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Lufax plans one-for-ten reverse ADS split effective Oct. 23, raising price per share
LULufax Holding Ltd
Lufax Holding Ltd announced a change to its American Depositary Share (ADS) ratio from one ADS for two ordinary shares to one ADS for twenty ordinary shares. This adjustment functions as a one-for-ten reverse ADS split and is expected to be effective on or about October 23, 2026. Existing ADS holders will have their holdings automatically exchanged by the depositary bank without taking action. The change does not affect the underlying ordinary shares or the company's capital structure. Lufax operates as a leading financial services enabler for small business owners in China.