Group 1: Management Changes - The board of directors of the company has proposed the appointment of Mr. Ji Xiang as Co-CEO and Mr. Wu Tao as Executive Vice President and Chief Marketing Officer [1][2] - Mr. Ji Xiang has nearly 20 years of cross-industry experience in retail credit, risk management, and investment management, previously serving as a global partner at McKinsey & Company [1] - Mr. Wu Tao has over 30 years of experience in property insurance, automotive services, and the internet, previously holding executive positions at AutoHome and Ping An Property & Casualty Insurance [2] Group 2: Upcoming Events - The company will hold a special shareholders' meeting on December 29, 2025, with the record date for shares set for November 17, 2025 [2] Group 3: Financial Performance - In the third quarter, the company reported a total new loan amount of 56.9 billion RMB, representing a year-on-year increase of 13%, with consumer finance loans increasing by 20.1% to 31.7 billion RMB [3] - As of September 30, the cumulative number of borrowers increased by 15.3% year-on-year to approximately 28.5 million [3]

Core Viewpoint - Lufax Holding (06623.HK; LU.N) is undergoing significant management changes amid ongoing audit issues and delayed financial reporting, which raises concerns about its operational stability and governance [3][4]. Management Changes - Lufax appointed Ji Xiang as co-CEO and Wu Tao as Executive Vice President and Chief Marketing Officer, effective immediately [3]. - Ji Xiang, aged 43, previously worked at McKinsey for over ten years, most recently as a global partner overseeing retail banking in Asia, with an annual salary of RMB 3.3 million [3]. - Wu Tao has over 20 years of experience within the Ping An system and has held various senior roles, including CEO of Autohome [3]. Audit and Financial Reporting Issues - Lufax is facing audit troubles, having parted ways with its former auditors due to suspected related-party transactions, which were confirmed but not properly accounted for [4][5]. - The company has appointed Ernst & Young as its new auditor to reassess financial statements for 2022 and 2023, and to complete audits for 2024 and 2025 [5]. - Lufax has requested an extension until April 30, 2026, to submit its 2024 20-F form to the NYSE, indicating delays in financial reporting [5]. Financial Performance - As of September 30, 2025, Lufax reported a total outstanding loan balance of RMB 189.6 billion, a year-on-year decrease of 11.0% [6]. - The retail credit empowerment business revenue rate was 13.0%, an increase of 3.3 percentage points year-on-year [6]. - The overdue rate for loans exceeding 30 days was 5.1% as of September 30, 2025, up from 4.6% as of June 30, 2025 [6].

Group 1: Management Changes - Lufax Holdings has appointed Ji Xiang as co-CEO and Wu Tao as Executive Vice President and Chief Marketing Officer, effective immediately [1] - Ji Xiang, aged 43, previously worked at McKinsey for over ten years, serving as a global partner overseeing retail banking in Asia, with an initial three-year term and an annual salary of RMB 3.3 million [1] - Wu Tao has over 20 years of experience within the Ping An system and has held various senior positions, including CEO of Autohome [1] Group 2: Audit and Financial Reporting Issues - Lufax Holdings is currently facing audit issues and delays in financial reporting, having parted ways with its former auditors due to suspected related party transactions [2] - The company has appointed Ernst & Young as its new auditor to review financial statements for 2022 and 2023, and has requested an extension until April 30, 2026, for submitting its 2024 20-F form [3] - As of September 30, 2025, the total outstanding loan balance was RMB 189.6 billion, a year-on-year decrease of 11.0%, with a retail credit empowerment business income rate of 13.0%, up 3.3 percentage points year-on-year [3]

Core Viewpoint - The announcement from the company details the appointment of new senior management personnel and the schedule for a special shareholders' meeting, indicating a strategic shift in leadership aimed at enhancing operational efficiency and growth in financial services [1][2]. Group 1: Management Appointments - The board proposes the appointment of Mr. Ji Xiang as Co-CEO and Mr. Wu Tao as Executive Vice President and Chief Marketing Officer [1][2]. - Mr. Ji Xiang, aged 43, has nearly 20 years of cross-industry experience in retail credit, risk management, and investment management, previously serving as a global partner at McKinsey & Company [1]. - Mr. Wu Tao, aged 52, brings over 30 years of experience in property insurance, automotive services, and the internet, having held various leadership roles at AutoHome and Ping An Insurance [2]. Group 2: Upcoming Shareholders' Meeting - The company will hold a special shareholders' meeting on December 29, 2025, with a record date for shares set at the end of business on November 17, 2025 [2]. Group 3: Company Performance - The company reported a total of 56.9 billion RMB in new loans for the third quarter, representing a year-on-year increase of 13%, with consumer finance loans increasing by 20.1% to 31.7 billion RMB [3]. - As of September 30, the cumulative number of borrowers increased by 15.3% year-on-year to approximately 28.5 million [3].

Core Viewpoint - The company has appointed new executives, including a co-CEO and a Chief Marketing Officer, effective immediately [1] Group 1 - The company has accepted the recommendations from the Board of Directors and the Compensation Committee [1] - Ji Xiang has been appointed as the co-CEO of the company [1] - Wu Tao has been appointed as the Executive Vice President and Chief Marketing Officer of the company [1]

Core Viewpoint - The company has appointed new executives, including a co-CEO and a Chief Marketing Officer, effective immediately [1] Group 1 - The board of directors has accepted the recommendations from the nomination and remuneration committee [1] - The company has appointed Ji Xiang as the co-CEO [1] - Wu Tao has been appointed as the Executive Vice President and Chief Marketing Officer [1]

Core Insights - Lufax Holding Ltd has appointed Mr. Xiang Ji as Co-Chief Executive Officer and Mr. Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately [1][4]. Leadership Appointments - Mr. Xiang Ji, aged 43, has nearly 20 years of experience in retail credit, risk management, and investment management, previously serving as Global Managing Partner at McKinsey & Company overseeing Asia Retail Banking Business [2]. - Mr. Tao Wu, aged 52, brings over 30 years of experience in financial insurance, automobile service, and internet industries, having held various leadership roles at Autohome and Ping An Property & Casualty Insurance [3]. Company Overview - Lufax is recognized as a leading financial services enabler for small business owners in China, offering financing products tailored to their needs and maintaining relationships with 85 financial institutions as funding partners [5].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Lufax Holding Ltd 陸金所控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6623） （紐交所股票代碼：LU） (1)股東特別大會記錄日期 (2)委任高級管理層人員 股東特別大會記錄日期 茲提述陸金所控股有限公司（「本公司」，連同其子公司及併表聯屬實體統稱為「本 集團」）日期為2023年4月11日的上市文件中「關連交易」一節，內容有關本公司與 中國平安保險（集團）股份有限公司（「平安集團」）及其子公司及聯營公司所訂立的 持續關聯交易。由於上述持續關連交易的框架協議（「該等框架協議」）將於2025年 12月31日屆滿，故本公司擬重續該等框架協議。部分該等框架協議的重續須經本 公司股東（「股東」）批准。本公司董事（「董事」）會（「董事會」）宣佈，將於2025年 12月29日（星期一）召開本公司股東特別大會（「股東大會」）。為釐定股東出席股 東大會並於會上投票的權利， ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：6623） （紐交所股票代碼：LU） 內幕消息 紐交所批准陸控延期提交2024年20-F表格年度報告 本公告乃由陸金所控股有限公司（「本公司」，或「陸控」）根據《香港聯合交易所有 限公司證券上市規則》（「上市規則」）第13.09條及《證券及期貨條例》（香港法例第 571章）第XIVA部項下的內幕消息條文（定義見上市規則）作出。 Lufax Holding Ltd 陸金所控股有限公司 （於開曼群島註冊成立的有限公司） 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 陸金所控股有限公司 董事長 葉迪奇 香港，2025年10月30日 截至本公告日期，董事會包括執行董事趙容奭先生及席通專先生，非執行董事謝 永林先生、付欣女士及郭世邦先生，以及獨立非執行董事葉迪奇先生、楊如生先 生、李祥林先生及李蕙萍女士。 2 茲提述本公司日期為2025年5月13日的公告（「該公告」），內容有關本 ...

Group 1 - Lufax Holding Ltd (NYSE:LU) experienced a significant decline of 9.97% on Tuesday, closing at $2.98 per share, attributed to key leadership changes within the company [1][2]. - The company's chief risk officer, Youn Jeong Lim, resigned immediately due to personal work arrangements, and Jianbo Cheng has been appointed as her replacement [2][3]. - Executive changes, particularly immediate resignations without clear explanations, typically lead to a drop in share prices for listed companies [3]. Group 2 - Despite the recent decline, there is potential for Lufax as an investment, although some analysts believe that certain AI stocks may offer better returns with lower risk [4].