Shanghai, September 30th / PRNewswire / -- Lufax Holdings Limited (“Lufax” or “the Company”) (New York Stock Exchange ticker: LU, Hong Kong Exchanges and Clearing Limited ticker: 6623) announced today that it plans to adjust the ratio of its American Depository Receipts (“ADS”) to common shares (“ADS ratio”) from the current 1 American Depository Receipt to 2 common shares, to 1 American Depository Receipt to 20 common shares. The par value of each common share is $0.00001. The Company expects that this adjustment to the ADS ratio will take effect around October 23, 2026 (“effective date”).

For the holders of ADS controlled by Lufax, this adjustment of the ADS ratio is equivalent to a reverse ADS split of 1 to 10. On the effective date: (i) Registered holders who hold ADS in the form of certificates will be required to return their certificate-based ADS to Citibank, the depositary bank for Lufax's ADS project (Citibank, N.A, hereinafter referred to as "depositary bank"), in order to have them compulsorily cancelled, and in exchange for every 10 existing shares of ADS held, 1 new share of ADS will be issued; (ii) Holders of ADS through the direct registration system ("DRS") and the depositary trust company ("DTC") will have their holdings automatically exchanged without any need to take action. At that time, every 10 shares (existing) of ADS held will be automatically exchanged for 1 new share of ADS on the effective date, the original ADS shares will be cancelled, and the new ADS shares will be issued by the depositary bank.

Relevant to this ADS rate adjustment, no new ADS will be issued. The corresponding new ADS rights will be aggregated and sold by the depository bank. The net cash proceeds from the sale of these new ADS rights (after deducting fees, taxes, and expenses) will be distributed by the depository bank to the relevant ADS holders.

This adjustment of the ADS ratio will not affect the ordinary shares held by Lujinso (Land Golden Exchange Holdings Co., Ltd.), nor will it result in the issuance or cancellation of any ordinary shares. The ADS held by Lujinso will continue to be traded on the New York Stock Exchange under the code “LU”.

Therefore, the trading price of ADS is expected to rise proportionally. However, the company cannot guarantee that the trading price of ADS after the ratio adjustment will be equal to or higher than 10 times the trading price of ADS before the adjustment.

About Lufax Holdings

Lufax Holdings is a leading provider of financial services empowerment for small and micro business owners in China. The company offers financing products designed to meet the needs of small and micro business owners and other groups. To this end, Lufax has established cooperative relationships with over 85 financial institutions in China, many of which have been collaborating with the company for more than three years.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the ‘Safe Harbor’ provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by words such as ‘will’, ‘expect’, ‘anticipate’, ‘future’, ‘intend’, ‘plan’, ‘believe’, ‘estimate’, and similar expressions. Statements other than historical facts, including those regarding Lujinso’s beliefs and expectations, are considered forward-looking statements. Lujinso makes these forward-looking statements based on its current expectations and projections regarding future events and financial trends. These expectations and projections involve known or unknown risks, uncertainties, and other factors, many of which are difficult to predict and beyond the company’s control. These forward-looking statements include, but are not limited to: Lujinso’s objectives and strategies; Lujinso’s future business development, financial condition, and operating results; expected changes in Lujinso’s revenues, expenses, or expenditures; expected growth in its retail credit empowerment business; Lujinso’s expectations regarding demand for its services and market acceptance; Lujinso’s expectations regarding its relationships with borrowers, platform investors, sources of funds, product providers, and other business partners; overall economic and business conditions; as well as government policies and regulations related to the industry in which Lujinso operates. Forward-looking statements carry inherent risks and uncertainties. For more information regarding these and other risks, please refer to the documents submitted by Lujinso to the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of issuance of this press release. Except as required by applicable laws, Lujinso assumes no obligation to update any forward-looking statements.

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Lufax Holdings Limited

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