GUANGZHOU, China, May 24, 2024
/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, 2024 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 8, 2024 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, through its
operating subsidiaries in China,
conducts business by connecting demands and supplies through
collaborating with sales partners and trust companies under the
trust lending model, and local channel partners and commercial
banks under the commercial bank partnership model. Sales partners
and local channel partners are responsible for recommending micro-
and small-enterprise ("MSE") owners with financing needs to the
Company and the Company introduces eligible borrowers to licensed
financial institutions with sufficient funding sources including
trust companies and commercial banks 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 and other major cities in
China. 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.
For more information, please contact:
CNFinance
E-mail: ir@cashchina.cn
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SOURCE CNFinance Holdings Limited
