Cnfinance holdings limited announces share repurchase plan by the company

Guangzhou, china, march 16, 2022 /prnewswire/ -- cnfinance holdings limited (nyse: cnf) ("cnfinance" or the "company"), a leading home equity loan service provider in china, today announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to us$20 million of its american depositary shares ("adss") for the next 12 months. the company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.
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