Lufax Names Xiang Ji as Co-CEO
New Appointments: Lufax Holding has appointed Xiang Ji as Co-CEO and Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately.
Xiang Ji's Background: Xiang Ji brings nearly 20 years of experience in retail credit, risk management, and investment management, previously serving as Global Managing Partner at McKinsey & Company for Asia Retail Banking.
Tao Wu's Experience: Tao Wu has over 30 years of experience across financial insurance, automobile service, and internet industries.
Educational Qualifications: Xiang Ji holds multiple degrees, including a master's in business management from INSEAD and a master's in telecommunication engineering from Politecnico Di Torino.
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Lufax Secures Approval for Key Resolutions at Extraordinary Shareholder Meeting
- Shareholder Meeting Outcome: Lufax held an extraordinary shareholder meeting in Shanghai on December 29, 2025, where several ordinary resolutions were successfully adopted, reflecting shareholder confidence and support for the company's future direction.
- Financing Product Innovation: Lufax focuses on providing financing products for small business owners in China and has established partnerships with 85 financial institutions, many of which have collaborated with Lufax for over three years, enhancing the company's competitive edge in the market.
- Market Positioning Strengthened: By deepening cooperation with multiple financial institutions, Lufax not only meets the financing needs of small business owners but also further solidifies its leadership position in China's financial services market.
- Strategic Collaboration Deepening: The approval of resolutions at this shareholder meeting marks a significant step for Lufax in advancing strategic collaborations with financial institutions, laying a solid foundation for future business expansion.
Lufax Secures Shareholder Approval for 2026 Framework Agreements
- Shareholder Meeting Outcome: Lufax held an extraordinary general meeting on December 29, 2025, in Shanghai, successfully approving the 2026 Services and Products Purchasing Framework Agreement, which signifies the company's commitment to expanding its financial service capabilities in the coming year.
- Annual Cap Confirmation: The meeting ratified the 2026 Financial Services Framework Agreement and its transactions, ensuring financial stability and business continuity for the company in the upcoming year, thereby strengthening trust with its partners.
- Strategic Collaboration Agreement: The approval of the collaboration agreement with Ping An Consumer Finance is expected to enhance Lufax's market share in small business financing, driving business growth.
- Execution Authorization: The meeting authorized executive directors to sign relevant documents, ensuring smooth implementation of the agreements, which not only improves decision-making efficiency but also lays a solid foundation for future business expansion.
Lufax Announces New Senior Management Hire
New Executive Appointments: Lufax Holding Ltd has appointed Mr. Xiang Ji as Co-Chief Executive Officer and Mr. Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately.
Background of Mr. Xiang Ji: Mr. Ji brings nearly 20 years of experience in retail credit, risk management, and investment management, previously serving as Global Managing Partner at McKinsey & Company.
Background of Mr. Tao Wu: Mr. Wu has over 30 years of experience in financial insurance and internet industries, having held various leadership roles at Autohome and Ping An Property & Casualty Insurance Company.
Company Overview: Lufax is a prominent financial services provider for small business owners in China, offering tailored financing products and maintaining partnerships with 85 financial institutions.
Lufax Announces Extraordinary General Meeting on December 29, 2025
Extraordinary General Meeting Announcement: Lufax Holding Ltd will hold an extraordinary general meeting (EGM) on December 29, 2025, to seek shareholder approval for the renewal of framework agreements related to ongoing transactions with Ping An Insurance and its affiliates.
Voting Eligibility and Instructions: Shareholders of record as of November 17, 2025, are entitled to attend the EGM, and American depositary share holders can submit voting instructions to Citibank, N.A. for their underlying ordinary shares.
Current Agreements Expiration: The existing framework agreements governing the connected transactions will expire on December 31, 2025, necessitating the renewal process.
Company Overview: Lufax is a prominent financial services provider for small business owners in China, collaborating with 85 financial institutions to offer tailored financing products.
Lufax Granted Extension by NYSE for Filling the 2024 Annual Report on Form 20-F
Extension Granted: Lufax Holding Ltd has received an extension from the NYSE until April 30, 2026, to file its annual report on Form 20-F for the fiscal year ended December 31, 2024, due to delays related to a change in auditors.
Compliance Efforts: The company is working with its newly appointed auditors, Ernst & Young, to finalize the report and aims to regain compliance with NYSE listing standards to avoid suspension or delisting.
Lufax Announces Change in Chief Risk Officer
Resignation of Chief Risk Officer: Ms. Youn Jeong Lim has resigned as Chief Risk Officer of Lufax Holding Ltd due to personal work arrangements, effective immediately as the service agreement is set to expire.
Appointment of New Chief Risk Officer: Mr. Jianbo Cheng has been appointed as the new Chief Risk Officer, effective October 24, 2025, following his previous role as Chief Risk Expert at the company.
Background of Mr. Cheng: Mr. Cheng, aged 43, has extensive experience in risk management, having held various senior positions at companies such as Pudao Credit Co., Ltd. and Jingdong Digits Technology Holding Co., Ltd.
About Lufax: Lufax is a prominent financial services provider in China, focusing on financing products for small business owners and maintaining partnerships with 85 financial institutions.
Lufax Secures Approval for Key Resolutions at Extraordinary Shareholder Meeting
- Shareholder Meeting Outcome: Lufax held an extraordinary shareholder meeting in Shanghai on December 29, 2025, where several ordinary resolutions were successfully adopted, reflecting shareholder confidence and support for the company's future direction.
- Financing Product Innovation: Lufax focuses on providing financing products for small business owners in China and has established partnerships with 85 financial institutions, many of which have collaborated with Lufax for over three years, enhancing the company's competitive edge in the market.
- Market Positioning Strengthened: By deepening cooperation with multiple financial institutions, Lufax not only meets the financing needs of small business owners but also further solidifies its leadership position in China's financial services market.
- Strategic Collaboration Deepening: The approval of resolutions at this shareholder meeting marks a significant step for Lufax in advancing strategic collaborations with financial institutions, laying a solid foundation for future business expansion.
Lufax Secures Shareholder Approval for 2026 Framework Agreements
- Shareholder Meeting Outcome: Lufax held an extraordinary general meeting on December 29, 2025, in Shanghai, successfully approving the 2026 Services and Products Purchasing Framework Agreement, which signifies the company's commitment to expanding its financial service capabilities in the coming year.
- Annual Cap Confirmation: The meeting ratified the 2026 Financial Services Framework Agreement and its transactions, ensuring financial stability and business continuity for the company in the upcoming year, thereby strengthening trust with its partners.
- Strategic Collaboration Agreement: The approval of the collaboration agreement with Ping An Consumer Finance is expected to enhance Lufax's market share in small business financing, driving business growth.
- Execution Authorization: The meeting authorized executive directors to sign relevant documents, ensuring smooth implementation of the agreements, which not only improves decision-making efficiency but also lays a solid foundation for future business expansion.
Lufax Announces New Senior Management Hire
New Executive Appointments: Lufax Holding Ltd has appointed Mr. Xiang Ji as Co-Chief Executive Officer and Mr. Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately.
Background of Mr. Xiang Ji: Mr. Ji brings nearly 20 years of experience in retail credit, risk management, and investment management, previously serving as Global Managing Partner at McKinsey & Company.
Background of Mr. Tao Wu: Mr. Wu has over 30 years of experience in financial insurance and internet industries, having held various leadership roles at Autohome and Ping An Property & Casualty Insurance Company.
Company Overview: Lufax is a prominent financial services provider for small business owners in China, offering tailored financing products and maintaining partnerships with 85 financial institutions.
Lufax Announces Extraordinary General Meeting on December 29, 2025
Extraordinary General Meeting Announcement: Lufax Holding Ltd will hold an extraordinary general meeting (EGM) on December 29, 2025, to seek shareholder approval for the renewal of framework agreements related to ongoing transactions with Ping An Insurance and its affiliates.
Voting Eligibility and Instructions: Shareholders of record as of November 17, 2025, are entitled to attend the EGM, and American depositary share holders can submit voting instructions to Citibank, N.A. for their underlying ordinary shares.
Current Agreements Expiration: The existing framework agreements governing the connected transactions will expire on December 31, 2025, necessitating the renewal process.
Company Overview: Lufax is a prominent financial services provider for small business owners in China, collaborating with 85 financial institutions to offer tailored financing products.
Lufax Granted Extension by NYSE for Filling the 2024 Annual Report on Form 20-F
Extension Granted: Lufax Holding Ltd has received an extension from the NYSE until April 30, 2026, to file its annual report on Form 20-F for the fiscal year ended December 31, 2024, due to delays related to a change in auditors.
Compliance Efforts: The company is working with its newly appointed auditors, Ernst & Young, to finalize the report and aims to regain compliance with NYSE listing standards to avoid suspension or delisting.
Lufax Announces Change in Chief Risk Officer
Resignation of Chief Risk Officer: Ms. Youn Jeong Lim has resigned as Chief Risk Officer of Lufax Holding Ltd due to personal work arrangements, effective immediately as the service agreement is set to expire.
Appointment of New Chief Risk Officer: Mr. Jianbo Cheng has been appointed as the new Chief Risk Officer, effective October 24, 2025, following his previous role as Chief Risk Expert at the company.
Background of Mr. Cheng: Mr. Cheng, aged 43, has extensive experience in risk management, having held various senior positions at companies such as Pudao Credit Co., Ltd. and Jingdong Digits Technology Holding Co., Ltd.
About Lufax: Lufax is a prominent financial services provider in China, focusing on financing products for small business owners and maintaining partnerships with 85 financial institutions.
