# CNFinance Announces Change of Auditor

- Link: https://www.thailand-business-news.com/pr-news/cnfinance-announces-change-of-auditor
- Published: 2026-11-14T04:05:00+07:00
- Author: PR Newswire

GUANGZHOU, China, Nov. 14, 2026 /PRNewswire/ — CNFinance Holdings Limited (NYSE:
CNF) ("**CNFinance**" or the "**Company**"), a leading home equity loan service 
provider in China, today announced the change of auditor, effective November 13,
2026. HTL International, LLC ("HTL") has served as the Company’s independent registered
public accounting firm since December 2024. HTL declined to stand for re-election
to serve as the independent registered public accounting firm for the audits of 
the Company’s financial statements for the financial year ending December 31, 2026.
The decision was not a result of any disagreement between the Company and HTL on
any matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedure. The audit committee of the Company’s Board of Directors
has approved the change of auditor and appointed Guangdong Prouden CPAs GP ("Prouden")
as the Company’s independent registered public accounting firm for the fiscal year
ended December 31, 2026.

The appointment of Prouden was made after a careful and thorough evaluation process
and has been approved by the audit committee of the Company’s board of directors.

Prouden succeeds HTL, the Company’s previous independent registered public accounting
firm. The reports of HTL on the Company’s consolidated financial statements for 
each of the fiscal years ended December 31, 2024 and 2025 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principle.

During each of the fiscal years ended December 31, 2024 and 2025 and the subsequent
period through November 13, 2026, there have been no disagreements between the Company
and HTL on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of HTL, would have caused HTL to make reference to the subject
matter of the disagreements in its report on the consolidated financial statements,
and there have been no "reportable events" as the term is described in Item 16F(
a)(1)(v) of Form 20-F.

The Company is working closely with HTL and Prouden to ensure a seamless transition.

The audit committee would like to express its sincere gratitude to HTL for its quality
of services rendered to the Company over the past years.

**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.

**For more information, please contact:**

CNFinance
E-mail: [ir@cashchina.cn](https://www.thailand-business-news.com/pr-news/ir@cashchina.cn)

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