Lufax (NYSE: LU) files 2024 20-F and details CEO and board changes
Rhea-AI Filing Summary
Lufax Holding Ltd furnished a report highlighting two main updates. The company filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission within the extension period granted by the New York Stock Exchange. The report is available on Lufax’s investor relations website, and shareholders and ADS holders can request free hard copies.
The company also announced leadership changes. Chief Executive Officer and executive Director Yong Suk Cho will step down when his contract expires on March 31, 2026, due to family and personal considerations. Co-Chief Executive Officer Xiang Ji will become Chief Executive Officer and an executive Director effective April 1, 2026, with Mr. Cho supporting a smooth transition. Non-executive Directors Yonglin Xie and Xin Fu resigned effective February 17, 2026, and Fangfang Cai and Peifeng Li were appointed as new non-executive Directors effective February 18, 2026.
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Insights
Lufax files its 2024 20-F and sets up an orderly CEO and board transition.
Lufax Holding Ltd has brought its U.S. reporting current by filing the Form 20-F for the year ended December 31, 2024 within a New York Stock Exchange extension period. This keeps the company aligned with U.S. listing requirements and maintains access to U.S. capital markets.
On governance, the company disclosed a planned CEO transition: Yong Suk Cho will leave as Chief Executive Officer and executive Director when his contract ends on March 31, 2026, citing family and personal considerations. Co-Chief Executive Officer Xiang Ji will assume the CEO role and join the Board as an executive Director effective April 1, 2026, which suggests continuity from an internal candidate.
The Board refresh includes the resignations of non-executive Directors Yonglin Xie and Xin Fu on February 17, 2026 and the appointments of Fangfang Cai and Peifeng Li as non-executive Directors effective February 18, 2026. The departing directors stated they have no disagreements with the Board. Future company disclosures will show how the new leadership influences strategy and oversight.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number 001-39654
Lufax Holding Ltd
(Registrant’s name)
Building No. 6
Lane 2777, Jinxiu East Road
Pudong New District, Shanghai
People’s Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Lufax Holding Ltd | ||
| By: | /s/ Tongzhuan Xi | |
| Name: | Tongzhuan Xi | |
| Title: | Chief Financial Officer | |
Date: February 17, 2026
Exhibit Index
| Exhibit 99.1 | — |
Announcement with The Stock Exchange of Hong Kong Limited—Major Transactions and Discloseable Transactions in Relation to the Subscription of Wealth Management Products | ||
| Exhibit 99.2 | — |
Press Release—Lufax Announces Filing of Its Annual Report on Form 20-F | ||
| Exhibit 99.3 | — |
2024 Hong Kong Annual Report | ||
| Exhibit 99.4 | — |
2024 Environmental, Social and Governance Report | ||
| Exhibit 99.5 | — |
Announcement with The Stock Exchange of Hong Kong Limited—Annual Results Announcement for the Year Ended December 31, 2024 | ||
| Exhibit 99.6 | — |
Announcement with The Stock Exchange of Hong Kong Limited—(1) Restatement of Previous Financial Information; (2) Historical Connected Transactions | ||
| Exhibit 99.7 | — |
Press Release—Lufax Announces Changes of Directors and Senior Management | ||
| Exhibit 99.8 | — |
Announcement with The Stock Exchange of Hong Kong Limited—Change of Directors and Senior Management | ||
Exhibit 99.2
Lufax Announces Filing of Its Annual Report on Form 20-F
SHANGHAI, Feb. 17, 2026 /PRNewswire/ – Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission on February 17, 2026. The filing was made within the extension period granted by the New York Stock Exchange (the “NYSE”). The Annual Report can be accessed on the Company’s investor relations website at https://ir.lufaxholding.com.
The Company will provide a hard copy of its Annual Report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
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
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Exhibit 99.7
Lufax Announces Changes of Directors and Senior Management
SHANGHAI, Feb. 17, 2026 /PRNewswire/ – Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced leadership transitions and new appointments to its Board of Directors and senior management.
Mr. Yong Suk Cho (“Mr. Cho”) will step down as Chief Executive Officer and resign from his position as executive Director of the Board upon the expiration of his contract on March 31, 2026, due to family and personal considerations. The Board has appointed Mr. Xiang Ji (“Mr. Ji”), currently the Co-Chief Executive Officer of the Company, as Chief Executive Officer and as an executive Director of the Board, effective April 1, 2026. Mr. Cho will support Mr. Ji in ensuring a smooth transition and handover.
Mr. Yonglin Xie (“Mr. Xie”) and Ms. Xin Fu (“Ms. Fu”) will resign from their positions as non-executive Directors of the Board effective February 17, 2026. The Board has appointed Ms. Fangfang Cai (“Ms. Cai”) and Mr. Peifeng Li (“Mr. Li”) as new non-executive Directors, effective February 18, 2026.
Mr. Cho, Mr. Xie and Ms. Fu have each confirmed they have no disagreement with the Board and there is no matter that needs to be brought to the attention of the Shareholders. The Company extends its sincere appreciation to Mr. Cho, Mr. Xie and Mr. Fu for their significant contributions during their respective tenures. The Board would like to express its warmest welcome to Ms. Cai, Mr. Li and Mr. Ji on their respective appointment.
Ms. Fangfang Cai, aged 52, is an executive director of Ping An Group since July 2014. She joined the Ping An Group since 2007 and currently acts as non-executive director of a number of controlled subsidiaries within Ping An Group, including Ping An Life Insurance Company of China, Ltd., Ping An Property & Casualty, Ping An Bank Co., Ltd. and Ping An Healthcare and Technology Co., Ltd.. Ms. Cai successively held the positions of a Vice General Manager and the General Manager of the Remuneration Planning and Management Department of the Human Resources Center of Ping An Group from October 2009 to February 2012, and served as the Vice Chief Financial Officer and General Manager of the Planning Department of Ping An Group from February 2012 to September 2013, the Vice Chief Human Resources Officer of Ping An Group from September 2013 to March 2015, and the Chief Human Resources Officer of Ping An Group from March 2015 to April 2023. Prior to joining Ping An Group, Ms. Cai served as the consulting director of Watson Wyatt Consultancy (Shanghai) Ltd. and the audit director on the financial industry of British Standards Institution Management Systems Certification Co., Ltd. Ms. Cai obtained a master’s degree in accounting from the University of New South Wales, Australia.
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Mr. Peifeng Li, aged 52, has been the general manager of the finance department of Ping An Group since February 2023. Prior to that, Mr. Li has held various senior management positions in the Ping An Group, including the general manager of the treasury department of Ping An Group from November 2021 to February 2023, the general manager of finance department of Ping An Real Estate Co., Ltd. from April 2015 to October 2021, the general manager of finance department of Ping An Trust Co., Ltd. from May 2009 to April 2015 and the assistant to the general manager of finance department and vice general manager of finance department of Ping An Group from June 2006 to April 2009. Mr. Li obtained a master’s degree in economics from Southwestern University of Finance and Economics in June 1998. Mr. Li has been a PRC certified accountant since August 1998.
Mr. Ji, aged 43, possesses close to 20 years of cross-industry work experience in retail credit, risk management and investment management. Mr. Ji has held senior management positions in several subsidiaries of the Group, including the chairman and legal representative of Ping An Rongyi (Jiangsu) Financing Guarantee Co., Ltd., and Jinjiong (Shenzhen) Technology Service Co., Ltd. since January 2026 and December 2025, respectively. Mr. Ji served at McKinsey & Consulting Company Inc. from February 2014 to September 2025, with his last position as Global Managing Partner overseeing Asia Retail Banking Business. From September 2007 to December 2012, Mr. Ji provided post-investment service and project management service to various institutions in the United Kingdom. Mr. Ji obtained a master’s degree in business management from INSEAD in December 2013, a master’s degree in telecommunication engineering from Politecnico Di Torino in June 2007, and a bachelor’s degree in communication engineering from Beijing Information Science and Technology University in June 2005.
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
2
FAQ
What did Lufax Holding Ltd (LU) file with the SEC in February 2026?
When will Lufax’s CEO transition from Yong Suk Cho to Xiang Ji take effect?
Why is Lufax CEO Yong Suk Cho leaving his role at the company?
What board changes did Lufax Holding Ltd (LU) announce in this report?
How can Lufax shareholders obtain a copy of the 2024 Form 20-F Annual Report?
What other documents did Lufax furnish alongside its Form 6-K filing?
Filing Exhibits & Attachments
8 documents