Page 1

Exhibit 99.1 CNFinance Announces Third Quarter of 2021 Unaudited Financial Results GUANGZHOU , China , November 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 third quarter ended September 30 , 2021 . Third Quarter 2021 Operational and Financial Highlights • Total loan origination volume¹ was RMB3,117.5 million ( US $ 480.7 million ) in the third quarter of 2021 , compared to RMB3,093.4 million in the same period of 2020 . • Total outstanding loan principal² . was RMB11.1 billion ( US $ 1.7 billion ) as of September 30 , 2021 , compared to RMB9.7 billion as of December 31 , • • • 2020 . Total interest and fees income were RMB457.0 million ( US $ 70.5 million ) in the third quarter of 2021 , compared to RMB476.0 million in the same period of 2020 . Net income was RMB19.0 million ( US $ 2.9 million ) in the third quarter of 2021 , compared to RMB50.1 million in the same period of 2020 . Basic and diluted earnings per ADS were RMB0.28 ( US $ 0.04 ) and RMB0.25 ( US $ 0.04 ) , respectively , in the third quarter of 2021 , compared to RMB0.73 and RMB0.67 , respectively , in the same period of 2020 . " Following a good first half , our loan facilitation business remained stable in the third quarter of 2021. During the third quarter , the robust business operations of micro - and small - enterprises ( MSEs ) created an increase in capital demand . To meet such demand , our professional and dedicated team , with the aid of our efficient and visualized online system , served over 5,000 borrowers . With RMB3.1 billion loans originated in the third quarter of 2021 , the total outstanding loan principal reached RMB11.1 billion as of September 30 , 2021. Although exposed to the lower funding supply from trust companies and an increase in financing cost , we were still able to record a net income of RMB19.0 million in the third quarter of 2021. It is worth noticing that we enlarged our business scale during the third quarter of 2021 while we lowered the collaboration cost for sales partners as a result of lower rate of incentives due to the overall lowered interest rates on loans , which reflected the success of our efforts to improve the screening and management of sales partners . To promote the strategical transformation to an asset - light platform , we plan to dispose of certain legacy loans under the traditional model in the fourth quarter . We will conduct evaluations and endeavor to sell those loans in bulk at fair market prices . Looking forward , we remain dedicated to building an asset - light service platform with a high turnover at a large scale while staying true to our mission of providing MSE owners with affordable , accessible and efficient financial services , ” commented Mr. Bin Zhai , CEO and Chairman of CNFinance . 1 Refers to the total amount of loans CNFinance originated during the relevant period . 2 Refers to the total amount of loans principal outstanding for CNFinance at the end of the relevant period . 1