Statement from CNFinance Holdings Limited

Rhea-AI Summary

CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, has issued an important statement clarifying its corporate identity and addressing market confusion. The company announced that in November 2024, it changed its name from 'CNFinance Holdings 泛華金融控股有限公司' to 'CNFinance Holdings 深泛联控股有限公司'.

The company explicitly stated that entities currently operating under the name 'Fanhua (泛華)' have no affiliation or operational relationship with CNFinance. Furthermore, the company warned that any unauthorized use or misrepresentation of its name, logo, trademark, or brand falsely associating it with 'Fanhua (泛華)' may constitute legal violations, and CNFinance reserves the right to pursue legal action, including civil lawsuits and criminal prosecution.

Positive

• Proactive brand protection and legal stance against unauthorized use of company assets
• Clear corporate identity differentiation from potentially problematic market entities

Negative

• Potential market confusion regarding company identity and branding
• Possible unauthorized use of company's intellectual property requiring legal action

‌‌GUANGZHOU, China, March 19, 2025 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced the following statements to address recent market news involving "Fanhua (泛華)":

In November 2024, the Company's name changed from "CNFinance Holdings Limited 泛華金融控股有限公司"  to "CNFinance Holdings Limited 深泛联控股有限公司."

Entities currently operating under the name "Fanhua (泛華)" are not the Company's affiliates, nor do they have an operational relationship with the Company.

Any misuse or misrepresentation involving the Company's name, logo, trademark, or brand that falsely associates the Company with "Fanhua (泛華)" may violate applicable laws. The Company reserves the right to take all necessary legal action, including civil lawsuits and criminal prosecution, against individuals or entities engaging in such unauthorized activities.

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/statement-from-cnfinance-holdings-limited-302405823.html

SOURCE CNFinance Holdings Limited

FAQ

When did CNFinance Holdings (CNF) change its Chinese name?

CNFinance changed its Chinese name in November 2024 from '泛華金融控股有限公司' to '深泛联控股有限公司'.

Is CNFinance (CNF) affiliated with entities operating as Fanhua?

No, CNFinance explicitly stated that entities operating under the name 'Fanhua (泛華)' are not affiliated with the company and have no operational relationship.

What legal actions can CNFinance (CNF) take against unauthorized use of its brand?

CNFinance can pursue civil lawsuits and criminal prosecution against any unauthorized use or misrepresentation of its name, logo, trademark, or brand.

Why did CNFinance (CNF) issue this statement in March 2025?

The statement was issued to address recent market news involving 'Fanhua (泛華)' and clarify that there is no association between the entities.