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Exhibit 99.1 CNFinance Announces Second Quarter and First Half of 2021 Unaudited Financial Results GUANGZHOU , China , August 23 , 2021 / PRNewswire / -- CNFinance Holdings Limited ( NYSE : CNF ) ( “ CNFinance ” or the “ Company ” ) , a leading home equity loan service provider in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 and the first half of 2021 . Second Quarter 2021 Operational and Financial Highlights • • • • • Total loan origination volume¹ was RMB3,824.5 million ( US $ 592.0 million ) in the second quarter of 2021 , compared to RMB1,883.2 million in the same period of 2020 . Total outstanding loan principal² was RMB11.6 billion ( US $ 1.8 billion ) as of June 30 , 2021 , compared to RMB9.7 billion as of December 31 , 2020 . Total interest and fees income was RMB451.5 million ( US $ 69.9 million ) in the second quarter of 2021 , compared to RMB454.1 million in the same period of 2020 . Net income was RMB65.2 million ( US $ 10.1 million ) in the second quarter of 2021 , compared to RMB25.2 million in the same period of 2020 . Basic earnings per ADS and diluted earnings per ADS were RMB0.95 ( US $ 0.15 ) and RMB0.94 ( US $ 0.15 ) , respectively , in the second quarter of 2021 , compared to RMB0.37 and RMB0.34 , respectively , in the same period of 2020 . First Half of 2021 Operational and Financial Highlights • • • Total loan origination volume¹ was RMB6,666.2 million ( US $ 1,031.9 million ) in the first half of 2021 , compared to RMB3,050.1 million in the same period of 2020 . Total interest and fees income was RMB876.6 million ( US $ 135.7 million ) in the first half of 2021 , compared to RMB947.7 million in the same period of 2020 . Net income was RMB150.9 million ( US $ 23.4 million ) in the first half of 2021 , compared to net loss of RMB40.6 million in the same period of 2020 . • Basic earnings / ( losses ) per ADS and diluted earnings / ( losses ) per ADS were RMB2.20 ( US $ 0.34 ) and RMB2.17 ( US $ 0.34 ) , respectively , in the first half of 2021 , compared to RMB ( 0.59 ) and RMB ( 0.59 ) , respectively , in the same period of 2020 . " We delivered solid results in the second quarter and first half of 2021 , ” commented Mr. Bin Zhai , Chairman and Chief Executive Officer of CNFinance , “ There was an increase of demand for asset - backed operating loans driven by the growth of the Chinese national economy which led to the growth in demand for our company's loan facilitation services . Since the inception of our new collaboration model , we have built a national network consisting of approximately 60 branches in 40 cities . By collaborating with over 2,000 sales partners across China , we are able to establish a wide market coverage and timely serve micro - and small - enterprise ( MSE ) owners ' financing needs . In the first half of 2021 , we facilitated loans of RMB6.66 billion , representing a year - over - year growth of 118 % from RMB3.05 billion in the first half of 2020 . Our collaboration model has been well recognized by the market as we have refined it since its introduction . In order to secure sales partners ' cohesion and loyalty to our platform , we have been consistently optimizing our services . 1 Refers to the total amount of loans CNFinance originated during the relevant period . 2 Refers to the total amount of loans outstanding for CNFinance at the end of the relevant period . 1