Core Viewpoint - CNFinance Holdings Limited, a leading home equity loan service provider in China, is set to report its unaudited financial results for the first half of 2025 on August 28, 2025, before U.S. markets open [1]. Company Overview - CNFinance operates by connecting demands and supplies through collaboration with sales partners and trust companies under a trust lending model, as well as with commercial banks under a commercial bank partnership model [3]. - The primary target borrower segment for CNFinance consists of micro- and small-enterprise (MSE) owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China [3]. - The company employs a risk mitigation mechanism embedded in its loan products, supported by an integrated online and offline process that focuses on the risks of both borrowers and collateral, further enhanced by effective post-loan management procedures [3].

Core Viewpoint - CNFinance Holdings Limited plans to change the ratio of its American depositary shares (ADSs) to its Class A ordinary shares from 1:20 to 1:200, which is equivalent to a one-for-ten reverse ADS split [1][2]. Group 1: ADS Ratio Change - The new ADS Ratio will be effective on or about September 5, 2025, subject to regulatory approval [2]. - Existing ADS holders will need to surrender ten current ADSs to receive one new ADS [3]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. Group 2: Impact on Trading and Company Overview - The change in the ADS Ratio is expected to lead to a proportional increase in the ADS trading price, although no assurance can be given that the price will be ten times the previous trading price [5]. - CNFinance is a leading home equity loan service provider in China, focusing on micro- and small-enterprise owners in major cities [6].