LUFAX HLDG SP.ADS 1/2

The Lufax share fell 4.1% in pre-market trading after the immediate resignation of Chief Risk Officer Youn Jeong LIM due to personal employment arrangements upon the expiration of her service contract. The board appointed Jianbo Cheng as the new Chief Risk Officer effective October 24, 2025; Cheng has worked at Lufax since April 2025 and previously held risk management positions at Pudao Credit, JD.com and other financial institutions. » More on de.investing.com

Lufax Holding has called an extraordinary general meeting for September 30, 2025, to decide on adjusting the annual caps in its cooperation agreement with Ping An in the consumer lending segment. Shareholders will receive a notice and proxy; details of the proposed changes are included in the meeting materials. The filing with the U.S. securities regulator (SEC) was signed by Chief Financial Officer Tongzhuan Xi. » More on de.investing.com

Lufax Holding Ltd has sold $64 million in non-performing loans to lower credit risk and stabilize its outlook, resulting in an 18% reduction in its loan portfolio. The company is also focusing on digital transformation, cost-cutting, and strategic partnerships to improve operational efficiency and profitability. Despite these efforts, Lufax shares experienced significant declines in late July due to ongoing investor concerns and competition from traditional banks. » More on finance.yahoo.com