Lufax Announces Poll Results of Extraordinary General Meeting

The approved extension defers the notes’ maturity by one year, while share issuance upon conversion remains conditional.

Rhea-AI Summary

Lufax Holding (LU) shareholders approved a one-year maturity extension for outstanding Ping An Overseas Holdings Convertible Promissory Notes at an extraordinary general meeting.

The approved extension moves maturity from October 8, 2026 to October 8, 2027. Shareholders also authorized new shares at US$2.32 each, subject to adjustments, upon conversion, subject to Stock Exchange approval of the extension.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointOne-year maturity extension approved for outstanding Ping An Overseas Holdings notes, from October 8, 2026 to October 8, 2027.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.New shares at US$2.32 each, subject to adjustments, would dilute holders upon exercise of conversion rights.
• Minor pointStock Exchange approval of the extension remains a condition of the share-issuance mandate.

Key Figures

Maturity extension: one year Share price upon conversion: US$2.32 per share

Maturity extension

one year

From October 8, 2026 to October 8, 2027

Share price upon conversion

US$2.32 per share

New shares issuable upon exercise of conversion rights; subject to adjustments

Historical Context

1 past event · Latest: Sep 10

1 event

1. Sep 10

   EGM notice

   24h Move

   +0.0%

   Announced the EGM to consider resolutions that were subsequently passed on October 8.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible promissory notes, conversion rights

2 terms

convertible promissory notes financial

"outstanding Ping An Overseas Holdings Convertible Promissory Notes"

A convertible promissory note is a loan a company takes that can later be turned into shares instead of being paid back in cash; think of lending money now in exchange for a voucher that can become ownership later. Investors care because it mixes credit risk and potential ownership upside—it can protect lenders if a company struggles while also diluting existing shareholders when converted, affecting future share value and investor returns.

conversion rights financial

"exercise of the conversion rights attaching to the Ping An Overseas Holdings"

Conversion rights are a contract feature that lets the holder change one kind of security—often a bond or preferred share—into another, typically common stock, at a predetermined rate. Investors care because conversion can provide upside if the stock rises (like swapping a ticket for a better prize), but it can also dilute existing shareholders and change ownership and voting power, affecting share value and strategy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, Oct. 8, 2026 /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 the poll results of its extraordinary general meeting held in Shanghai on October 8, 2026.

At the meeting, the following resolutions were duly passed as ordinary resolutions:

1.(a) The Amendment and Supplemental Agreement in relation to the extension of the maturity date of the outstanding Ping An Overseas Holdings Convertible Promissory Notes by one year, from October 8, 2026 to October 8, 2027, be and is hereby approved, confirmed and ratified;

1.(b) Subject to the Stock Exchange approving the Extension, the Board be and is hereby granted a specific mandate to allot and issue new Shares of US$2.32 (subject to adjustments) each in the share capital of the Company upon exercise of the conversion rights attaching to the Ping An Overseas Holdings Convertible Promissory Notes in accordance with the terms and conditions of the Ping An Overseas Holdings Convertible Promissory Notes (as revised by the Extension);

1.(c) Any one of the Directors be and is hereby authorised for and on behalf of the Company to execute all such documents and agreements and do all such acts and things, including but without limitation to the execution of all such documents, as he/she may in his/her discretion consider necessary, expedient or desirable for the purpose of or in connection with the implementation of or giving effect to the Extension or the Amendment and Supplemental Agreement and all matters incidental thereto or in connection therewith.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners and others. In doing so, the Company has established relationships with over 85 financial institutions in China as funding partners, many of which have worked with the Company 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-poll-results-of-extraordinary-general-meeting-302902208.html

SOURCE Lufax Holding Ltd

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What maturity extension did Lufax shareholders approve for the Ping An Overseas Holdings notes?

Shareholders approved extending the outstanding notes’ maturity by one year, from October 8, 2026 to October 8, 2027.

What share issuance did Lufax shareholders authorize for conversion of the notes?

Shareholders granted the board a specific mandate to issue new shares at US$2.32 each, subject to adjustments, upon exercise of the notes’ conversion rights. The mandate is subject to Stock Exchange approval of the extension, and conversion must follow the notes’ terms as revised by the extension.