GUANGZHOU, China, March 11, 2019 /PRNewswire/ -- CNFinance Holdings
Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home
equity loan service provider in China, today announced the appointment of Dr.
Xi Wang as an independent director,
effective March 12, 2019. Dr. Wang
will serve as a member of the Audit
Committee and the Nominating and Corporate Governance
Committee of the Board of Directors
("the Board").
Dr. Wang currently serves as a
professor at Lingnan (University)
College, and a director of China
Institute for Economic Transformation and Opening at Sun
Yat-sen University ("SYSU"). Dr. Wang specializes in
economics and has focused his research on banking and monetary
policy, international finance (exchange rates and balance of
payments), and China's economy
among other subjects. Dr. Wang has been a professor at SYSU since
2004. Dr. Wang has served as a contributor for multiple business
journals including the Economic Research Journal, China Economic
Quarterly, Finance Research, and Journal of World Economy. Dr. Wang
received his master's degree in economics as well as Ph.D in economics from
SYSU.
Dr. Wang will replace Mr. Linbin Zhou,
who has served as an independent director on the Board and as a
member of the Audit Committee and the Nominating and Corporate
Governance Committee since November
2018. Mr. Zhou resigned from such positions concurrently
with Dr. Wang's appointment due to personal reasons.
"It's my pleasure to welcome Dr. Wang to the Board," commented
Mr. Bin Zhai, Chairman and Chief Executive Officer of CNFinance.
"Dr. Wang's experience and
expertise in China's economy and
banking and monetary policy will
benefit us as we work to expand our home equity loan
services to serve more micro- and small-enterprises owners. I look
forward to working with him closely. I'd also like to thank Mr.
Zhou for his services to the Board
since our initial public offering in
November 2018 and wish him all the
best in his future endeavors."
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the
"Company) is a leading home equity loan service provider in
China. CNFinance facilitates loans
by connecting micro- and small-enterprise ("MSE") owners with its
funding partners. 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
facilitates 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.
For more information, please contact:
CNFinance
E-mail: ir@cashchina.cn
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE CNFinance Holdings Limited