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Extraordinary General Meeting Announcement: Lufax Holding Ltd will hold an extraordinary general meeting for shareholders on September 30, 2025, in Shanghai to consider proposed resolutions.

Eligibility and Voting Instructions: Shareholders of record as of August 1, 2025, can attend the meeting, while American depositary shareholders can submit voting instructions through Citibank, N.A.

Resignation and Appointment: Mr. Weidong Li has resigned as an independent non-executive Director of Lufax due to personal work commitments, effective August 14, 2025. Ms. Wai Ping Tina Lee has been appointed as his replacement, bringing over 40 years of legal and banking experience.

Committee Changes: Following Mr. Li's resignation, Mr. Dicky Peter Yip has been appointed as the chairman of the Nomination and Remuneration Committee, while Ms. Lee will also serve as a member of both the Audit Committee and the Nomination and Remuneration Committee.

Lufax's Financial Challenges: Lufax has faced significant issues leading to the suspension of its Hong Kong shares due to questionable related-party transactions and the firing of its auditor PwC. The company is now working with Ernst & Young and Deloitte to improve its internal controls while deepening its financial ties with parent company Ping An Group.

Operational Shifts and Risks: Despite a decrease in total outstanding loans, Lufax is shifting focus towards consumer lending, anticipating growth from increased private consumption in China. However, this strategy raises concerns about credit risks and dependency on Ping An, which could jeopardize Lufax's independence and stability if their relationship falters.