1. Lufax will hold an extraordinary general meeting on June 25, 2025. 2. Shareholders of record as of May 9, 2025, can attend the meeting. 3. The EGM will consider and potentially pass proposed resolutions. 4. Lufax is a major financial services provider for small businesses in China. 5. Lufax partners with 85 financial institutions for its services.
The announcement of the EGM may provide stability but not significant positive driver as shareholder voting specifics are unclear. Historical instance: similar announcements generally do not drastically affect stock prices.
While the EGM indicates corporate governance activity, it lacks specific catalysts to impact LU’s price positively or negatively in the near term.
EGM announcements often have a limited temporal impact unless critical decisions are disclosed or enacted. Past EGM results show muted market reaction if no substantial changes are expected.
/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") at 10:00 A.M. Hong Kong time on June 25, 2025 at Room 3601, No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, the People's Republic of China, for the purposes of considering and, if thought fit, passing each of the proposed resolutions set forth in the EGM notice. The EGM notice, the EGM circular, and the form of proxy for the EGM are 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 May 9, 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 May 9, 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.
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.
Lufax Holding Ltd
Email: info@lufaxholding.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: ryang@icrinc.com
SOURCE Lufax Holding Ltd