GUANGZHOU, China, May 16, 2022
/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, 2022 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 9, 2022 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 facilitated 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