Lufax Holding (LU) Announces Changes in Senior Management and Directors

Management Changes - Lufax Holding Ltd announced that CEO Yong Suk Cho will step down on March 31, 2026, due to family and personal reasons, and will be replaced by Xiang Ji, the current Co-CEO, who will also serve as an Executive Director of the Board starting April 1, 2026 [1] - Non-executive Directors Yonglin Xie and Xin Fu resigned on February 17, 2026, and were replaced by Fangfang Cai and Peifeng Li on February 18, 2026 [2] - The company characterized these changes as a routine management refresh aimed at bringing fresh perspectives while ensuring stability, with all departing members confirming agreement with the board and having no issues to raise with shareholders [2] Company Overview - Lufax Holding Ltd is a Chinese holding company primarily providing financial services to small and micro-sized businesses through its subsidiaries [3]