#China #Guangzhou #CNFinance #HTL International #Guangdong Prouden

CNFinance Holdings Announces Auditor Change

CNFinance Holdings Limited, listed as NYSE: CNF, is a prominent provider of home equity loans in China. On November 13, 2026, the company announced a significant change in its auditing firm, marking a new phase in its financial management.

Change of Auditor

The announcement details that HTL International, LLC, which has been serving as CNFinance's independent registered public accounting firm since December 2024, will end its term. HTL opted not to seek re-election for auditing the financial statements for the fiscal year ending December 31, 2026. Crucially, this decision was not due to any disagreements regarding accounting principles or practices, financial statement disclosures, or auditing procedures between CNFinance and HTL.

Expanding on the transition, the audit committee of the Board of Directors has approved the appointment of Guangdong Prouden CPAs GP as the company's new independent registered public accounting firm for the upcoming fiscal year. This selection was made following an extensive evaluation process, ensuring that the choice aligns with CNFinance's operational and financial objectives.

Audit History and Acknowledgments

HTL's tenure was marked by stability, with their audit reports for the financial years ending December 31, 2024, and 2025 presenting no adverse opinions. Additionally, during this period, there were no disputes or reportable events that would have necessitated any noted concerns in their reviews.

The audit committee expressed appreciation for HTL's contribution to the company over the years, highlighting the quality of service provided. This smooth transition aims to maintain continuity in the auditing process, ensuring that all stakeholders have confidence in CNFinance's financial reporting.

About CNFinance Holdings

Founded as a leading home equity loan service provider in China, CNFinance plays a vital role in bridging demand and supply in the financing sector. Operating through subsidiaries, the company collaborates with sales partners and trust companies under a trust lending model, as well as with commercial banks. Their primary clientele involves micro- and small-enterprise owners located in major cities across China, such as Tier 1 and Tier 2 cities. The company’s approach to financing emphasizes a thorough risk assessment process, integrating solid online and offline strategies that consider both borrower and collateral risks.

Ensuring a Seamless Transition

As CNFinance moves forward with Prouden as their new auditor, the company is committed to fostering a productive relationship to ensure a seamless transition. This change is part of the broader framework aimed at enhancing the company's financial management capabilities and maintaining robust operational performance in the years to come. The audit committee’s proactive steps reflect CNFinance's dedication to upholding the highest standards of financial integrity and transparency in its operations.

For further inquiries or details regarding these changes, interested parties can reach out through CNFinance’s official communication channels.