Recent Updates — LU

Lufax Holding Ltd reported a third-quarter net loss of RMB1,494 million (US$223 million), widening from RMB380 million in the prior-year period. Total income declined 4.6% to RMB6,180 million as technology platform and guarantee fees fell sharply. Credit impairment losses rose 10.3% to RMB4,511 million, driven by increased actual loan losses and provisions. Operating expenses excluding credit costs dropped 13.4% year over year due to cost discipline. New loans enabled grew 2.5% to RMB58.3 billion, supported by a 25.2% surge in consumer finance lending. The company operates as a financial services enabler for small business owners in China.

Lufax Holding Ltd announced it will release its third quarter 2026 financial results after the market close on Tuesday, October 27, 2026. Management will host an earnings conference call at 9:00 P.M. U.S. Eastern Time to discuss the results. Lufax is a leading financial services enabler for small business owners in China.

Lufax Holding Ltd expects a third-quarter net loss between RMB1,300 million and RMB1,700 million for the period ended September 30, 2026. The widening loss is attributed to increased credit impairment charges, additional tax expenses from deferred tax asset reductions, and funding plan adjustments following the maturity of convertible notes. Concurrently, the company appointed Ms. Jia Liu as Chief Financial Officer effective October 16, 2026. Lufax operates in the financial services sector, providing financing products to small business owners in China.

Shareholders at an extraordinary general meeting approved a one-year extension of the maturity date for outstanding Ping An Overseas Holdings Convertible Promissory Notes from October 8, 2026, to October 8, 2027. The Board received a mandate to issue new shares upon conversion exercise, subject to Stock Exchange approval. Lufax is a leading financial services enabler for small business owners in China.