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Overview of Lufax's Extraordinary General Meeting

On December 29, 2025, Lufax Holding Ltd (NYSE: LU; HKEX: 6623), a prominent financial services provider catering to small businesses in China, convened an extraordinary general meeting of shareholders in Shanghai. This significant event marked the approval of various resolutions aimed at enhancing the company's framework for operations in the upcoming year.

Key Resolutions Passed

During this extraordinary meeting, shareholders approved a series of ordinary resolutions, which set the stage for Lufax's strategies and agreements for the year 2026. The highlighted resolutions were as follows:

1. 2026 Services and Products Purchasing Framework Agreement:
- This agreement outlines the procurement strategies and service provisions the company intends to implement in the year ahead. By approving this framework, Lufax positions itself to fulfill its operational needs effectively while adhering to the defined annual caps for 2026. An executive director has been authorized to sign related documents to facilitate this agreement.

2. 2026 Financial Services Framework Agreement:
- Similar to the service agreement, this resolution focuses on the financial collaborations that Lufax will undertake in 2026. It sets the guidelines and limits within which Lufax will operate in the financial services sector. The approval of this framework signifies a commitment to strategic partnerships that bolster Lufax's offerings to small business clients.

3. 2026 Ping An Consumer Finance Collaboration Agreement:
- This agreement is a vital collaboration that aims to expand Lufax's reach in the consumer finance domain. By ratifying this agreement, Lufax looks to enhance its service offerings, leveraging partnerships with significant players like Ping An to offer a comprehensive suite of financial products and services.

4. 2026 Account Management Agreement:
- The final resolution pertains to account management strategies. The shareholders endorsed this agreement to ensure that Lufax can effectively manage client accounts while adhering to the outlined annual caps for the year.

The Role of Lufax in China's Financial Ecosystem

Lufax plays a pivotal role in China's financial landscape, primarily serving small business owners who often find themselves underserved by traditional financial institutions. With a robust portfolio of financing products tailored to these entrepreneurs, Lufax has built solid relationships with 85 financial institutions across the country. This extensive network not only bolsters Lufax's offering but also fosters a collaborative environment where small business owners can obtain the necessary financial support.

Conclusion

The extraordinary general meeting held by Lufax reflects the company's proactive approach towards enhancing its operational frameworks and ensuring sustainable growth. By securing approvals for critical agreements, Lufax is poised to accelerate its service delivery for small business owners across China in 2026. With its strategic partnerships and a focused business model, Lufax continues to solidify its position as a leading financial services enabler for the nation's entrepreneurs.