CNFinance to Hold Annual General Meeting on June 7, 2024

Rhea-AI Summary

CNFinance Holdings (NYSE: CNF) will hold its Annual General Meeting (AGM) on June 7, 2024, from 9:30 a.m. to 11:00 a.m. Beijing Time, in Guangzhou, China. The AGM will be an open forum for shareholders and American Depositary Shares (ADS) holders to discuss company affairs with management. No proposals will be submitted for approval. The record date for determining eligible shareholders to receive notice of the AGM is May 8, 2024.

Positive

• The AGM provides a platform for direct dialogue between shareholders and management.
• The company's choice of an open forum allows for transparency and shareholder engagement.

Negative

• No proposals will be submitted for shareholder approval, which might be seen as a lack of actionable items for investors.
• The AGM does not include any discussion of financial performance, future plans, or strategic initiatives.

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

View original content:https://www.prnewswire.com/news-releases/cnfinance-to-hold-annual-general-meeting-on-june-7-2024-302153661.html

SOURCE CNFinance Holdings Limited

FAQ

When is the CNFinance AGM for 2024?

The CNFinance AGM is on June 7, 2024, from 9:30 a.m. to 11:00 a.m. Beijing Time.

Where will the CNFinance AGM be held in 2024?

The AGM will be held at 44/F, Tower G, No. 16 Zhujiang Dong Road, Tianhe District, Guangzhou City, Guangdong Province, China.

What is the purpose of the 2024 CNFinance AGM?

The AGM will serve as an open forum for shareholders and ADS holders to discuss company affairs with management. No proposals will be submitted for approval.

Who is eligible to attend the CNFinance AGM in 2024?

Shareholders of record as of May 8, 2024, and beneficial owners of the company's ADSs are eligible to attend the AGM.