How is Kylin Investment Holdings Limited related to Qian Jun’s CNFinance ownership?

Kylin Investment Holdings Limited is a British Virgin Islands company that holds Class A ordinary shares of CNFinance. The filing states that Qian Jun owns 10% of Kylin Investment’s outstanding shares, giving him an indirect economic interest in the CNFinance shares held by that entity.

CNFinance VP discloses initial share holdings

CNFinance Holdings Ltd. vice president Qian Jun filed an initial ownership report showing both direct and indirect stakes in the company.

Accepted by SEC EDGAR 03/18/2026 - 09:13 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

Rhea-AI Filing Summary

CNFinance Holdings Ltd. vice president Qian Jun filed an initial ownership report showing both direct and indirect stakes in the company. He holds stock options to acquire 20,000,000 ordinary shares at an exercise price of $0.0725 per share, expiring on December 31, 2027. The filing also notes an indirect interest through Kylin Investment Holdings Limited, of which he owns 10% of the outstanding shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Qian Jun

Role Vice President

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 20,000,000 contracts (Direct); Class A Ordinary Shares — 24,394,938 shares (Indirect, By Kylin Investment Holdings Limited)

Footnotes (2)

F1. Kylin Investment Holdings Limited, or Kylin Investment, is a company incorporated in the British Virgin Islands. 10% of the total outstanding shares of Kylin Investment are held by the Reporting Person. Kylin Investment holds 243,949,380 Class A ordinary shares of the Issuer.
F2. The exercise price of the stock options is RMB0.5 per share. For convenience only, this amount has been translated into U.S. dollars at the rate of RMB6.8961 to US$1.00, the noon buying rate in effect on March 13, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does CNFinance (CNF) vice president Qian Jun report owning on this Form 3?

Qian Jun reports both direct and indirect ownership in CNFinance. He holds stock options over 20,000,000 ordinary shares and has an indirect interest through Kylin Investment Holdings Limited, where he owns 10% of the outstanding shares, according to the disclosure.

What are the terms of Qian Jun’s CNFinance stock options disclosed on Form 3?

The filing shows stock options giving Qian Jun the right to buy 20,000,000 ordinary shares. The exercise price is RMB0.5 per share, translated for convenience as about $0.0725 using an exchange rate of RMB6.8961 to $1.00 on March 13, 2026.

When do Qian Jun’s CNFinance stock options expire?

The stock options reported by Qian Jun expire on December 31, 2027. They relate to 20,000,000 underlying ordinary shares and have an exercise price originally set at RMB0.5 per share, as detailed in the Form 3 ownership disclosure and its footnotes.

Does this CNFinance Form 3 show Qian Jun buying or selling shares?

The Form 3 is an initial ownership report and does not show any explicit share purchases or sales. It lists holdings, including stock options and indirect interests, with transaction directions marked as unknown rather than buy or sell activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Qian Jun

(Last)

(First)

(Middle)

22F, SOUTHERN FINANCE PLAZA

NO. 7 3RD CHUNRONG ROAD, TIANHE DISTRICT

(Street)

GUANGZHOU

510000

(City)

(State)

(Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
CNFinance Holdings Ltd. [ CNF ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	24,394,938⁽¹⁾	I	By Kylin Investment Holdings Limited

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	12/31/2019	12/31/2027	Ordinary Shares	20,000,000	$0.0725⁽²⁾	D

Explanation of Responses:

1. Kylin Investment Holdings Limited, or Kylin Investment, is a company incorporated in the British Virgin Islands. 10% of the total outstanding shares of Kylin Investment are held by the Reporting Person. Kylin Investment holds 243,949,380 Class A ordinary shares of the Issuer.

2. The exercise price of the stock options is RMB0.5 per share. For convenience only, this amount has been translated into U.S. dollars at the rate of RMB6.8961 to US$1.00, the noon buying rate in effect on March 13, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board.

	/s/ Qian Jun	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR