#Lufax #Financial Services #ADS Ratio

Lufax Holding Ltd Announces ADS Ratio Adjustment

Lufax Holding Ltd, a prominent player in the financial services sector for small business proprietors in China, has made a noteworthy announcement regarding its American Depositary Shares (ADSs). On September 30, 2026, the company declared its intention to adjust the ADS ratio significantly. Currently, one ADS corresponds to two ordinary shares, but the company plans to shift this to a new ratio of one ADS for every twenty ordinary shares.

This strategic move is set to take effect around October 23, 2026, and it aims to align the company's ADS structure with the overall market conditions, thereby optimizing the trading experience for its shareholders. The adjustment can be likened to a one-for-ten reverse split, essentially consolidating existing ADS holdings in a way that elevates the per-ADS price, thus potentially attracting investor interest.

What This Means for Shareholders

For those holding ADSs in certificated form, holders will need to surrender their certificates to Citibank, N.A., the designated depositary bank for Lufax's ADS program. In exchange for every ten ADSs held, these shareholders will receive one new ADS, thereby reflecting the new ratio. Meanwhile, ADS holders participating in the Direct Registration System (DRS) and the Depository Trust Company (DTC) will see an automatic conversion without any required actions on their part.

An essential aspect to note is that there will be no issuance or cancellation of ordinary shares in conjunction with this change. The alteration solely affects the ADS listings, which will continue to trade on the New York Stock Exchange under the ticker symbol