Lufax Announces Extraordinary General Meeting on December 29, 2025

Rhea-AI Summary

Lufax (NYSE: LU) announced an Extraordinary General Meeting (EGM) to be held on December 29, 2025 to seek shareholder approval to renew framework agreements governing continuing connected transactions with Ping An Group and its subsidiaries. The current agreements expire on December 31, 2025.

Holders of record of ordinary shares and ADSs as of the close of business on November 17, 2025 are entitled to attend or vote; ADS holders who wish to vote must submit instructions to Citibank, N.A.. Meeting materials and proxy forms will be available on https://ir.lufaxholding.com.

Insights

Corporate Governance & Transactions Analyst

Shareholder vote sought to renew related‑party framework agreements with Ping An Group on December 29, 2025.

The Company convenes an extraordinary general meeting to approve renewal of the continuing connected transactions framework between Lufax and Ping An Group, because the current agreements expire on December 31, 2025. The notice sets record dates for shareholders and ADS holders at November 17, 2025 and points to forthcoming circulars and proxy materials for resolution details.

The business mechanism is routine corporate governance: related‑party frameworks require shareholder ratification to continue material transactions under existing terms or updated terms. Key dependencies and risks include the specific contract terms, any caps or pricing formulas, and whether independent board committees or independent shareholders provide favourable opinions; those details will appear in the EGM circular. Watch for the published EGM circular and proxy materials well before the meeting on December 29, 2025; they will determine near‑term governance and cash‑flow implications for the group.

SHANGHAI, Oct. 31, 2025 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it will hold an extraordinary general meeting of the Company's shareholders (the "EGM") on December 29, 2025.

The EGM is being convened for the purpose of considering and, if thought fit, approving the renewal of framework agreements relating to the continuing connected transactions between the Company and Ping An Insurance (Group) Company of China, Ltd. ("Ping An Group") and its subsidiaries and associates. Reference is made to the section headed "Connected Transactions" in the Company's listing document dated April 11, 2023 as submitted to The Stock Exchange of Hong Kong. As the current framework agreements governing these continuing connected transactions will expire on December 31, 2025, the Company seeks shareholder approval for their renewal. The EGM notice, the EGM circular, and the form of proxy for the EGM will be available on the Company's website at https://ir.lufaxholding.com.

Holders of record of the Company's ordinary shares on the Company's register of members as of the close of business on November 17, 2025 (Hong Kong time) are entitled to attend the EGM in person. Holders of the Company's American depositary shares (the "ADSs") as of the close of business on November 17, 2025 (New York time), who wish to exercise their voting rights for the underlying ordinary shares, can submit their voting instructions to Citibank, N.A.

Further details including the time, location and proposed resolutions of the General Meeting will be set out in the notice of General Meeting to be issued and provided to holders of record of the Shares and ADSs as of the respective record date together with the proxy materials in due course.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com 

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

View original content:https://www.prnewswire.com/news-releases/lufax-announces-extraordinary-general-meeting-on-december-29-2025-302600980.html

SOURCE Lufax Holding Ltd

FAQ

When is Lufax's EGM to approve renewal of framework agreements with Ping An (LU)?

The EGM is scheduled for December 29, 2025.

What is the purpose of Lufax's December 29, 2025 EGM (LU)?

To consider and, if thought fit, approve renewal of framework agreements for continuing connected transactions with Ping An Group and related parties.

Who is eligible to attend and vote at the Lufax EGM on December 29, 2025 (LU)?

Holders of record of ordinary shares or ADSs as of the close of business on November 17, 2025 are entitled to attend or vote.

How can ADS holders of Lufax (LU) vote their underlying ordinary shares for the EGM?

ADS holders should submit voting instructions to Citibank, N.A. by the record date procedures.

Where will Lufax publish the EGM notice, circular and proxy form (LU)?

The EGM notice, circular and proxy form will be available on Lufax's investor website at https://ir.lufaxholding.com.

Why must Lufax shareholders vote to renew the connected-transaction framework agreements (LU)?

The current framework agreements expire on December 31, 2025, so shareholder approval is sought to renew them.