CNFinance Regains NYSE Compliance with Higher Stock Price

CNFinance, a home equity loan service provider in China, regained compliance with the NYSE's minimum share price requirement of $1.00 based on a 30-trading day average. The company was previously notified on April 7 that it was not in compliance. On October 1, it received a notification letter from the NYSE stating that its stock price was above the minimum requirement.

CNFinance Holdings Limited (NYSE: CNF), a leading home equity loan service provider in China, has regained compliance with the New York Stock Exchange's (NYSE) minimum share price requirement of $1.00 based on a 30-trading day average. The company was previously notified on April 7, 2025, that it was not in compliance with the NYSE's Price Criteria, as the average closing price of its American depositary shares (ADSs) was below $1.00 over a 30-day period.

To address this issue, CNFinance changed the ratio of its ADSs to its Class A ordinary shares from 1:20 to 1:200, effective from September 5, 2025. This adjustment aimed to increase the stock price and meet the NYSE's minimum requirement. On October 1, 2025, CNFinance received a notification letter from the NYSE stating that its stock price had risen above the minimum requirement based on a 30-trading day average ended September 30, 2025. As a result, the company has regained compliance with the NYSE's continued listing standards and will continue to be traded on the NYSE.

CNFinance Holdings Limited is a significant player in the Chinese home equity loan market. Through its operating subsidiaries, it connects demand and supply through various models, including trust lending and commercial bank partnerships. The company primarily targets micro- and small-enterprise (MSE) owners in Tier 1 and Tier 2 cities and other major cities in China. CNFinance's risk mitigation strategy is embedded in its loan products, supported by an integrated online and offline process focusing on both borrower and collateral risks, and enhanced by effective post-loan management procedures.