CNFinance Holdings ^{Priced, NYSE: CNF}

We are a leading home equity loan service provider in China with established business infrastructure. According to the Oliver Wyman report, we are the second largest home equity loan service provider among non-traditional financial institutions in China in terms of outstanding loan principal as of December 31, 2017. We facilitate loans by connecting MSE owners with our funding partners. Our primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. With more than ten years of experience in the loan service industry, we have established a national network of 73 branches and sub-branches in over 40 cities in China. The extensive local knowledge and resources we have acquired building our business infrastructure distinguish us from other players in the market. In 2016 and 2017, we originated home equity loans with aggregate principal amount of RMB8.3 billion and RMB17.1 billion, respectively, representing an increase of 105.8%. For the three months ended March 31, 2018, we originated home equity loans with an aggregate principal amount of RMB2.2 billion.