GUANGZHOU, China, April 28, 2021 /PRNewswire/ -- CNFinance Holdings
Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home
equity loan service provider in China, today announced that it filed its
annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and
Exchange Commission ("SEC") on April 28,
2021.
The annual report can be accessed on the Company's investor
relations website at http://ir.cashchina.cn as well as the
SEC's website at http://www.sec.gov.
The Company will provide a hard copy of its annual report, free
of charge, to its shareholders and ADS holders upon request.
Requests should be directed to the Company's IR Department at
ir@cashchina.cn.
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the
"Company) is a leading home equity loan service provider in
China. CNFinance conducts business
by collaborating with sales partners and trust company partners.
Sales partners are responsible for recommending micro-and
small-enterprise ("MSE") owners with financing needs to the Company
and the Company introduces eligible borrowers to its trust company
partners who will then conduct their own risk assessments and make
credit decisions. 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