Cnfinance announces expansion of share repurchase program

Guangzhou, china , may 27, 2024 /prnewswire/ -- cnfinance holdings limited (nyse: cnf) ("cnfinance" or the "company"), a leading home equity loan service provider in china, today announced its board of directors has increased its share repurchase authorization to us$30.0 million, expanding the usd$20.0 million share repurchase authorization granted in march 2022, commencing on may 27, 2024. in march 2022, the company's board of directors authorized a share repurchase program under which the company may repurchase up to us$20.0 million of its ordinary shares in the form of american depositary shares ("adss") during a period of up to 12 months.
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