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Lufax Holding Ltd has fulfilled all resumption guidance requirements issued by The Stock Exchange of Hong Kong Limited…
LULufax Holding Ltd
Lufax Holding Ltd has fulfilled all resumption guidance requirements issued by The Stock Exchange of Hong Kong Limited following a trading suspension that began on January 28, 2025. Trading is set to resume at 9:00 a.m. on September 24, 2026. The company completed an independent forensic investigation into subject transactions, loan transactions totaling RMB3.84 billion extended to DeCheng Investment, and hospitality expenses of approximately RMB77.9 million. Remedial actions included restating financial statements for 2022 and 2023, changing auditors, optimizing the board structure to include five independent non-executive directors, and implementing internal control enhancements confirmed by Deloitte Consulting. Ping An Group reaffirmed its commitment to non-interference in Lufax's governance. The group reported total income of approximately RMB27.1 billion for the year ended December 31, 2025, and maintained total assets of approximately RMB202.7 billion as at June 30, 2026. Lufax Holding Ltd operates in the financial services industry, providing retail credit enablement and consumer finance solutions.