Core Viewpoint - Lufax Holdings is addressing market concerns by proposing to replace its auditor from PwC to EY, aiming to enhance governance and demonstrate resilience and growth potential in its core business [1][3]. Group 1: Transparency and Trust - The company has responded efficiently and transparently to market doubts following the dismissal of PwC, conducting an independent investigation into transactions from 2022 to 2024 [3]. - The investigation clarified that while there were accounting issues, there was no malicious intent or misconduct from management, effectively alleviating investor uncertainties [3]. - Following the announcement, Lufax's stock price rose by 1.97%, with an 18.32% increase since the previous announcement on April 24, reflecting investor confidence in the company's actions [3]. Group 2: Governance Enhancements - Lufax is using the audit issue as an opportunity to strengthen its governance structure, including a board reorganization with the appointment of Mr. Yediqi as the independent non-executive director and chairman [5]. - The establishment of an "Internal Control Enhancement Committee" at the board level and an "Internal Control Enhancement Executive Committee" at the management level aims to improve internal monitoring and procedures [5]. - These governance improvements not only meet the requirements for resuming trading but also create a robust governance framework that supports long-term stability [5]. Group 3: Business Recovery and Growth - Lufax's core business is showing signs of recovery, with new loans reaching 57.3 billion yuan in Q1 2025, a year-on-year increase of 19.1% [5]. - The company's business structure is improving, with the proportion of new loans in consumer finance rising from 38% in Q4 2024 to 53% [5]. - Asset quality has also improved, with a decline in overdue rates for non-consumer loans and a stable non-performing loan rate of 1.2% in consumer finance [5]. Group 4: Future Outlook - With strengthened governance and a recovering core business, Lufax is positioned to lead the Chinese fintech industry towards high-quality development [8]. - The company's ability to transform crises into opportunities for governance upgrades is a testament to its commitment to investors and long-term growth [7].
陆金所控股(LU.US/06623.HK)公告召开股东大会审议更换审计师，市场以涨回应