GUANGZHOU, China, April 29, 2020 /PRNewswire/ -- CNFinance Holdings
Limited (NYSE: CNF) ("CNFinance" or the "Company"), a
leading home equity loan service provider in China, today announced that it will hold its
annual general meeting of shareholders (the "AGM") at 44/F,
Tower G, No. 16 Zhujiang Dong Road, Tianhe District, Guangzhou City, Guangdong Province 510620, People's Republic of China on May 29, 2020 at 9:00
a.m. – 11:00 a.m. (Beijing
Time). No proposal will be submitted for shareholder approval at
the AGM. Instead, the annual general meeting will
serve as an open forum for shareholders and beneficial owners of
the Company's American Depositary Shares ("ADSs") to discuss
Company affairs with management.
The board of directors of the Company has fixed the close of
business on April 29, 2020 as the record date (the "Record
Date") for determining the shareholders entitled to receive
notice of the AGM or any adjournment or postponement thereof.
Holders of record of the Company's ordinary shares at the close
of business on the Record Date are entitled to attend the AGM and
any adjournment or postponement thereof in person. Beneficial
owners of the Company's ADSs are also welcome to attend the AGM in
person.
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or
the "Company) is a leading home equity loan service provider
in China. CNFinance facilitates
loans by connecting micro- and small-enterprise ("MSE")
owners with its funding partners. The Company's primary target
borrower segment is MSE owners who own real properties in Tier 1
and Tier 2 cities in China. The
loans CNFinance facilitates are primarily funded through a trust
lending model with its trust company partners who are
well-established with sufficient funding sources and have licenses
to engage in lending business nationwide. The Company's risk
mitigation mechanism is embedded in the design of its loan
products, supported by an integrated online and offline process
focusing on risks of both borrowers and collateral and further
enhanced by effective post-loan management procedures.
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SOURCE CNFinance Holdings Limited
