Lufax Holding (LU) Nears 52-Week High on ‘Extraordinary’ Shareholder Meeting

Group 1 - Lufax Holding Ltd (NYSE:LU) experienced a significant increase of 13.09% on a recent Monday, approaching a new 52-week high as investors showed strong interest ahead of an important general meeting scheduled for September 30 [1] - The company announced a shareholder meeting to be held at 2 PM Hong Kong time on September 30, which corresponds to 2 AM Eastern Time on the same date [2] - Lufax Holding is recognized as a leading financial service provider for small business owners in China, offering financing products tailored to their needs [3] Group 2 - Recently, Lufax made changes to its Board of Directors, following the resignation of Weidong Li, who was an independent non-executive director and chairman of the nomination and remuneration committee; the resignation was clarified to not be due to any disputes with the company [4] - Weidong Li was succeeded by Wai Ping Tina Lee, who brings over 40 years of experience in legal and banking sectors from prominent financial institutions and law firms [5]