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CNFinance Holdings Limited Regains Compliance with NYSE ADS Trading Price Requirement
Prnewswire· 2025-10-14 10:05
Core Points - CNFinance Holdings Limited has regained compliance with the NYSE continued listing standard for minimum share price, meeting the Price Criteria [1][4] - The company was previously notified of non-compliance due to its American depositary shares (ADSs) averaging less than US$1.00 over a thirty-day trading period [2] - To address this, CNFinance adjusted the ratio of its ADSs to Class A ordinary shares from 1:20 to 1:200, effective September 5, 2025 [3] Company Overview - CNFinance is a leading home equity loan service provider in China, connecting borrowers with financing sources through various partnership models [5] - The company primarily targets micro- and small-enterprise (MSE) owners in Tier 1 and Tier 2 cities, focusing on those with real properties [5] - CNFinance employs a risk mitigation mechanism in its loan products, supported by an integrated online and offline process and effective post-loan management [5]
CNFinance Files Annual Report on Form 20-F for Fiscal Year 2024
Prnewswire· 2025-04-30 10:11
Group 1 - CNFinance Holdings Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC on April 29, 2025 [1] - The annual report is accessible on the Company's investor relations website and the SEC's website [1] - The Company offers free hard copies of its annual report to shareholders and ADS holders upon request [2] Group 2 - CNFinance is a leading home equity loan service provider in China, focusing on micro- and small-enterprise (MSE) owners with real properties in Tier 1 and Tier 2 cities [3] - The Company operates through a trust lending model and a commercial bank partnership model, connecting borrowers with licensed financial institutions [3] - CNFinance's risk mitigation mechanism is integrated into its loan products, supported by an online and offline process that emphasizes borrower and collateral risks [3]