SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Boyu Capital Fund III, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Boyu Capital Fund III, L.P. owns 100% of the shares of Galactic Gain Limited, which directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (the "SEC") on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Galactic Gain Limited

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Boyu Capital General Partner III, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Boyu Capital General Partner III, L.P. is the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Boyu Capital General Partner III, Ltd.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Boyu Capital General Partner III, Ltd. is the general partner of Boyu Capital General Partner III, L.P., the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Boyu Capital Group Holdings Ltd.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Boyu Capital Group Holdings Ltd. holds 100% of the shares of Boyu Capital General Partner III, Ltd., which is the general partner of Boyu Capital General Partner III, L.P. The latter is the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Boyu Group, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Boyu Group, LLC holds 100% of the shares of Boyu Capital Group Holdings Ltd., which holds 100% of the shares of Boyu Capital General Partner III, Ltd., the general partner of Boyu Capital General Partner III, L.P. Boyu Capital General Partner III, L.P. is the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

XYXY Holdings Ltd.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: XYXY Holdings Ltd. is the controlling shareholder of Boyu Group, LLC, which holds 100% of the shares of Boyu Capital Group Holdings Ltd. Boyu Capital Group Holdings Ltd. holds 100% of the shares of Boyu Capital General Partner III, Ltd., which is the general partner of Boyu Capital General Partner III, L.P. Boyu Capital General Partner III, L.P. is the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

CUSIP No.

137586103

Names of Reporting Persons

Xiaomeng Tong

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,635,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,635,636.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

23,635,636.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.9 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Xiaomeng Tong holds 100% of the shares of XYXY Holdings Ltd., which is the controlling shareholder of Boyu Group, LLC, which holds 100% of the shares of Boyu Capital Group Holdings Ltd. Boyu Capital Group Holdings Ltd. holds 100% of the shares of Boyu Capital General Partner III, Ltd., which is the general partner of Boyu Capital General Partner III, L.P. Boyu Capital General Partner III, L.P. is the general partner of Boyu Capital Fund III, L.P., which owns 100% of the shares of Galactic Gain Limited. Galactic Gain Limited directly holds 23,635,636 Class A ordinary shares of the Issuer represented by ADSs. Percentage in Row 11 is calculated based on a total of 217,835,808 outstanding ordinary shares of the Issuer, as reported in the Issuer's annual report on form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Cango Inc.

(b)

Address of issuer's principal executive offices:

8F, New Bund Oriental Plaza II, 556 West Haiyang Road, Pudong New Area, Shanghai, China, 200124

Item 2.

(a)

Name of person filing:

Galactic Gain Limited Boyu Capital Fund III, L.P. Boyu Capital General Partner III, L.P. Boyu Capital General Partner III, Ltd. Boyu Capital Group Holdings Ltd. Boyu Group, LLC XYXY Holdings Ltd. Xiaomeng Tong The above persons have agreed to jointly file this statement pursuant to Rule 13d-1(k). A copy of such agreement is attached as an exhibit to this statement. Any disclosure herein with respect to persons other than the Reporting Persons is made on information and belief after making inquiry to the appropriate parties. Galactic Gain Limited is an exempted company incorporated under the laws of the Cayman Islands. Boyu Capital Fund III, L.P., a limited partnership organized under the laws of the Cayman Islands, holds 100% of the outstanding shares of Galactic Gain Limited. Boyu Capital General Partner III, L.P., a limited partnership organized under the laws of the Cayman Islands, is the general partner of Boyu Capital Fund III, L.P. Boyu Capital General Partner III, Ltd., an exempted company incorporated under the laws of the Cayman Islands, is the general partner of Boyu Capital General Partner III, L.P. Boyu Capital Group Holdings Ltd., an exempted company incorporated under the laws of the Cayman Islands, holds 100% of the outstanding shares of Boyu Capital General Partner III, Ltd.Boyu Group, LLC, a limited liability company incorporated under the laws of the Cayman Islands, holds 100% of the outstanding shares of Boyu Capital Group Holdings Ltd. XYXY Holdings Ltd., a company incorporated under the laws of the British Virgin Islands, is the controlling shareholder of Boyu Group, LLC. Xiaomeng Tong holds 100% of the outstanding shares in XYXY Holdings Ltd.

(b)

Address or principal business office or, if none, residence:

c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

(c)

Citizenship:

The information required by Item 2(c) is set forth in Row 4 of the cover page for each Reporting Person which is incorporated herein by reference.

(d)

Title of class of securities:

Class A Ordinary Shares, par value US$0.0001 per share

(e)

CUSIP No.:

137586103

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

See responses on the cover page hereto.

(b)

Percent of class:

See responses on the cover page hereto. %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See responses on the cover page hereto.

(ii) Shared power to vote or to direct the vote:

See responses on the cover page hereto.

(iii) Sole power to dispose or to direct the disposition of:

See responses on the cover page hereto.

(iv) Shared power to dispose or to direct the disposition of:

See responses on the cover page hereto.

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boyu Capital Fund III, L.P.

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Authorized signatory of general partner
Date:	02/11/2025

Galactic Gain Limited

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Director
Date:	02/11/2025

Boyu Capital General Partner III, L.P.

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Authorized signatory of general partner
Date:	02/11/2025

Boyu Capital General Partner III, Ltd.

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Director
Date:	02/11/2025

Boyu Capital Group Holdings Ltd.

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Director
Date:	02/11/2025

Boyu Group, LLC

Signature:	/s/ Xiaomeng Tong
Name/Title:	Xiaomeng Tong/Manager
Date:	02/11/2025

XYXY Holdings Ltd.

Signature:	/s/ Masciline Chinongoza
Name/Title:	Masciline Chinongoza/Director
Date:	02/11/2025

Xiaomeng Tong

Signature:	/s/ Xiaomeng Tong
Name/Title:	Xiaomeng Tong
Date:	02/11/2025

Exhibit Information

Exhibit A - Joint Filing Agreement

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Ordinary Shares of Cango Inc., and further agree that this agreement be included as an exhibit to such joint filing.

Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 11, 2025.

	Boyu Capital Fund III, L.P.
	By:	Boyu Capital General Partner III, L.P.
	By:	Boyu Capital General Partner III, Ltd.

	By:	/s/ Masciline Chinongoza
	Name:	Masciline Chinongoza
	Title:	Director

	Boyu Capital General Partner III, L.P.
	By:	Boyu Capital General Partner III, Ltd.

	By:	/s/ Masciline Chinongoza
	Name:	Masciline Chinongoza
	Title:	Director

	Galactic Gain Limited

	By:	/s/ Masciline Chinongoza
	Name:	Masciline Chinongoza
	Title:	Director

	Boyu Capital Group Holdings Ltd.

	By:	/s/ Masciline Chinongoza
	Name:	Masciline Chinongoza
	Title:	Director

	XYXY Holdings Ltd.

	By:	/s/ Masciline Chinongoza
	Name:	Masciline Chinongoza
	Title:	Director

	Boyu Group, LLC

	By:	/s/ Xiaomeng Tong
	Name:	Xiaomeng Tong
	Title:	Manager