{"success":true,"data":{"pressRelease":{"id":"156436","rtpr_id":"nPn31ynVTa-20260930","ticker":"LU","exchange":"NYSE","all_tickers":["LU"],"title":"Lufax Holding Ltd Announces Plan to Implement ADS Ratio Change","author":"PR Newswire","published_at":"2026-09-30T11:00:00.252Z","article_body":"Lufax Holding Ltd Announces Plan to Implement ADS Ratio Change\nPR Newswire\n\nSHANGHAI, Sept. 30, 2026\n\nSHANGHAI, Sept. 30, 2026 /PRNewswire/ -- Lufax Holding Ltd (\"Lufax\" or the\n\"Company\") (NYSE: LU and HKEX: 6623), a leading financial services enabler for\nsmall business owners in China, today announced that it plans to change the\nratio of its American Depositary Shares (\"ADSs\") to its ordinary shares (the\n\"ADS Ratio\"), par value US$0.00001 per share, from the current ADS Ratio of\none (1) ADS to two (2) ordinary shares to a new ADS Ratio of one (1) ADS to\ntwenty (20) ordinary shares. The Company anticipates that the change in the\nADS Ratio will be effective on or about October 23, 2026 (the \"Effective\nDate\").\n\nFor Lufax's ADS holders, the change in the ADS Ratio will have the same effect\nas a one-for-ten reverse ADS split. On the Effective Date, (i) registered\nholders of ADSs held in certificated form will be required to surrender their\ncertificated ADSs to Citibank, N.A., as the depositary bank for Lufax's ADS\nprogram (\"Depositary Bank\"), for mandatory cancellation and will receive one\n(1) new ADS in exchange for every ten (10) existing ADSs then held and (ii)\nholders of ADSs in the Direct Registration System (\"DRS\") and in the\nDepository Trust Company (\"DTC\") will have their ADSs automatically exchanged\nand need not take any action. The exchange of every ten (10) then-held\n(existing) ADSs for one (1) new ADS will occur automatically, at the Effective\nDate, with the then-held ADSs being cancelled and new ADSs being issued by the\nDepositary Bank.\n\nNo fractional new ADSs will be issued in connection with the change in the ADS\nRatio. Instead, fractional entitlements to new ADSs will be aggregated and\nsold by the Depositary Bank and the net cash proceeds from the sale of the\nfractional ADS entitlements (after deduction of fees, taxes and expenses) will\nbe distributed to the applicable ADS holders by the Depositary Bank.\n\nThe change in the ADS Ratio will have no impact on Lufax's underlying ordinary\nshares, and no ordinary shares will be issued or cancelled in connection with\nthe change in the ADS Ratio. Lufax's ADSs will continue to be traded on the\nNew York Stock Exchange under the symbol \"LU.\"\n\nAs a result of the change in the ADS Ratio, the ADS trading price is expected\nto increase proportionally, although the Company can give no assurance that\nthe ADS trading price after the change in the ADS Ratio will be equal to or\ngreater than ten times the ADS trading price before the change.\n\nAbout Lufax\n\nLufax is a leading financial services enabler for small business owners in\nChina. The Company offers financing products designed principally to address\nthe needs of small business owners and others. In doing so, the Company has\nestablished relationships with over 85 financial institutions in China as\nfunding partners, many of which have worked with the Company for over three\nyears.\n\nSafe Harbor Statement\n\nThis announcement contains forward-looking statements. These statements are\nmade under the \"safe harbor\" provisions of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements can\nbe identified by terminology such as \"will,\" \"expects,\" \"anticipates,\"\n\"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements.\nStatements that are not historical facts, including statements about Lufax's\nbeliefs and expectations, are forward-looking statements. Lufax has based\nthese forward-looking statements largely on its current expectations and\nprojections about future events and financial trends, which involve known or\nunknown risks, uncertainties and other factors, all of which are difficult to\npredict and many of which are beyond the Company's control. These\nforward-looking statements include, but are not limited to, statements about\nLufax's goals and strategies; Lufax's future business development, financial\ncondition and results of operations; expected changes in Lufax's income,\nexpenses or expenditures; expected growth of the retail credit enablement;\nLufax's expectations regarding demand for, and market acceptance of, its\nservices; Lufax's expectations regarding its relationship with borrowers,\nplatform investors, funding sources, product providers and other business\npartners; general economic and business conditions; and government policies\nand regulations relating to the industry Lufax operates in. Forward-looking\nstatements involve inherent risks and uncertainties. Further information\nregarding these and other risks is included in Lufax's filings with the U.S.\nSecurities and Exchange Commission. All information provided in this press\nrelease is as of the date of this press release, and Lufax does not undertake\nany obligation to update any forward-looking statement, except as required\nunder applicable law.\n\nInvestor Relations Contact\n\nLufax Holding Ltd\nEmail: Investor_Relations@lu.com (mailto:Investor_Relations@lu.com)\n\nICR, LLC\nRobin Yang\nTel: +1 (646) 308-0546\nEmail: lufax.ir@icrinc.com (mailto:lufax.ir@icrinc.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/lufax-holding-ltd-announces-plan-to-implement-ads-ratio-change-302894174.html\n(https://www.prnewswire.com/news-releases/lufax-holding-ltd-announces-plan-to-implement-ads-ratio-change-302894174.html)\n\nSOURCE Lufax Holding Ltd\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn31ynVTa-20260930","title":"Lufax Holding Ltd Announces Plan to Implement ADS Ratio Change","author":"PR Newswire","ticker":"LU","created":"2026-09-30T11:00:00.252Z","tickers":["LU"],"exchange":"NYSE","article_body":"Lufax Holding Ltd Announces Plan to Implement ADS Ratio Change\nPR Newswire\n\nSHANGHAI, Sept. 30, 2026\n\nSHANGHAI, Sept. 30, 2026 /PRNewswire/ -- Lufax Holding Ltd (\"Lufax\" or the\n\"Company\") (NYSE: LU and HKEX: 6623), a leading financial services enabler for\nsmall business owners in China, today announced that it plans to change the\nratio of its American Depositary Shares (\"ADSs\") to its ordinary shares (the\n\"ADS Ratio\"), par value US$0.00001 per share, from the current ADS Ratio of\none (1) ADS to two (2) ordinary shares to a new ADS Ratio of one (1) ADS to\ntwenty (20) ordinary shares. The Company anticipates that the change in the\nADS Ratio will be effective on or about October 23, 2026 (the \"Effective\nDate\").\n\nFor Lufax's ADS holders, the change in the ADS Ratio will have the same effect\nas a one-for-ten reverse ADS split. On the Effective Date, (i) registered\nholders of ADSs held in certificated form will be required to surrender their\ncertificated ADSs to Citibank, N.A., as the depositary bank for Lufax's ADS\nprogram (\"Depositary Bank\"), for mandatory cancellation and will receive one\n(1) new ADS in exchange for every ten (10) existing ADSs then held and (ii)\nholders of ADSs in the Direct Registration System (\"DRS\") and in the\nDepository Trust Company (\"DTC\") will have their ADSs automatically exchanged\nand need not take any action. The exchange of every ten (10) then-held\n(existing) ADSs for one (1) new ADS will occur automatically, at the Effective\nDate, with the then-held ADSs being cancelled and new ADSs being issued by the\nDepositary Bank.\n\nNo fractional new ADSs will be issued in connection with the change in the ADS\nRatio. Instead, fractional entitlements to new ADSs will be aggregated and\nsold by the Depositary Bank and the net cash proceeds from the sale of the\nfractional ADS entitlements (after deduction of fees, taxes and expenses) will\nbe distributed to the applicable ADS holders by the Depositary Bank.\n\nThe change in the ADS Ratio will have no impact on Lufax's underlying ordinary\nshares, and no ordinary shares will be issued or cancelled in connection with\nthe change in the ADS Ratio. Lufax's ADSs will continue to be traded on the\nNew York Stock Exchange under the symbol \"LU.\"\n\nAs a result of the change in the ADS Ratio, the ADS trading price is expected\nto increase proportionally, although the Company can give no assurance that\nthe ADS trading price after the change in the ADS Ratio will be equal to or\ngreater than ten times the ADS trading price before the change.\n\nAbout Lufax\n\nLufax is a leading financial services enabler for small business owners in\nChina. The Company offers financing products designed principally to address\nthe needs of small business owners and others. In doing so, the Company has\nestablished relationships with over 85 financial institutions in China as\nfunding partners, many of which have worked with the Company for over three\nyears.\n\nSafe Harbor Statement\n\nThis announcement contains forward-looking statements. These statements are\nmade under the \"safe harbor\" provisions of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements can\nbe identified by terminology such as \"will,\" \"expects,\" \"anticipates,\"\n\"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements.\nStatements that are not historical facts, including statements about Lufax's\nbeliefs and expectations, are forward-looking statements. Lufax has based\nthese forward-looking statements largely on its current expectations and\nprojections about future events and financial trends, which involve known or\nunknown risks, uncertainties and other factors, all of which are difficult to\npredict and many of which are beyond the Company's control. These\nforward-looking statements include, but are not limited to, statements about\nLufax's goals and strategies; Lufax's future business development, financial\ncondition and results of operations; expected changes in Lufax's income,\nexpenses or expenditures; expected growth of the retail credit enablement;\nLufax's expectations regarding demand for, and market acceptance of, its\nservices; Lufax's expectations regarding its relationship with borrowers,\nplatform investors, funding sources, product providers and other business\npartners; general economic and business conditions; and government policies\nand regulations relating to the industry Lufax operates in. Forward-looking\nstatements involve inherent risks and uncertainties. Further information\nregarding these and other risks is included in Lufax's filings with the U.S.\nSecurities and Exchange Commission. All information provided in this press\nrelease is as of the date of this press release, and Lufax does not undertake\nany obligation to update any forward-looking statement, except as required\nunder applicable law.\n\nInvestor Relations Contact\n\nLufax Holding Ltd\nEmail: Investor_Relations@lu.com (mailto:Investor_Relations@lu.com)\n\nICR, LLC\nRobin Yang\nTel: +1 (646) 308-0546\nEmail: lufax.ir@icrinc.com (mailto:lufax.ir@icrinc.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/lufax-holding-ltd-announces-plan-to-implement-ads-ratio-change-302894174.html\n(https://www.prnewswire.com/news-releases/lufax-holding-ltd-announces-plan-to-implement-ads-ratio-change-302894174.html)\n\nSOURCE Lufax Holding Ltd\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-30T11:00:00.604795647Z","server_sent_at_ms":1790766000604},"received_at":"2026-09-30T11:00:00.655Z","source_url":"https://www.prnewswire.com/news-releases/lufax-holding-ltd-announces-plan-to-implement-ads-ratio-change-302894174.html"},"analysis":{"id":"145142","press_release_id":"156436","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":["one-for-ten reverse ADS split — signals depressed ADS price and possible listing-compliance pressure","company explicitly cannot assure the post-change ADS price will equal ten times the pre-change price","fractional ADS entitlements will be cashed out, diluting small holders' positions"],"eventType":"reverse_split","narrative":"Lufax announced it will change its ADS ratio from one ADS per two ordinary shares to one ADS per twenty ordinary shares, effective on or about October 23, 2026.\n\nFor ADS holders the change is equivalent to a one-for-ten reverse ADS split; DRS and DTC holders will be exchanged automatically, while certificated holders must surrender certificates to Citibank, N.A.\n\nThe company said the ADS trading price should rise proportionally but gave no assurance it will reach ten times the prior level, and no ordinary shares will be issued or cancelled.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Lufax implements a 1-for-10 reverse ADS split via ratio change — watch for continued price pressure and listing-compliance implications."},"keyFigures":{"customDimensions":{"effective_date":"on or about October 23, 2026","reverse_split_ratio":"1-for-10 (ADS ratio changes from 1 ADS : 2 shares to 1 ADS : 20 shares)"}},"quotedText":"the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split","namedEntities":{"people":[{"name":"Robin Yang","role":"Investor Relations contact, ICR, LLC"}],"products":[],"companies":[{"name":"Lufax Holding Ltd","ticker":"LU","relationship":"filer"},{"name":"Citibank, N.A.","relationship":"depositary bank for ADS program"},{"name":"ICR, LLC","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"US$0.00001","context":"par value per ordinary share"}]},"materialImpact":{"score":4,"reasoning":"The ADS ratio change is economically a one-for-ten reverse ADS split (ratio of 1:10), which per the rubric warrants a score of 4. Such changes typically signal a low trading price and potential listing-compliance pressure, though the company states underlying ordinary shares are unaffected."},"tickerRelevance":{"others":[{"ticker":"6623.HK","relevance":"dual listing of the same issuer on HKEX"}],"primary":"LU"},"globalImportance":28,"audienceRelevance":35,"eventTypeSecondary":["other"],"importanceComponents":{"tickerTier":"mid-cap foreign dual-listed","eventGravity":"reverse ADS split (1:10)","eventGravityDetail":"mechanical share-structure change, no impact on underlying ordinary shares","retailFavoriteBoost":"moderate retail interest in China fintech names"}},"event_type":"reverse_split","event_type_secondary":["other"],"sentiment":"bearish","material_impact_score":4,"narrative":"Lufax announced it will change its ADS ratio from one ADS per two ordinary shares to one ADS per twenty ordinary shares, effective on or about October 23, 2026.\n\nFor ADS holders the change is equivalent to a one-for-ten reverse ADS split; DRS and DTC holders will be exchanged automatically, while certificated holders must surrender certificates to Citibank, N.A.\n\nThe company said the ADS trading price should rise proportionally but gave no assurance it will reach ten times the prior level, and no ordinary shares will be issued or cancelled.","key_figures":{"customDimensions":{"effective_date":"on or about October 23, 2026","reverse_split_ratio":"1-for-10 (ADS ratio changes from 1 ADS : 2 shares to 1 ADS : 20 shares)"}},"named_entities":{"people":[{"name":"Robin Yang","role":"Investor Relations contact, ICR, LLC"}],"products":[],"companies":[{"name":"Lufax Holding Ltd","ticker":"LU","relationship":"filer"},{"name":"Citibank, N.A.","relationship":"depositary bank for ADS program"},{"name":"ICR, LLC","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"US$0.00001","context":"par value per ordinary share"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T11:00:10.049Z","global_importance":28,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap foreign dual-listed","eventGravity":"reverse ADS split (1:10)","eventGravityDetail":"mechanical share-structure change, no impact on underlying ordinary shares","retailFavoriteBoost":"moderate retail interest in China fintech names"}},"durationMs":9338,"modelName":"glm-5.3-flashx"}}