GUANGZHOU, China, May 13, 2021 /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 June 7, 2021 at 9:30
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 May 7, 2021 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 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