Lufax Makes Further Announcement about Extraordinary General Meeting to be Held on April 12, 2023

Rhea-AI Summary

Lufax Holding Ltd (NYSE: LU) announced the adjournment of proposals 3, 4, and 5 for its upcoming extraordinary general meeting (EGM) scheduled for April 12, 2023. This decision was made after careful consideration by the board of directors and will be subject to further notice. The EGM is set to take place at 9:00 a.m. local time in Shanghai, China. Other matters regarding the EGM will remain unchanged as per the notice published on March 13, 2023. Lufax, a leading financial services provider in China, facilitates financing products tailored to small business owners, maintaining relationships with over 550 financial institutions to address their unmet needs.

Positive

• Lufax maintains relationships with over 550 financial institutions, enhancing its ability to provide financing to small businesses.
• The Company continues to position itself as a leading financial services enabler in China, catering to small business owners.

Negative

• The adjournment of proposals could indicate uncertainties in shareholder confidence or operational challenges facing the Company.

SHANGHAI, April 10, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that after careful consideration, the board of directors of the Company has approved to adjourn, subject to further notice, proposals 3, 4, and 5 that were set forth in its notice (the "Notice") for the upcoming extraordinary general meeting (the "EGM") to be held on April 12, 2023 (the "Adjournment of the Proposals"). The Notice had been published on the Company's website at https://ir.lufaxholding.com/ on March 13, 2023. All other matters that had been previously announced regarding EGM will remain the same. The Adjournment of the Proposals is subject to approval by at least a majority of the shareholders present, whether in person or by proxy, at the EGM.

As previously announced, the EGM will be held on April 12, 2023 at 9:00 a.m. (local time) at No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, the People's Republic of China.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers tailor-made financing products to small business owners and other high-quality borrowers to address their large unmet needs. In doing so, the Company has established relationships with over 550 financial institutions in China, many of which have worked with the Company for over three years. These financial institutions provide funding and credit enhancement for the loans the Company enables as well as other products to enrich the small business owner ecosystem that the Company is creating.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Lufax's beliefs and expectations, are forward-looking statements. Lufax has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release is as of the date of this press release, and Lufax does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations

Lufax Holding Ltd
Email: Investor_Relations@lu.com

ICR LLC
Robin Yang
Tel: +1 (646) 318-0546
Email: lufax.ir@icrinc.com

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SOURCE Lufax Holding Ltd

FAQ

What proposals were adjourned by Lufax for the EGM on April 12, 2023?

Proposals 3, 4, and 5 were adjourned by Lufax for the EGM.

When is Lufax's extraordinary general meeting?

Lufax's extraordinary general meeting is scheduled for April 12, 2023, at 9:00 a.m. local time.

Where will Lufax's extraordinary general meeting be held?

The extraordinary general meeting will be held at No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, China.

What is the significance of the adjournment for Lufax's shareholders?

The adjournment may reflect uncertainties in proposals, potentially affecting shareholder confidence.

How does Lufax support small business owners in China?

Lufax provides tailor-made financing products to small business owners, addressing their unmet financial needs.