SCHEDULE 13G/A 0001125725 XXXXXXXX LIVE 2 Ordinary Shares 12/31/2025 0001733868 CNFinance Holdings Ltd. 18979T105 22/F South Finance CTR No. 6 Wuheng Road Guangzhou City F4 00000 Rule 13d-1(c) Gagnon Securities LLC b DE 0.00 65344200.00 0.00 65648200.00 65648200.00 N 4.8 BD IA These Ordinary Shares are held in the form of American Depositary Shares ("ADS"), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol "CNF." Each ADS represents two hundred (200) Ordinary Shares. CUSIP number 18979T105 has been assigned to the ADS Gagnon Advisors, LLC b DE 0.00 16071800.00 0.00 16071800.00 16071800.00 N 1.2 IA These Ordinary Shares are held in the form of American Depositary Shares ("ADS"), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol "CNF." Each ADS represents two hundred (200) Ordinary Shares. CUSIP number 18979T105 has been assigned to the ADS. Neil Gagnon b X1 8408800.00 84357000.00 8408800.00 84892200.00 93301000.00 N 6.8 IN These Ordinary Shares are held in the form of American Depositary Shares ("ADS"), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol "CNF." Each ADS represents two hundred (200) Ordinary Shares. CUSIP number 18979T105 has been assigned to the ADS. CNFinance Holdings Ltd. 22/F South Finance CTR, No. 6 Wuheng Road, Tianhe District, Guangzhou City, China 00000 Neil Gagnon has sole voting and dispositive power over 8,408,800 shares of the Issuer's Ordinary Shares (the "Ordinary Shares"). In addition, Mr. Gagnon has shared voting power over 84,357,000 shares of Ordinary Shares and shared dispositive power over 84,892,200 shares of Ordinary Shares. Mr. Gagnon is the Chief Executive Officer and principal owner of Gagnon Securities LLC ("GS"), an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC") under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and a registered broker-dealer, in its role as investment manager to several customer accounts, foundations, partnerships and trusts (collectively, the "Accounts") to which it furnishes investment advice. GS and Mr. Gagnon may be deemed to share voting power with respect to 65,344,200 shares of Ordinary Shares held in the Accounts and dispositive power with respect to 65,648,200 shares of Ordinary Shares held in the Accounts. GS and Mr. Gagnon expressly disclaim beneficial ownership of all securities held in the Accounts. Mr. Gagnon is also the managing member of Gagnon Advisors, LLC ("Gagnon Advisors"), an investment adviser registered with the SEC under the Advisers Act. Mr. Gagnon and Gagnon Advisors, in its role as investment manager to Gagnon Investment Associates, LLC ("GIA"), a private investment fund, may be deemed to share voting and dispositive power with respect to the 16,071,800 shares of Ordinary Shares held by GIA. Gagnon Advisors and Mr. Gagnon expressly disclaim beneficial ownership of all securities held by GIA. 1370 Ave. of Americas, 26th Floor, New York, NY 10019 Gagnon Securities LLC Delaware limited liability company Gagnon Advisors, LLC Delaware limited liability company Neil Gagnon USA Y Gagnon Securities LLC 65,648,200 Gagnon Advisors, LLC 16,071,800 Neil Gagnon 93,301,000 Gagnon Securities LLC 4.8% Gagnon Advisors, LLC 1.2% Neil Gagnon 6.8% Calculation of percentage of beneficial ownership is based on 1,371,643,240 Ordinary Shares outstanding as of June 30, 2025, based on the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 28, 2025. Gagnon Securities LLC 0 Gagnon Advisors, LLC 0 Neil Gagnon 8,408,800 Gagnon Securities LLC 65,344,200 Gagnon Advisors, LLC 16,071,800 Neil Gagnon 84,357,000 Gagnon Securities LLC 0 Gagnon Advisors, LLC 0 Neil Gagnon 8,408,800 Gagnon Securities LLC 66,983,200 Gagnon Advisors, LLC 16,071,800 Neil Gagnon 84,892,200 N The Accounts described above in Item 2 have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities held in their respective accounts. To the knowledge of the Reporting Persons, the interest in any such account does not exceed 5% of the class of securities. Except to the extent described herein, the Reporting Person disclaims beneficial ownership of all such securities. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Gagnon Securities LLC /s/ Neil Gagnon 02/12/2026 Gagnon Advisors, LLC /s/ Neil Gagnon 02/12/2026 Neil Gagnon /s/ Neil Gagnon 02/12/2026