STOCK TITAN

CNFinance Announces Change of Name and the Results of its Extraordinary General Meeting

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, announced the results of its extraordinary general meeting held on November 29, 2024. Shareholders approved two key resolutions: (1) changing the company's Chinese name from '泛華金融控股有限公司' to '深泛联控股有限公司' while maintaining 'CNFinance Holdings ' in English, and (2) replacing the existing Amended and Restated Memorandum and Articles of Association with a Second Amended version. The name change takes effect around November 29, 2024, with no changes to ISIN and CUSIP codes. Shareholders need not take any action regarding these changes.

CNFinance Holdings (NYSE: CNF), un importante fornitore di servizi di prestiti ipotecari in Cina, ha annunciato i risultati della sua assemblea generale straordinaria tenutasi il 29 novembre 2024. Gli azionisti hanno approvato due risoluzioni chiave: (1) il cambiamento del nome cinese dell'azienda da '泛華金融控股有限公司' a '深泛联控股有限公司', mantenendo 'CNFinance Holdings' in inglese, e (2) la sostituzione dell'attuale Memorandum e Articoli di Associazione modificati e ripristinati con una seconda versione emendata. Il cambiamento di nome entrerà in vigore intorno al 29 novembre 2024, senza variazioni nei codici ISIN e CUSIP. Gli azionisti non sono tenuti a compiere alcuna azione riguardo a queste modifiche.

CNFinance Holdings (NYSE: CNF), un proveedor líder de servicios de préstamos sobre el capital de viviendas en China, anunció los resultados de su asamblea general extraordinaria celebrada el 29 de noviembre de 2024. Los accionistas aprobaron dos resoluciones clave: (1) cambiar el nombre chino de la compañía de '泛華金融控股有限公司' a '深泛联控股有限公司', manteniendo 'CNFinance Holdings' en inglés, y (2) reemplazar el actual Memorando y Artículos de Asociación enmendados y restablecidos con una segunda versión enmendada. El cambio de nombre entrará en vigor alrededor del 29 de noviembre de 2024, sin cambios en los códigos ISIN y CUSIP. Los accionistas no necesitan tomar ninguna acción respecto a estos cambios.

CNFinance Holdings (NYSE: CNF)는 중국의 주택 자산 대출 서비스 제공업체로서 2024년 11월 29일에 개최된 Extraordinary General Meeting의 결과를 발표했습니다. 주주들은 두 가지 주요 결의를 승인했습니다: (1) 회사의 중국 이름을 '泛華金融控股有限公司'에서 '深泛联控股有限公司'로 변경하되, 영어로는 'CNFinance Holdings'를 유지하는 것, 그리고 (2) 기존의 수정되고 재진술된 정관과 규약을 제2회 수정판으로 교체하는 것입니다. 이름 변경은 2024년 11월 29일경 효력이 발생하며, ISIN 및 CUSIP 코드에는 변화가 없습니다. 주주들은 이러한 변경과 관련하여 어떠한 조치를 취할 필요가 없습니다.

CNFinance Holdings (NYSE: CNF), un fournisseur de services de prêts sur valeur domiciliaire leader en Chine, a annoncé les résultats de son assemblée générale extraordinaire qui s'est tenue le 29 novembre 2024. Les actionnaires ont approuvé deux résolutions clés : (1) le changement du nom chinois de la société de '泛華金融控股有限公司' à '深泛联控股有限公司', tout en conservant 'CNFinance Holdings' en anglais, et (2) le remplacement du mémorandum et des articles de statut existants par une seconde version modifiée. Le changement de nom prendra effet autour du 29 novembre 2024, sans changement des codes ISIN et CUSIP. Les actionnaires n'ont pas besoin de prendre de mesures concernant ces changements.

CNFinance Holdings (NYSE: CNF), ein führender Anbieter von Eigenheimkrediten in China, gab die Ergebnisse seiner außerordentlichen Hauptversammlung bekannt, die am 29. November 2024 stattfand. Die Aktionäre genehmigten zwei wichtige Beschlüsse: (1) die Änderung des chinesischen Namens des Unternehmens von '泛華金融控股有限公司' in '深泛联控股有限公司', während 'CNFinance Holdings' auf Englisch beibehalten wird, und (2) die Ersetzung der bestehenden geänderten und neu gefassten Satzung und Gesellschaftsvertrag durch eine zweite geänderte Version. Die Namensänderung tritt um den 29. November 2024 in Kraft, ohne dass sich ISIN- und CUSIP-Codes ändern. Die Aktionäre müssen in Bezug auf diese Änderungen keine Maßnahmen ergreifen.

Positive
  • None.
Negative
  • None.

GUANGZHOU, China, Nov. 29, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced the results of its extraordinary general meeting of shareholders held at 44/F, Tower G, NO. 16 Zhujiang Dong Road, Tianhe District, Guangzhou City, Guangdong Province, People's Republic of China, at 10:00 AM (Hong Kong time) on November 29, 2024.

At the extraordinary general meeting, each of the following resolutions submitted for shareholder approval was adopted, and after the adoption of the proposed resolutions, all corporate authorizations and actions contemplated thereunder were approved:

(i) As a Special Resolution that the name of the Company be changed from "CNFinance Holdings Limited 泛華金融控股有限公司" to "CNFinance Holdings Limited 深泛联控股有限公司" (the "Change of Name") and as an Ordinary Resolution, each of the directors and officers of the Company be authorized to make filings, take any and all action that might be necessary, appropriate or desirable to effect the foregoing resolution as such director or officer, in his or her absolute discretion, thinks fit;

(ii) As a Special Resolution, in connection with the Change of Name, that the existing Amended and Restated Memorandum and Articles of Association of the Company be and are hereby replaced in their entirety with the Second Amended and Restated Memorandum and Articles of Association, a copy of which is annexed to the notice of extraordinary general meeting.

The Change of Name will take effect on or around November 29, 2024. The Company's ISIN and CUSIP codes will remain unchanged. Shareholders are not required to take any specific action regarding the above changes.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "confident" and similar statements. The Company may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: its goals and strategies, its ability to achieve and maintain profitability, its ability to retain existing borrowers and attract new borrowers, its ability to maintain and enhance the relationship and business collaboration with its trust company partners and to secure sufficient funding from them, the effectiveness of its risk assessment process and risk management system, its ability to maintain low delinquency ratios for loans it originated, fluctuations in general economic and business conditions in China, and relevant government laws, regulations, rules, policies or guidelines relating to the Company's corporate structure, business and industry. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.

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 sales partners, 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.

Cision View original content:https://www.prnewswire.com/news-releases/cnfinance-announces-change-of-name-and-the-results-of-its-extraordinary-general-meeting-302318642.html

SOURCE CNFinance Holdings Limited

FAQ

When will CNFinance Holdings (NYSE: CNF) name change take effect?

CNFinance's name change is scheduled to take effect on or around November 29, 2024.

Will CNFinance (NYSE: CNF) shareholders need to take action due to the company name change?

No, shareholders are not required to take any specific action regarding the name change. The company's ISIN and CUSIP codes will remain unchanged.

What changes were approved at CNFinance's (NYSE: CNF) extraordinary general meeting?

The meeting approved changing the company's Chinese name and replacing the existing Amended and Restated Memorandum and Articles of Association with a Second Amended version.

CNFinance Holdings Limited American Depositary Shares ("ADSs"), each representing twenty (20) Ordinary Shares

NYSE:CNF

CNF Rankings

CNF Latest News

CNF Stock Data

65.23M
67.66M
1.34%
18.86%
0.19%
Mortgage Finance
Financial Services
Link
United States of America
Guangzhou