CNFinance Files Annual Report on Form 20-F for Fiscal Year 2021
CNFinance Holdings Limited (NYSE: CNF), a top home equity loan service provider in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 27, 2022. This report is accessible via the Company's investor relations website and the SEC's site. Shareholders can request a hard copy of the report at no cost. The Company focuses on micro- and small-enterprise owners in major Chinese cities, utilizing a trust lending model with established partners to ensure effective risk management.
- CNFinance's collaboration with established trust partners strengthens its risk management.
- The target segment includes MSE owners in key urban cities, indicating a strong market focus.
- None.
GUANGZHOU, China, April 27, 2022 /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, 2021 with the U.S. Securities and Exchange Commission ("SEC") on April 27, 2022.
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 and other major 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.
View original content:https://www.prnewswire.com/news-releases/cnfinance-files-annual-report-on-form-20-f-for-fiscal-year-2021-301534135.html
SOURCE CNFinance Holdings Limited
FAQ
What is the significance of CNFinance's annual report filed on April 27, 2022?
Where can I find CNFinance's Form 20-F annual report?
What type of borrowers does CNFinance target?
