Lufax Announces Results of Extraordinary General Meeting

Rhea-AI Summary

Lufax Holding (NYSE: LU), a leading Chinese financial services enabler, held its extraordinary general meeting on June 25, 2025 in Shanghai. Shareholders approved two key resolutions: the removal of PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as company auditors, and the appointment of Ernst & Young and Ernst & Young Hua Ming LLP as their replacements until the annual general meeting for the year ending December 31, 2025.

Positive

• None.

Negative

• Sudden change in auditors could raise concerns about financial reporting or internal controls
• Potential disruption in audit processes during the transition period

SHANGHAI, June 25, 2025 /PRNewswire/ -- Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced the results of its extraordinary general meeting of shareholders held in Shanghai on June 25, 2025.

At the meeting, the shareholders of Lufax approved, ratified and/or confirmed the following resolutions:

1. To remove PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as the auditors of the Company.
2. Conditional upon the passing of the resolution 1 above, to appoint Ernst & Young and Ernst & Young Hua Ming LLP as the auditors of the Company to fill the vacancies and to re-appoint them as the auditors of the Company to hold office until the annual general meeting for the year ending December 31, 2025, and to authorise the Board to fix their remuneration.

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 

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SOURCE Lufax Holding Ltd

FAQ

Why did Lufax Holding (LU) change its auditors in 2025?

The press release does not specify the reason for changing auditors from PricewaterhouseCoopers to Ernst & Young. The change was approved by shareholders at the extraordinary general meeting.

Who are the new auditors for Lufax (LU)?

Ernst & Young and Ernst & Young Hua Ming LLP were appointed as the new auditors of Lufax, replacing PricewaterhouseCoopers.

When will Ernst & Young's term as Lufax's auditor end?

Ernst & Young's term as Lufax's auditor will continue until the annual general meeting for the year ending December 31, 2025.

What resolutions were passed at Lufax's extraordinary general meeting in June 2025?

Shareholders approved two resolutions: 1) removing PricewaterhouseCoopers as auditors and 2) appointing Ernst & Young as the new auditors until the end of 2025.