Core Viewpoint - CNFinance Holdings Limited has announced the dismissal of KPMG as its independent registered public accounting firm and the appointment of HTL International, LLC for the fiscal year ending December 31, 2024, effective December 6, 2024 [1]. Group 1: Accounting Firm Transition - The appointment of HTL was made after a careful evaluation process and has been approved by the audit committee of the Company's board of directors [2]. - HTL succeeds KPMG, which provided unqualified reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2022, and 2023 [3]. - There have been no disagreements between the Company and KPMG regarding accounting principles, financial statement disclosures, or auditing procedures during the relevant periods [4]. Group 2: Company Overview - CNFinance is a leading home equity loan service provider in China, connecting borrowers with licensed financial institutions through various partnership models [6]. - The primary target borrower segment includes micro- and small-enterprise owners in Tier 1 and Tier 2 cities and other major cities in China [6]. - The Company's risk mitigation mechanisms are integrated into its loan products, supported by a comprehensive online and offline process focusing on borrower and collateral risks [6].
CNFinance Announces Change of Auditor