CNFINANCE ANNOUNCES THE RESULTS OF ITS EXTRAORDINARY GENERAL MEETING

Core Viewpoint - CNFinance Holdings Limited has adopted a dual-class shareholding structure and made significant amendments to its corporate governance documents during an extraordinary general meeting of shareholders [2][3]. Group 1: Shareholder Meeting Outcomes - The company approved a dual-class shareholding structure, increasing its authorized share capital from US$380,000 to US$2,000,000, allowing for 18 billion Class A Ordinary Shares and 2 billion Class B Ordinary Shares [2]. - The existing second amended and restated memorandum and articles of association were replaced with a new third amended and restated version [3]. - Directors were authorized to take necessary actions to implement the approved resolutions [3]. Group 2: Company Overview - CNFinance is a leading home equity loan service provider in China, focusing on connecting borrowers with financing sources through partnerships with sales partners and trust companies [6]. - The company primarily targets micro- and small-enterprise owners in Tier 1 and Tier 2 cities, utilizing a risk mitigation mechanism embedded in its loan products [6].