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
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.
SOURCE CNFinance Holdings Limited