CNFinance Holdings Limited Regains Compliance with NYSE ADS Trading Price Requirement

Rhea-AI Summary

CNFinance (NYSE: CNF) announced it has regained compliance with the NYSE minimum ADS trading price requirement under Section 802.01C.

The company received a non‑compliance notice on April 7, 2025, implemented an ADS ratio change effective September 5, 2025 (from 1 ADS = 20 Class A shares to 1 ADS = 200 Class A shares), and on October 1, 2025 was notified that its 30‑trading‑day average price ended September 30, 2025 exceeded US$1.00. As a result, CNFinance will continue trading on the NYSE.

Positive

• Regained NYSE compliance under Section 802.01C on Oct 1, 2025
• ADS ratio changed to 1:200 effective Sep 5, 2025
• 30‑trading‑day average price exceeded US$1.00 ending Sep 30, 2025

Negative

• Received NYSE non‑compliance notice on Apr 7, 2025
• ADS ratio change increased underlying shares per ADS to 200

News Market Reaction

+10.09%

8 alerts

+10.09% News Effect

+14.6% Peak Tracked

-7.0% Trough Tracked

+$3M Valuation Impact

$36M Market Cap

0.8x Rel. Volume

On the day this news was published, CNF gained 10.09%, reflecting a significant positive market reaction. Argus tracked a peak move of +14.6% during that session. Argus tracked a trough of -7.0% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $36M at that time.

Data tracked by StockTitan Argus on the day of publication.

GUANGZHOU, China, Oct. 14, 2025 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced that it has regained compliance with the New York Stock Exchange ("NYSE") continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual ("Price Criteria").

As announced on April 18, 2025, CNFinance was notified by NYSE on April 7, 2025, that the Company was not in compliance with the Price Criteria, as the average closing price of the Company's American depositary shares ("ADSs") was less than US$1.00 over thirty (30) trading-day period. NYSE provided the Company with a cure period of six (6) months following receipt of the notification to regain compliance with NYSE continued listing standards.

As part of its efforts to regain compliance with the Price Criteria, the Company changed the ratio of its ADSs to its Class A ordinary shares, par value US$0.0001 per share, from the current ratio of one (1) ADS to twenty (20) Class A ordinary shares to a new ratio of one (1) ADS to two hundred (200) Class A ordinary shares. The change became effective on September 5, 2025.

On October 1, 2025, the Company received a notification letter from NYSE that the Company's stock price was above the NYSE's minimum requirement of US$1.00 based on a thirty (30)-trading day average ended September 30, 2025. Accordingly, the Company has regained compliance with the Price Criteria, and will continue to be traded on the NYSE .

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company") is a leading home equity loan service provider in China. CNFinance, through its operating subsidiaries in China, conducts business by connecting demands and supplies through collaborating with sales partners and trust companies under the trust lending model, and sales partners, local channel partners and commercial banks under the commercial bank partnership model. Sales partners and local channel partners are responsible for recommending micro- and small-enterprise ("MSE") owners with financing needs to the Company and the Company introduces eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

View original content:https://www.prnewswire.com/news-releases/cnfinance-holdings-limited-regains-compliance-with-nyse-ads-trading-price-requirement-302583220.html

SOURCE CNFinance Holdings Limited

FAQ

What did CNFinance (CNF) announce on October 14, 2025 about NYSE compliance?

CNFinance announced it has regained compliance with the NYSE minimum ADS price requirement under Section 802.01C and will continue trading on the NYSE.

How did CNFinance (CNF) regain NYSE compliance by September 2025?

The company changed its ADS ratio from 1:20 to 1:200 effective Sep 5, 2025, and its 30‑trading‑day average exceeded US$1.00 by Sep 30, 2025.

When did NYSE notify CNFinance (CNF) of non‑compliance and what was the cure period?

NYSE notified CNFinance of non‑compliance on Apr 7, 2025 and provided a six‑month cure period to regain compliance.

What ADS ratio does CNFinance (CNF) use after the change effective Sep 5, 2025?

After the change effective Sep 5, 2025, one ADS represents 200 Class A ordinary shares.

What specific price metric confirmed CNFinance (CNF) regained compliance?

A 30‑trading‑day average closing price ending Sep 30, 2025 exceeded the NYSE minimum of US$1.00.