CNF CNFinance Holdings Limited

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2024

 

Commission file number: 001-38726

 

 

CNFinance Holdings Limited

(Exact Name of Registrant as Specified in Its Charter)

 

 

44/F, Tower G, No. 16 Zhujiang Dong Road

Tianhe District, Guangzhou City, Guangdong Province 510620

People’s Republic of China

+86-20-62316688

(Address of Principal Executive Offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.   Form 20-F  ☒      Form 40-F  ☐

 

 

 

On May 27, 2024, CNFinance Holdings Limited (the “Company”) issued press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press release: CNFinance Announces Expansion of Share Repurchase Program

 

 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

			CNFINANCE HOLDINGS LIMITED
Date:	May 28, 2024		By:	/s/ Bin Zhai
				Name:	Bin Zhai
				Title:	Chief Executive Officer and Chairman

 

 

2

 

Exhibit 99.1

 

CNFinance Announces Expansion of Share Repurchase Program

 

GUANGZHOU, China, May 27, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced its board of directors has increased its share repurchase authorization to US$30.0 million, expanding the USD$20.0 million share repurchase authorization granted in March 2022, commencing on May 27, 2024. In March 2022, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its ordinary shares in the form of American depositary shares (“ADSs”) during a period of up to 12 months. In March 2023, the Company’s board of directors has authorized to extend such plan for another 12 months commencing on March 16, 2023, and in March 2024, the Company’s board of directors has authorized to extend such plan for another 24 months commencing on March 16, 2024. As of May 27, 2024, CNFinance has repurchased approximately US$18.5 million of its ADSs.

 

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 as well as commercial banks. 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 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

 

 

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