SHANGHAI, April 12,
2023 /PRNewswire/ -- Lufax Holding Ltd
("Lufax" or the "Company") (NYSE: LU), a leading
financial services enabler for small business owners in
China, today announced that each
of the following proposed resolutions submitted for shareholder
approval have been adopted at its extraordinary general meeting
(the "EGM") of shareholders held in Shanghai today, and after the adoption of the
proposed resolutions, all corporate authorizations and actions
contemplated thereunder were approved:
1. as a special resolution, THAT, conditional upon and with
effect from the Company's proposed listing on The Stock Exchange of
Hong Kong Limited, the Fifth Amended and Restated Memorandum of
Association and the Eighth Amended and Restated Articles of
Association be amended and restated by the deletion in their
entirety and by the substitution in their place of the Sixth
Amended and Restated Memorandum of Association and the Ninth
Amended and Restated Articles of Association; and
2. as an ordinary resolution, THAT, immediately effective upon
the shareholders' approval at the EGM (a) the Phase II Share
Incentive Plan of the Company be terminated, to merge the award
pool of the Phase II Share Incentive Plan of the Company with the
award pool of the Phase I Share Incentive Plan of the Company, (b)
the Phase I Share Incentive Plan of the Company be amended and
restated to merge the award pool of the Phase II Share Incentive
Plan of the Company with the award pool of the Phase I Share
Incentive Plan of the Company and to comply with the applicable
rules under the Rules Governing the Listing of Securities on the
Stock Exchange of Hong Kong Limited (the "Listing Rules"), and (c)
the 2019 Performance Share Unit Plan of the Company be amended and
restated to comply with the applicable rules under the Listing
Rules; and
3. as an ordinary resolution, to adjourn, subject to further
notice, proposals 3, 4, and 5 that were set forth in the Company's
notice for the EGM published on March 13,
2023.
About Lufax
Lufax Holding Ltd is a leading financial services enabler for
small business owners in China.
The Company offers tailor-made financing products to small business
owners and other high-quality borrowers to address their large
unmet needs. In doing so, the Company has established relationships
with over 550 financial institutions in China, many of which have worked with the
Company for over three years. These financial institutions provide
funding and credit enhancement for the loans the Company enables as
well as other products to enrich the small business owner ecosystem
that the Company is creating.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Statements
that are not historical facts, including statements about Lufax's
beliefs and expectations, are forward-looking statements. Lufax has
based these forward-looking statements largely on its current
expectations and projections about future events and financial
trends, which involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control. These forward-looking
statements include, but are not limited to, statements about
Lufax's goals and strategies; Lufax's future business development,
financial condition and results of operations; expected changes in
Lufax's income, expenses or expenditures; expected growth of the
retail credit enablement; Lufax's expectations regarding demand
for, and market acceptance of, its services; Lufax's expectations
regarding its relationship with borrowers, platform investors,
funding sources, product providers and other business partners;
general economic and business conditions; and government policies
and regulations relating to the industry Lufax operates in.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in Lufax's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and Lufax does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc
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SOURCE Lufax Holding Ltd