on the total amount payable by the customer due to
default, in order to perform the guarantee liability for the security deposit assumed by Party C under this Contract. 
 2.2    The fund
in the security deposit account shall be subject to the current deposit interest rate of the People’s Bank of China, and Party A shall pay interest to Party C according to the interest settlement rules of Party A, and carry forward the interest
to the settlement account of Party C on a regular basis. 
 2.3    Party C shall ensure that the amount in the security deposit account
complies with the provisions of this article. Where Party C fails to save security deposit in full amount on time, Party A may reject customer loan under the cooperation agreements as failing to meet the loan granting conditions. The losses thus
incurred to Party B and Party C shall be borne by both parties through negotiation, and Party A shall not be liable for such losses. 

2.4    If the customer’s loan is overdue or the interest is in arrears, Party A shall enjoy the priority of compensation for the
security deposit pledged in the security deposit account. 
 2.5    In case of any default by Party C, Party A shall have the right not
to release or refund the balance in the security deposit account of Party C until the default event is eliminated and/or all customer loans under the cooperation agreements are settled. 

Article III Compensation Liability 

3.1    In case of any circumstance agreed in this article (“compensation event”), Party A may require Party C to perform
compensation liability according to this article: 
 3.1.1    Where any loan of customers is overdue for [REDACTED] natural days, Party
C shall bear joint and several liability for the overdue loan within [REDACTED] natural days from the date of overdue. 
 3.1.2    Where
customers commit any default under the master contract, and such default has not been corrected within [REDACTED] workdays. 

3.1.3    Where Party A considers that Party C needs to perform the compensation liability, and Party C agrees. (3.1.1, 3.1.2 and 3.1.3 are
collectively referred to as “compensation conditions”). 

 3.2    In case of compensation event, Party A may require Party C to unconditionally pay
Party A all amounts owed by the customer to Party A on the [REDACTED] day after the compensation event occurs (including the remaining principal of loan, interest and default interest payable as of the date of compensation date by Party C and other
fees), as the consideration for Party C’s performance of compensation liability to purchase such debts from Party A (hereinafter referred to as “compensation amount”). 

3.3    Where the compensation liability actually performed by Party C in accordance with this Contract has reached [REDACTED]% of the loan
balance of all customers, Party A shall no longer require Party C to assume the compensation liability mentioned in this article. However, the security deposit’s pledge guarantee liability undertaken by Party C in accordance with Article II of
this Contract shall not be subject to this limit. 
 3.4    Party C may irrevocably authorize Party A to deduct from Party C’s
settlement account and security deposit account opened with Party A the compensation amount payable by Party C for performing the compensation liability under this article; Where Party A chooses to deduct the amount from the security deposit
account, Party C shall make up the amount deducted by Party A within [REDACTED] natural days after Party A’s deduction, to restore the balance in the security deposit account to the level before deduction. 

3.5    Before the trigger event occurs, once Party C has paid the compensation amount in full, Party A’s bank loan on the
customer shall be transferred to Party C. (1) Party A is not required to send the notice of assignment of debt to the customer, and such assignment shall take effect between Party A and Party C; (2) Party A may directly collect the loan
from the customer (including judicial collection). After receiving the repayment from the corresponding customer under the assignment of debt to Party C, Party A shall return the loan to Party C after deducting all costs and expenses incurred by
Party A in recovering or urging the customer (or third-party guarantor) under the assignment of debt before and after the assignment. 

3.6    Party C agrees that the performance of Party C’s compensation liability for any customer in accordance with this Contract
shall not be conditioned on whether Party A announces the accelerated maturity of the customer under the master contract. Party A is also not required to make any claim or bring any lawsuit against the customer in advance, or dispose of the
mortgaged vehicle or other collaterals of the customer by any means, or take any action or assert any right against any third party liable under the cooperation agreements. Meanwhile, the validity of any master contract or any unreasonable defense
raised by customers against Party A in accordance with the master contract shall not affect Party C’s compensation liability to Party A under this Contract. 

3.7    Party C hereby confirms and agrees that, with respect to the compensation amount of any customer, the compensation amount issued by
Party A shall be regarded as accurate data, without any certificate and other documents issued by Party A, unless there are obvious or material errors. Where Party C requires obtaining explanations on the compensation amount, Party A shall issue
corresponding certificates to Party C. 

 3.8    Where Party C considers that the result of its performance of compensation
liability is caused by the behavior of Party B, Party B and Party C may determine the liability according to the relevant agreement signed by both parties; if there is no agreement arrangement, Party B and Party C shall both negotiate on their own.
Party A shall not be responsible for any mediation or proof. 
 3.9    For the avoidance of doubt, where the compensation event and the
guarantee liability event overlap, Party C shall have the right to decide to undertake corresponding obligations in accordance with Article I or Article III of this Agreement. 

Article IV Agreement on Special Use of Security Deposit 

Party A and Party C agree that when an event of serious deterioration of operating status occurs with Party C in the opinion of Party A (“trigger
event”), Party C’s guarantee/compensation liability shall be [REDACTED]% of the customer’s loan balance on the following deduction date, and Party A shall have the right to directly deduct the full amount from the settlement account
and security deposit account of Party C. The deducted amount shall be directly used as the advance payment for debt purchase (hereinafter referred to as the “first amount of debt purchase”) paid by Party C to Party A from the
date of deduction. The amount equivalent to the unpaid compensation amount payable by Party C under this Contract (if any) shall be deemed that Party C has paid the purchase amount of corresponding debt to Party A. All amount of debt purchase
(including the first amount of debt purchase) shall be processed and used in accordance with the following agreement: 
 4.1    Purpose
of the first amount of debt purchase: As for the first amount of debt purchase received by Party A, before the liquidation date (including such date), it shall be used for: (a) the reasonable costs incurred by Party A to reduce the guarantee or
compensation liability undertaken by Party C and/or manage the debt of customers for which Party C fails to perform the guarantee and compensation liability (including but not limited to collection and customer service, hereinafter referred to as
the “loan management costs”); (b) the bank loan with compensation event (hereinafter referred to as the “credit assignment”) on or after the payment date of the first amount of debt transfer. 

4.2    Purpose of new purchase amount of debt: any repayment of the customer (or third-party guarantor) under the corresponding master
contract or other guarantee contract before the liquidation date (inclusive) shall constitute new purchase amount of debt. All purchase amount of new debt may be used for payment after the date of payment of the first amount of debt purchase:
(1) loan management costs, and (2) debt purchase amount of the assigned debt. The first amount of debt purchase and new purchase amount of debt are collectively referred to as the “debt purchase amount”. 

4.3    Liquidation date: Both parties agree that on the 30th workday (the “liquidation date”) following four (4) years from
the date of payment of the first amount of debt purchase, both parties shall conduct an overall liquidation in accordance with the provisions of Clause 4.10. Prior to the liquidation date, Party A is only obliged to provide Party C with a monthly
statement in accordance with the conditions agreed in Clause 4.9. Meanwhile, before the liquidation date, unless otherwise agreed by Party A in writing, Party C shall have no right to claim rights against Party A or its corresponding customers or
guarantors with respect to the debt purchase amount and the assignment of debt (in part or in whole). 

 4.4    Principle and risk of use of debt purchase amount: before the liquidation date,
Party A will use the debt purchase amount in several times as the amount that shall be used by Party C to purchase the corresponding assigned debt and pay the corresponding loan management costs from Party A in times, installments and batches. Party
C also confirms that Party A has full rights before the liquidation date to claim or waive part of rights (including but not limited to extension of loan term, deducting interest or waiving the rights to such customers or the guarantors of third
parties and collaterals under any master contract or other agreements) to the customers under the assignment of debt by any means recognized by Party A. Party C shall fully bear the repayment risk of the corresponding customers under the assignment
of debt, and shall not claim any loss or compensation from Party A on any act or omission of Party A before the liquidation date. 

4.5    As for loan management costs, Party C agrees that Party A’s reasonable determination of loan management costs shall prevail,
and Party A shall separately issue any certificate and other documents, unless there are obvious or material errors. 
 4.6    Transfer
consideration for each assignment of debt: In respect of any assignment of debt, the consideration for an assignment paid by Party C in respect of the assignment of debt is the principal, interest, default interest and other fees (if any) of the
customer under the assignment of debt. 
 4.7    Party C hereby agrees that whether any compensation event occurs under the loan of any
customer, which needs to be transferred to Party C, shall be determined by Party A on its own. Meanwhile, as for any customer loan, Party C understands and agrees that Party A may use the debt purchase amount in installments and times according to
the specific conditions of the loan, namely: for any loan, Party A shall have the right to use the debt purchase amount paid by Party C in times according to the normal repayment period of such loan, and assign the part of the loan due by
installments, or have the right to use the debt purchase amount for purchase at one time, and assign such debt to Party C as a whole. 

4.8    Party C agrees that without the prior consent of Party A, Party C is not entitled to notify Party A of using any debt purchase
amount under this clause to offset its obligation to pay the compensation amount under this Contract. 
 4.9    Notice on monthly use of
the debt purchase amount: Party A agrees that it shall, within the first 10 workdays of each month after receipt of the initial purchase amount, provide Party C with a statement on the use of the purchase amount for the previous month, including:
(a) the balance of the debt purchase amount at the beginning of the previous month; (b) the debt purchase amount that has been used in the previous month; (c) new debt purchase amount. 

 4.10    On the liquidation date, Party A shall conduct the overall liquidation of Party
C according to the following mechanism: 
 4.10.1    Party A shall, on the liquidation date, calculate the balance of unused debt
purchase amount (hereinafter referred to as “fund balance”) as of the settlement date according to the reconciliation mechanism under Clause 4.9, and details of assignment of debt that have not been fully recovered by the customer
(or the guarantor) under the assignment of debt as of the liquidation date (hereinafter called “debt balance”); 

4.10.2    Subject to the fund balance and debt balance verified on the liquidation date, if there is fund balance, Party A shall return
all fund balance to Party C within five workdays after the liquidation date; if there is debt balance, Party A shall, within 30 workdays, send a notice of assignment of debt to the customer (or guarantor) under such debt balance. 

Article V Rights and Obligations 

5.1    Rights and obligations of Party C 

5.1.1    Party C shall have the right to require Party A to keep confidential the information provided by Party C, unless otherwise
required by laws and regulations or regulatory authorities, or otherwise agreed by the parties, or that the information provided by Party C does not constitute confidential information. 

5.1.2    Party C has carefully read the master contract and the cooperation agreements and confirmed all clauses. Party C promises and
agrees that it is unnecessary to confirm the single loan contract or loan receipt under the master contract that does not exceed the cooperation agreements. 

5.1.3    Party C specifically represents and guarantees that: 

(1) Party C is legally established and willing to use the assets owned by Party C or legally disposed of as guarantee to ensure the performance of the
obligations specified in this Contract; 
 (2) Party C’s signing of this Contract has been fully authorized or approved by the superior
institution/board of directors or other competent authorities; 
 (3) The signing of this Contract is the true intention of Party C, and there is no fraud
or coercion; 
 (4) Any change in the industrial and commercial registration, organizational structure, equity structure, operating mode or financial
condition of Party C or any debt restructuring, material related party transaction or other matters shall not affect the legal binding force of this Contract to Party C; 

(5) Party C shall have the obligation to ensure that the successor or transferee of Party C is bound by all provisions of this Contract, and shall not
transfer the aforesaid guarantee liability without the written consent of Party A; 
 (6) Where Party C fails to repay the guaranteed debts in accordance
with the provisions of this Contract, Party A shall have the right to deduct the amount from the account opened by Party C with Party A or other financial institutions until the debts are settled in full; 

 (7) Under the cooperation agreements, where Party A and Party B negotiate to change the contract conditions,
sign supplementary agreements, add appendixes to this Contract, Party C shall recognize it even if Party C’s guarantee/compensation liability is increased, without affecting the guarantee liability of Party C under this Contract; 

(8) Party A shall have the right to dispose of the bank loan granted to customers under this Agreement at any time in the form of including but not limited to
sale and transfer, and Party C shall provide Party A with all necessary assistance, including but not limited to signing relevant documents, handling corresponding formalities and taking corresponding actions as instructed by Party A; 

(9) Party A shall have the right to jointly grant loans under the cooperation agreements to customers together with other cooperative financial institutions,
and Party C shall perform its obligations for the loans granted by Party A in conjunction with other cooperative financial institutions in accordance with this Contract. Party C shall not raise any objection to Party A as the sole borrower. Where
Party A cooperates with other financial institutions to jointly grant loans under the cooperation agreements to customers, Party A and/or any financial institution of Party A shall have the right to handle the guarantee formalities and enjoy the
security interest as the guarantee agent. Party C shall perform the guarantee liability to Party A and/or the financial institutions of Party A in accordance with the Contract. Party A and/or the financial institutions of Party A may distribute
relevant security interest on its own. Party C shall not raise any defense against the performance of guarantee liability on this ground. 

5.1.4    Except the information that Party C is obligated to keep confidential, Party C shall submit Party C’s materials to Party A
on a quarterly basis (including but not limited to financial statements, audit reports, balance of assets under guarantee, net asset data, compensation rate and balance of guarantee liability submitted to the competent authority of Party C), and
guarantee the authenticity, completeness and effectiveness of the above-mentioned materials, so that Party A can timely assess the operating condition and guarantee capacity of Party C. 

5.1.5    Where Party C incurs any event that may affect the rights and interests of Party A, including but not limited to changing the
organizational structure of the company, changing the business operation model, altering the product modality, signing or changing the agreement that may affect the interests of this Contract or Party A, Party C shall notify Party A in writing at
least 10 workdays prior to the occurrence of the above-mentioned event. 
 5.1.6    Where Party C suffers an event that may affect its
solvency, including but not limited to material adverse change in operating condition, heavy penalty imposed by competent authorities, material legal disputes, and material lawsuits involving the actual controller and main management, Party C shall
notify Party A in writing within 10 workdays after the occurrence of the above-mentioned event, and Party A shall have the right to take remedial measures for breach of contract under this Contract. 

5.1.7    After Party C has performed its obligations under this Agreement, Party A may, as required by Party C, issue relevant
certificates to Party C within 15 workdays after the performance of this Agreement. 

 5.2    Where the compensation for the guarantee liability actually performed by Party C
according to Article I of this Contract and compensation for compensation liability performed according to the Article III of this Contract total [REDACTED]% of the loan balance of all customers, Party A shall no longer require Party C to undertake
the guarantee liability and/or compensation liability, but Party C’s security deposit pledge guarantee liability in accordance with Article II of this Contract shall not be subject to this limit. 

Article VI Breach of Contract 

6.1    In case of any default event by Party C, Party A shall have the right to take one or more of the following measures: 

6.1.1    Require Party C to eliminate the adverse impact caused thereby, and require Party C to add or change guarantee conditions,
including but not limited to require Party C to make up the security deposit and provide guarantee measures recognized by Party A; 

6.1.2    Require Party C to continue performing its obligations as agreed in this Contract; 

6.1.3    Require Party C to compensate Party A for the losses caused by the default event, including the expenses incurred by Party A to
eliminate the adverse impact of default; 
 6.1.4    Where Party A claims the subrogation right against the debtor of Party C in
accordance with the law, or requests the court to cancel Party C’s act of waiving its matured loans or transferring its property free of charge, and transferring its property at an obviously unreasonable low price, Party C shall provide all
necessary cooperation and assistance as required by Party A, and Party C shall bear the reasonable expenses arising therefrom; 

6.1.5    Take any other measures permitted by applicable laws and regulations or agreed in this Contract. 

For the purpose of this article, Party C shall irrevocably authorize Party A to deduct corresponding amount from any account opened by Party C with Party A as
a remedy for Party C’s default. 
 Article 7 Confidentiality 

7.1    Parties shall strictly keep confidential any form of information received or obtained from other parties in connection with the
signing of this Contract (or any other agreement entered into pursuant to this Contract) in respect of the following matters, and shall not disclose or use any of the following information to any third party other than the regulatory authorities:

 7.1.1    Business under this Contract; 

7.1.2    Negotiation contents related to this Contract; 

7.1.3    Relevant credit investigation data, customer information and transaction information provided based on the business under this
Contract; 

 7.1.4    Business, finance and other matters of other parties (including future plans
and objectives). 
 7.2    This confidentiality clause shall not prohibit the disclosure or use of business confidential information in
the following ways and within the following scope: 
 7.2.1    Disclose or use business confidential information in accordance with the
provisions or requirements of regulatory authorities and stock exchanges of parties; 
 7.2.2    Must disclose or be used for the
purpose of any judicial, arbitral or other similar proceedings in connection with this Contract or any other agreement entered into pursuant to the provisions of this Contract. 

7.3    The duty of confidentiality shall extend from the date of signing this Contract to the date when such information has been made
public or is made public upon the approval of the disclosing party without being affected by the expiration of the term of this Contract. 

Article VIII Supplementary Provisions 

8.1    This Contract is irrevocable. 

8.2    As of January 1, 2021 (inclusive), new cooperation business under the original cooperation agreement is no longer applicable
to the Automobile Finance Guarantee Contract (WeBank (CGW) BZ 2020 No. 001) signed by Party A, Party B and Party C (hereinafter referred to as the “used car guarantee contract”), and the provisions of this Contract shall apply,
but the existing cooperative business under the used car guarantee contract shall still be subject to the provisions in the used car guarantee contract. 

8.3    This Contract is independent of the master contract and the cooperation agreements. Where the master contract and the cooperation
agreements or any part thereof are invalid, this Contract shall remain valid. 
 8.4    In case of any discrepancy between this Contract
and the cooperation agreements, this Contract shall prevail. 
 8.5    Any dispute arising from the performance of this Contract shall
be settled by parties through negotiation; if the negotiation fails, either party may file a lawsuit to the people’s court in the place where Party A is located. 

8.6    The conclusion, interpretation and dispute resolution of this Contract shall be governed by the laws of the People’s Republic
of China (excluding laws of Hong Kong, Macao and Taiwan). 
 8.7    This Contract shall be signed by the legal representatives or
authorized agents of parties on the signing date, and shall come into effect on February 4, 2021 (inclusive) after being signed (or affixed with name seals) by the legal representative or authorized agents and affixed with official seals of all
parties. 
 8.8    The Contract shall be made in triplicate, with each party holding one copy, which has the same legal effect. 

 (No text below) 

(No text on this page and it is the signature page of this Agreement) 

Seal of Party A: [Shenzhen Qianhai WeBank Co., Ltd.] (seal) 

Legal representative or authorized agent (signature or seal): [Gu Min] (seal) 

Date 
 Seal of Party B: [Shanghai Cango
Investment and Management Consultation Service Co., Ltd.] (seal) 
 Legal representative or authorized agent (signature or seal): [Zhang Xiaojun] (seal)

 Date January 25, 2021 
 Seal of Party
C: [Cango Financing Guarantee Co., Ltd.] (seal) 
 Legal representative or authorized agent (signature or seal): [Song Zhipeng] (seal) 

DateEX-4.19

 Exhibit 4.19 

Certain information in this document identified by brackets has been omitted because it is both not material and would be competitively harmful if publicly
disclosed. 
 Automobile Finance Project Cooperation Agreement (Contract No. [    ]) 

This Automobile Finance Project Cooperation Agreement (“this Agreement”) is signed by the following parties in Hangzhou, People’s Republic of
China (for the purpose of this Agreement, excluding Hong Kong SAR, Macao SAR and Taiwan) on March 24, 2020 (the “signing date”). 

1.    Shanghai Cango Investment and Management Consultation Service Co., Ltd. (“cooperative institution”) is a limited liability
company validly established and existing under the laws of the PRC. Its registered address is: Room 418, Building 13, No. 258 Juxun Village, Chengqiao Town, Chongming District, Shanghai, and the unified social credit code is 91310230560191810P.

 2.    Chongqing Wantang Information Technology Co., Ltd. (“Chongqing Wantang”) is a limited liability company validly
established and existing under the laws of the PRC. Its registered address is: Room 8, 1/F, No. 23 Gongnong Road, Yuzui Town, Jiangbei District, Chongqing, and the unified social credit code is 91500000MA5UHRCQ9X. 

3.    Zhejiang E-Commerce Bank Co., Ltd. (“MYbank”) is a limited liability company
validly established and existing under the laws of the PRC. Its registered address is 15-17/F, Block 1, Delixi Mansion, No. 28-38 Xueyuan Road, Xihu District,
Hangzhou, Zhejiang Province, and the unified social credit code is 91330000343973322D. 
 Each of the above party is individually referred to as a
“party” and collectively as the “parties”. For the purpose of this Agreement, the “Chinese laws” refer to all laws, administrative laws and regulations, rules, regulations, policy documents, provisions, decisions and
policy documents of local authorities or local government departments in China, which are valid at the time of concluding this Agreement. 
 Whereas the
parties wish to enter into cooperation on automobile finance business (the “cooperative project”), the parties hereby enter into the following agreement on the cooperative project on the basis of equality and mutual benefit. 

 I. Cooperation Model 

In order to provide all-round and convenient vehicle purchase and vehicle purchase financing services for individual
consumers, and provide appropriate risk management ability for all related parties, the parties hereto agree to, in accordance with this Agreement, cooperate in applying to financial institutions (“financial institutions”) for financing
services for purchasing or renting a vehicle (“automobile financial leasing”) (hereinafter collectively referred to as “financing services for vehicle purchase”) in respect of individual consumers (“customers”),
subsequent repayment, performance of contract and handling of breach of contract. Please refer to Articles II, III and IV of this Agreement for specific contents of the cooperative project: 

1.    Whereas the cooperative institution has one or more business qualifications and resources in terms of automobile trading, automobile
sales agency, automobile financial leasing, automobile residual value disposal and repair, and transaction consulting, the cooperative institution shall be responsible for the following items ticked in (1) of this Agreement: 

(1)    Basic services: customer management, vehicle management and vehicle disposal, etc. Specifically, it includes: 

 

	a.	 Customer management: 

 

	✓	 Collection of customer’s vehicle purchase demand 

 

	✓	 Customer contact and complaint handling 

 

	☐	 Customer training 

  

	☐	 Online signing of customer contract 

 

	✓	 Customer repayment reminder 

Others:                 ; 

 

	b.	 Vehicle management: 

  

	✓	 Delivery of vehicle 

  

	✓	 GPS installation service 

Others:                 ; 

 

	c.	 Vehicle disposal: 

  

	✓	 Dispose the vehicle as entrusted by customers or financial institutions and pay the disposal amount to the bank
on behalf of customers to repay the personal consumer loan; 

 2.    With the guarantee qualification and the
technical ability to assist in handling relevant fund transfer, MYbank shall be responsible for the following in (1) and (2): 

(1)    Provide guarantees; 

(2)    Assist the cooperative institution in handling fund transfer with financial institutions and customers. 

3.    Considering that Chongqing Wantang has the technical ability to engage in credit assessment and the business ability and resources
for advertising promotion, it shall be responsible for the following work in (1) and (2): 
 (1)    Auxiliary
services for customer credit assessment; 
 (2)    Business promotion and customer attraction. 

4.    Without the consent of Chongqing Wantang, financial institutions or MYbank (the guarantor of the loan) in the form of e-mail or other written forms, the cooperative institution shall not carry out any marketing activity in the name of Chongqing Wantang, financial institutions and/or MYbank (including but not limited to introducing
specific product and rate), or exaggerate the cooperative relationship with Chongqing Wantang, financial institutions or MYbank. 

 5.    The business model under this Agreement is only applicable to the following
financial institutions: 
  

			
	 Serial No.
	  	
Financial institutions            
                                         
               

	1	  	Hangzhou Branch of Postal Savings Bank of China

 This Agreement shall not apply to financial institutions introduced by the cooperative institution without the written consent
of MYbank. If it is necessary to add or reduce applicable financial institutions under this Agreement in the future, it may be confirmed by e-mail through the following designated e-mail addresses: 
 Designated e-mail of the cooperative institution: [REDACTED]

 Designated e-mail of Chongqing Wantang: [REDACTED] 

Designated e-mail of MYbank: [REDACTED] 

6.    In order to meet the needs of business development, with the deepening of business cooperation, the cooperation contents of the
parties may change. The parties to the cooperation agree that, under the premise of legality and compliance, the parties shall sign supplementary agreements separately in case of any change to the aforesaid cooperation contents. 

II. Matters for Which the Cooperative Institution Is Responsible 

1.    Basic services: customer management 

(1)    Collection of customer’s vehicle purchase demand information 

The cooperative institution shall, at the request or authorization of customers, collect customer’s vehicle purchase and financing demand and relevant
information (“demand information”) from customers in compliance with the specific requirements (including but not limited to technical documents) proposed by Chongqing Wantang through the platform of the cooperative institution itself or
its related parties and partners, and finally submit the demand information to Chongqing Wantang after the cooperative institution reviews the information through its own risk control. Chongqing Wantang shall comprehensively analyze and process the
information and provide the analysis results to the cooperative institution or financial institutions. The cooperative institution shall ensure that the demand information provided by them (including but not limited to the authenticity of vehicle
purchase/rental behavior, willingness and ability to repay consumer loans) is authentic, accurate, complete and valid. Besides, the cooperative institution shall ensure that sufficient authorization has been obtained from relevant individuals, so
that such information can be provided to Chongqing Wantang, financial institutions and other relevant partners. 
 (2)    Customer
contact and complaint handling 
 The cooperative institution shall maintain good communication and contact with customers, establish customer files and
update the information in real time. The cooperative institution shall be responsible for updating the progress of loan application with customers in a timely manner, giving the final loan approval results of financial institutions to customers, and
maintaining communication with customers at the stage of vehicle rental, as well as keeping abreast of customers’ funds and use of vehicles. 

 The cooperative institution, as the principal responsible party accepting and handling customer complaints,
shall properly handle customer complaints. If the customer complaints involve the reputation of MYbank, Chongqing Wantang and financial institutions, the cooperative institution shall hand over the customer complaints to MYbank within one workday
for coordination and handling. Where the escalated customer complaints or negative public opinion brought by improper handling of the cooperative institution may affect the reputation of MYbank, Chongqing Wantang or financial institutions, the
cooperative institution shall immediately take effective measures to eliminate the adverse impact of reputational events, compensate losses of MYbank, Chongqing Wantang and financial institutions. In order to reduce customer complaints as much as
possible, the cooperative institution shall obtain the consent from MYbank before taking measures that may cause customer complaints, such as car towing, in the cooperative project. 

(3)    Customer training 
 The cooperative
institution shall provide training for customers regularly, including but not limited to introduction to business processes such as vehicle purchase, vehicle use, loan, repayment, vehicle management and default disposal for users, so as to promote
business to users and prompt the business risk; 
 (4)    Online signing of customer contract 

The cooperative institution shall, based on the demand of MYbank, Chongqing Wantang and financial institutions, arrange the agreement on the customer side
under this cooperative project on the platform of its own or its related parties and partners at the initial stage of cooperation, so that it is available for customers to sign online and file and manage contracts online. After the digital
contracting system of MYbank is built and put into operation, the online signing of customer contract shall be completed by MYbank. 

(5)    Customer repayment reminder and other services 

In order to assist financial institutions represented by Chongqing Wantang in managing/controlling post-loan risks, Chongqing Wantang entrusts the cooperative
institution or its related parties to provide asset services. During the term of the loan, the services involved in the cooperative project shall be provided in accordance with the repayment reminder procedures and standards of the cooperative
institution in Appendix 1 to this Agreement, and the specific procedures and standards shall be subject to the confirmation of financial institutions (through MYbank). 

The cooperative institution promises to timely follow up the repayment of personal consumer loans of vehicle buyers during the cooperative project period.
Once the vehicle buyers fail to repay the loans in time, the cooperative institution shall make its best efforts to fully communicate with customers in time about the overdue loans and urge customers to repay the loans in time. The cooperative
institution shall take reasonable and legal measures, such as reminding customers of the repayment via SMS or phone calls, and following up the use and disposal of the vehicles by customers. Besides, it shall take appropriate measures to varying
degrees according to the specific credit standing and contract performance of vehicle buyers. In any case, the cooperative institution shall not take collection measures that may have an improper impact on the cooperative project, reputation of the
parties and legitimate rights and interests of vehicle purchase customers. At the request of financial institutions, Chongqing Wantang and/or MYbank, the parties may separately adjust the repayment reminder process and standards through negotiation
from time to time to ensure that they are consistent with the principles of the cooperative project. 

 The cooperative institution shall always ensure that they have the qualifications, certificates and licenses
required for the services, and establish clear business process, personnel management and training systems and complaint handling mechanisms. If Chongqing Wantang, financial institutions or MYbank (or its agent) requests access to documents or on-site inspection on such matters, contacts its management personnel or employees to learn about the situation, and makes suggestions on the development, implementation and maintenance of such processes/systems,
the cooperative institution shall make every effort to cooperate, and implement the repayment reminder process and standards as required by the aforesaid three parties. 

(6)    Debt collection 
 Upon the entrustment
of financial institutions, Chongqing Wantang entrusts the cooperative institution to be responsible for debt collection under the cooperative project in the name of financial institutions in accordance with the administrative measures for post-loan
repayment reminder of consumer loans agreed by the parties. The cooperative institution shall have the right to entrust its related parties to be responsible for specific collection work. Where financial institutions cancel the entrustment of
Chongqing Wantang, Chongqing Wantang shall timely notify the cooperative institution. 
 2.    Basic services: vehicle management

 (1)    Apply for vehicle license, transfer ownership and purchase insurance 

The cooperative institution shall assist customers in applying for vehicle license, transferring ownership and purchasing insurance. 

(2)    GPS installation service 
 The
cooperative institution shall install the on-board GPS in the vehicle, and obtain the information of the vehicle through GPS. 

3.    Basic services: vehicle disposal 

Where customers fail to fulfill their repayment obligations and responsibilities in respect of personal consumer loans in part or in whole (“customer
overdue payment”), the cooperative institution may, according to customers’ entrustment, dispose and sell the vehicles (or entrust other third parties), and the cooperative institution shall directly transfer the disposal amount to
financial institutions on behalf of the customers. 

 The cooperative institution shall guarantee that the money from the disposal of the vehicles shall be used
by customers to repay all outstanding payment of customers’ personal consumer loans to financial institutions. The cooperative institution shall ensure that the vehicle disposal price is the price agreed upon by the cooperative institution and
customers with reference to the reasonable price in the market. After receiving the vehicle disposal amount, the cooperative institution shall deposit the disposal amount equivalent to the total unpaid amount of customers’ personal consumer
loans into the account opened at MYbank, and entrust MYbank to pay relevant disposal amount to financial institutions. Where customers entrust another third party to dispose the vehicles, the cooperative institution shall timely follow up
customers’ repayment of all outstanding personal consumer loans to financial institutions, and timely inform MYbank of the repayment. 
 III.
Matters for Which MYbank Is Responsible 
 1.    Providing guarantees 

At the request of financial institutions and taking into account the service commitment of the cooperative institution under this Agreement, MYbank shall,
according to the agreements reached with financial institutions and vehicle purchase customers respectively, provide joint and several liability guarantee (“MYbank’s guarantee”) for personal consumer loans of vehicle purchase
customers to financial institutions, and the specific guarantee amount and guarantee period shall be subject to the agreement reached between MYbank and financial institutions. MYbank shall have the right to recover the loans from customers after
assuming the guarantee liability. 
 If customers have any form of payment obligations to both the cooperative institution and MYbank, MYbank shall have
priority over the cooperative institution in receiving payment from customers. 
 2.    Assist the cooperative institution in
handling fund transfer with financial institutions and customers 
 The cooperative institution shall entrust MYbank to carry out the fund transfer
arrangements required under the business, including assisting the cooperative institution to transfer the corresponding disposal amount to financial institutions after the cooperative institution assists the disposal of vehicles to obtain the
disposal amount. 
 MYbank shall entrust Alipay and its related parties according to the instructions of the cooperative institution, or conduct the
above-mentioned operation through the account opened by the cooperative institution at MYbank. The cooperative institution shall ensure the legality and compliance of such instructions, and shall be solely liable for all losses suffered by other
parties and/or third parties due to incorrect instructions. Both parties may enter into a separate agreement in respect of this matter to further clarify the rights and obligations of both parties. 

IV. Matters for Which Chongqing Wantang Is Responsible 

1.    Auxiliary services for customer credit assessment 

Chongqing Wantang shall collect the customer information from the cooperative institution, gather the information within the scope authorized by customers
through its own technical capacity, conduct comprehensive analysis and processing of the information according to the requirements of financial institutions, and render the analysis results for financial institutions to decide whether to refer to
the information provided by Chongqing Wantang to approve customers’ loan application. 

 2.    Business promotion and customer attraction 

Chongqing Wantang shall utilize its own advertising and technical capabilities to promote online and offline business and attract quality customers to
participate in the cooperative project, so as to further expand the scale of the cooperative project. 
 V. Matters for Which the Parties Are Responsible

 1.    Data privacy protection 

With respect to the data involved under this Agreement, the parties shall comply with the privacy policy (https://docs.alipay.com/policies/privacy/mybank) of
MYbank, and any other data privacy requirements of Chinese laws or regulatory authorities. The cooperative institution confirms that the information obtained and/or shared with other parties for the purpose of the cooperative project shall comply
with the requirements of this Agreement, Chinese laws and regulatory authorities (including but not limited to obtaining the consent of relevant information subjects). 

2.    Cooperation risk control 
 In
case of any of the following circumstances that increase the risk of the cooperative project, MYbank shall have the right to immediately suspend the provision of guarantee, and inform the cooperative institution and financial institutions at the
same time. Financial institutions shall suspend the granting of personal consumer loans for this cooperative project as appropriate, and the parties shall discuss the risk control measures through negotiation, so as to reduce the NPL ratio of
personal consumer loans. At the same time, MYbank may terminate this Agreement by giving a prior written notice to other parties at any time. However, for the personal consumer loans that have occurred before the aforesaid suspension and/or early
termination, the parties shall continue to perform their rights and obligations in accordance with this Agreement: 
 (1)    Where the
cooperative institution fails to duly perform any of its obligations under this Agreement and refuses to correct (including but not limited to the obligations set out in (1) of Article I of this Agreement); 

(2)    Where the accumulated amount of vehicle disposal conducted by the cooperative institution in accordance with this Agreement is more
than or equal to [REDACTED]% of the accumulated loan amount of financial institutions; 
 (3)    Where the disposal of vehicles by the
cooperative institution as described in this Agreement is deemed to be unlawful, or there may be significant reputational risk or loss to this cooperative project or the parties due to customer complaints about vehicle purchase caused by price for
disposal and/or purchase of vehicles for financial leasing; 
 (4)    There are other major adverse changes in the credit standing or
contract performance capacity of the cooperative institution. 
 VI. Expense Arrangement 

The expense arrangement under this Agreement shall apply to the following third item. 

 1.    Service fee charged by Chongqing Wantang 

Under this cooperative project, Chongqing Wantang may charge the cooperative institution service fees for providing the relevant services described in Article
IV of this Agreement. The service fee rate charged by Chongqing Wantang is: / 
 Before system connection of the parties is completed, Chongqing Wantang
shall send the detailed and summarized data of the previous month to the cooperative institution on the tenth (10th) workday of each month. After the reconciliation of both parties, the cooperative institution shall complete the payment to Chongqing
Wantang within fifteen (15) workdays after receiving the VAT special invoice for service fee issued by Chongqing Wantang. Considering the manual reconciliation workload and settlement frequency, the parties shall complete their automatic system
connection as soon as possible to shorten the settlement period. 
 2.    Fund transfer service fee charged by MYbank 

Under the cooperative project, MYbank may charge the cooperative institution fund transfer service fee for providing the relevant services mentioned in
Articles II and III of this Agreement. The service fee rate charged by Chongqing Wantang is: / 
 Before system connection of the parties is completed,
MYbank shall send detailed and summarized data of the previous month to the cooperative institution before the tenth (10th) workday of each month. After the reconciliation of both parties, the cooperative institution shall complete the payment to
MYbank within fifteen (15) workdays after receiving the VAT special invoice for service fee issued by MYbank. Considering the manual reconciliation workload and settlement frequency, the parties shall complete their automatic system connection
as soon as possible to shorten the settlement period. 
 3.    Service fee charged by the cooperative institution 

Under this cooperative project, the cooperative institution may charge Chongqing Wantang service fee for providing the relevant services described in Article
II of this Agreement. The service fee rate charged by the cooperative institution is: 
 Annualized fee rate = annual interest rate of personal consumer
loan of the vehicle purchase customer - [REDACTED]%, daily fee rate = annual fee rate/360, service fee = S {balance of daily personal consumer loan of the customer × daily fee rate}. 

Before system connection of the parties is completed, Chongqing Wantang shall send detailed and summarized data of the previous month to the cooperative
institution before the tenth (10th) workday of each month. After the reconciliation of both parties, Chongqing Wantang shall complete the payment to the cooperative institution within fifteen (15) workdays after receiving the VAT special
invoice for service fee issued by the cooperative institution. Considering the manual reconciliation workload and settlement frequency, the parties shall complete their automatic system connection as soon as possible to shorten the settlement
period. 
 VII. Representations, Guarantees and Commitments of the Parties 

1.    The parties are independent civil entities established and existing according to law, and have full capacity for civil conduct and
all necessary authorizations and rights. The parties can sign this Agreement in their own name, perform their obligations under this Agreement and assume responsibilities (in terms of the cooperative institution, it shall have the ability to provide
vehicle trading, disposal, collection, introduction of financial leasing services to financing customers and acceptance of vehicle mortgage by vehicle purchase customers). 

 2.    All documents, materials and information provided by the parties to the other
parties during the execution and performance of this Agreement shall be true, accurate, complete and valid. All documents concluded by the parties through the system operated by the cooperative institution when conducting the cooperative business
shall be true, complete, accurate and valid. Where the aforesaid documents, materials and information are deemed to be untrue or invalid, thereby causing losses to other parties to this Agreement or financial institutions, liability for compensation
shall be borne. 
 3.    The parties shall (1) comply with Chinese laws, bear expenses and be solely responsible for carrying out
the businesses referred to in this Agreement as independent entities (including but not limited to lawful and proper operation of electronic platforms, software clients and/or applications, ensure that the relevant agreements and enforcement do not
violate Chinese laws, and properly handle any dispute between the cooperative institution, its employees, related parties or third party agents and vehicle purchase customers); (2) Ensure that its qualifications, licenses, approvals/licenses,
filings/registrations required for the performance of this Agreement remain valid and up-to-date; (3) Take effective measures to monitor and analyze public
opinions, strengthen public opinion management and properly handle public opinion incidents; and (4) Ensure that it will not have an adverse impact on the cooperative project or other parties, and assume the liability for compensation for the
losses caused by its infringement of the legitimate rights of any third party; (5) May charge service fee from customers for the provision of one or more of the services set out in Article II hereof. However, the total amount of such service
fee and the interest, guarantee fee, service fee or handling charge (if any) charged by financial institutions and MYbank from customers shall not violate national laws and regulations and shall not exceed 24% of the amount of personal consumer
loans under any circumstance. 
 4.    Unless otherwise provided in this Agreement or agreed by the parties, (1) the signing and
performance of this Agreement shall not at any time be deemed to create any joint venture, partnership, joint operation or employment, agency or other legal relationship in which one party may act for or on behalf of the other party. The parties
shall bear all responsibilities in relation to the products and/or services provided by them in accordance with applicable laws and regulations;(2) No party shall declare that it is the agent of the other party without the explicit written consent
of the other party in advance, acting for or on behalf of the other party, make any representation, guarantee or commitment for or on behalf of the other party, or cause the other party to be bound by any contract or otherwise to assume any
obligation or liability. 
 5.    Where the cooperative institution needs to change the legal documents or product process signed by it
and customers, it shall consult with MYbank and reach an agreement in advance. 

 VIII. Other Provisions on the Cooperative Project 

1.    Unless otherwise provided in this Agreement or agreed by the parties, the parties shall keep confidential the business, commerce,
finance, technology, product information and trade secrets, the contents of a license or other non-public document or information (whether or not marked as confidential) (“confidential information”)
of the other parties. The confidential information shall not be disclosed to any third party other than this Agreement without the prior written consent of the party from which the information is derived, and may be copied and used solely for the
purpose of performing this Agreement, provided that the foregoing restrictions shall not apply:(1) Confidential information required by law, any regulatory authority (e.g. tax authority), judicial and/or the listing rules of the relevant exchange or
required to be disclosed or used by judicial proceedings arising out of or in connection with this Agreement (provided that the disclosing party shall discuss the scope and manner of disclosure with the other parties within a reasonable time prior
to such disclosure, and the party to whom the information is given shall keep confidential as far as possible); (2) Disclosure of confidential information to any professional adviser to whom it is necessary to have access in order to perform this
Agreement (provided that such professional adviser shall comply with the confidentiality provisions of this Article); (3) The confidential information has been made public for reasons other than those of the parties concerned; (4) Disclose to
Chongqing Wantang, MYbank, financial institutions, cooperative institution and related parties of the aforesaid parties that need to know the confidential information for the purpose of performing this Agreement; and (5) Other parties of the
confidential information have approved the disclosure or use of such confidential information in writing in advance. 
 2.    Unless
otherwise provided in this Agreement or agreed by the parties, the terms and rules of this Agreement, the existence of this Agreement and the cooperative project, and any documents relating to this Agreement and the cooperative project shall be
regarded as confidential information. Where the cooperative institution intends to disclose the foregoing information through public channels (including but not limited to electronic platforms, applications, news media, marketing materials or other
means operated by it), it shall consult with other parties in advance to confirm the disclosure plan. 
 3.    Unless otherwise provided
in this Agreement or agreed by the parties, all information and data provided by any party to the other parties in this business shall be owned by the disclosing party and its related parties, where it involves the proprietary data and information
of the disclosing party and its related parties (including but not limited to customer information, technical information, business information, proprietary technology, business model, business plan, financial budget and model, computer program,
source code, algorithm, etc.). This Agreement does not transfer any ownership of any proprietary data and information, and no party shall provide any proprietary data and information provided by the other parties to any third party. Otherwise, such
party shall be liable for the losses caused to other parties. 
 IX. Liability for Breach of Contract 

1. During the term of this Agreement, if any party violates Chinese laws or any content hereof, it shall constitute a breach of contract. 

2.    In case of default by any party, any other party to this Agreement shall have the right to terminate this Agreement in accordance
with Article XI of this Agreement, and hold the breaching party liable for breach of contract and compensation for damages. 

 X. Force Majeure 

1.    In case of an unforeseeable event of force majeure (“force majeure event”), such as earthquake, typhoon, flood, fire,
military action, strike, riot, war or other event beyond the reasonable control of a party to this Agreement, which prevent such party from performing this Agreement, such party shall immediately notify the other parties without delay and provide
the details and supporting documents of such event within fifteen (15) days after the notice is given, explaining the cause of the inability to perform all or part of its obligations under this Agreement or delayed performance. The parties
shall negotiate to find and implement a solution acceptable to the parties to this Agreement. 
 2.    To avoid doubt, the
above-mentioned force majeure also includes the following circumstances that make the cooperative institution, MYbank or Chongqing Wantang unable to perform any service related to the cooperative project. In this case, the cooperative institution,
MYbank or Chongqing Wantang shall not bear any liability for breach of contract: 
 (1)    During the maintenance or upgrade of
MYbank’s system and Alipay platform system; 
 (2)    Failure to carry out business due to virus, Trojan, malicious program attack,
network congestion, system instability, system or equipment failure, communication failure, power failure, telecommunication equipment failure or other banking reasons, third-party service defect or government behavior; 

(3)    Failure to carry out business due to systematic obstacles caused by force majeure factors, such as typhoon, earthquake, tsunami,
flood, power failure, war and terrorist attack; 
 (4)    Service interruption or delay caused by hacker attack, technical adjustment or
failure of telecommunication department and other relevant departments or enterprises and public institutions relying on information technology, or website upgrade; 

(5)    The service provided by MYbank is restricted due to the laws, regulations, rules, provisions, guidelines, notices, policies and
other normative documents promulgated or changed by relevant competent authorities of the state; 
 (6)    Restrictive measures to the
account and other circumstances beyond the control of MYbank (such as insufficient account balance, limited payment limit, restricted right and constrained transfer-out limit of Yu’e Bao or Yulibao),
restricted withholding function by other banks). 
 3.    In the event of force majeure, the party affected by force majeure shall not
be liable for any damage, increase in costs or losses suffered by any other party as a result of the failure or delay in performing its obligations under this Agreement due to force majeure, and such failure or delay in performing this Agreement
shall not be deemed a breach of this Agreement. The party affected by force majeure event shall take appropriate measures to reduce or eliminate the influence of the force majeure event, and attempt to resume the performance of the obligations
delayed or hindered by the event within the shortest possible time. If the force majeure event or the influence of a force majeure event prevents a party or parties from performing all or part of its obligations under this Agreement for a period of
more than one (1) month, the party not affected by the force majeure shall have the right to request to terminate this Agreement and exempt some obligations specified herein or delay the performance of this Agreement. 

 XI. Effectiveness, Alteration, Transfer, Term and Termination of this Agreement 

1.    Any change to this Agreement shall be made in writing and agreed by the parties through negotiation. 

2.    The cooperative institution shall not transfer any of its rights and/or obligations under this Agreement (in whole or in part) to
any third party without the prior written consent of the other parties. 
 3.    This Agreement shall take effect on the date when it is
affixed with official seals of the parties, and shall be valid for one year. Unless any party raises a written objection one month prior to the expiration of this Agreement, the term of this Agreement shall be automatically extended for one year
after the expiration, and the extension shall be limited to once only. The parties to this Agreement shall continue to comply with the provisions of this Agreement in respect of personal consumer loans granted prior to the expiration of this
Agreement. 
 4.    This Agreement may be terminated without any liability to be undertaken by the terminating party in the following
circumstances: (1) MYbank and Chongqing Wantang notify the cooperative institution in writing 30 days in advance to terminate this Agreement immediately due to major business adjustment; (2) MYbank and Chongqing Wantang, at the request of
regulatory authorities, give the cooperative institution a written notice of immediate termination of this Agreement less than 30 days in advance; (3) Where any party violates this Agreement (including the statements and guarantees made by it
under this Agreement are untrue, inaccurate, incomplete, invalid or misleading), and fails to remedy within fifteen (15) days after receipt of written notice specifying the breach, the other party may immediately terminate this Agreement;(4)
Where the cooperative institution violates any of the obligations under Article I and Article II and refuses to correct, MYbank may immediately terminate this Agreement without any liability for breach of contract; (5) Where one party is
dissolved, bankrupt, taken over or enters into any debt repayment arrangement with its creditors, the other party may terminate this Agreement immediately; (6) Where one party closes or plans to close, or disposes of or intends to dispose of
all or part of the assets that may directly affect the performance of its obligations under this Agreement, the other party may terminate this Agreement immediately; (7) Any party may terminate this Agreement immediately if the cooperative
project becomes illegal in whole or in part or cannot be legally performed in accordance with any Chinese law; (8) This Agreement may be terminated as otherwise provided herein, or the parties may terminate this Agreement in writing through
negotiation. 
 5.    Except as otherwise provided in this Agreement or as otherwise agreed by the parties, the termination and
expiration of this Agreement shall not affect the rights or liabilities of the parties upon or prior to the termination or expiration of this Agreement. 

 XII. Governing Laws and Dispute Resolution 

1.    The conclusion, effectiveness, performance, alteration, interpretation and termination of this Agreement shall be governed by Chinese
laws. 
 2.    In case of any dispute arising from the contents of this Agreement or its implementation, both parties shall try their
best to solve it through friendly negotiation; if the negotiation fails, any party may file a lawsuit to Xihu District Court of Hangzhou, China. 
 XIII.
Supplementary Provisions 
 1.    The titles of this Agreement are set up for the convenience of reference only and shall not affect
the interpretation hereof. 
 2.    This Agreement shall be made in six copies, with each party holding two copies, each of which has
the same legal effect. 
 [No text below] 

 [Signature page for Automobile Finance Project Cooperation Agreement] 

Shanghai Cango Investment and Management Consultation Service Co., Ltd. 

Seal: [Shanghai Cango Investment and Management Consultation Service Co., Ltd.] (seal) 

March 24, 2020 
 Chongqing Wantang Information
Technology Co., Ltd. 
 Seal: [Chongqing Wantang Information Technology Co., Ltd. 5001141079687] (seal) 

March 24, 2020 
 Zhejiang E-Commerce Bank Co., Ltd. 
 Seal: [Zhejiang E-Commerce Bank Co., Ltd.
3301060106867] (seal) 
 March 24, 2020

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