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CNFinance Holdings (NYSE: CNF), a prominent home equity loan service provider in China, has announced an expansion of its share repurchase program to US$30.0 million. This update builds on the USD$20.0 million authorization initially approved in March 2022. The program allows CNFinance to buy back its ordinary shares in the form of American depositary shares (ADSs). The board has extended the program's duration multiple times, most recently adding 24 months from March 2024. As of May 27, 2024, the company has repurchased approximately US$18.5 million worth of ADSs.
CNFinance Holdings (NYSE: CNF) will hold its Annual General Meeting (AGM) on June 7, 2024, from 9:30 a.m. to 11:00 a.m. Beijing Time, in Guangzhou, China. The AGM will be an open forum for shareholders and American Depositary Shares (ADS) holders to discuss company affairs with management. No proposals will be submitted for approval. The record date for determining eligible shareholders to receive notice of the AGM is May 8, 2024.
CNFinance Holdings (NYSE: CNF) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report can be accessed on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request a hard copy of the report for free.