On August 6, 2024, An Ke Technology Company Limited, China Ping An Insurance Overseas (Holdings) Limited (PAOH), and Ping An Insurance (Group) Company of China, Ltd. (Ping An) jointly filed a Schedule 13D with the SEC, disclosing their collective beneficial ownership of 56.8% of Lufax Holding Ltd's ordinary shares. This filing was triggered by the receipt of dividend shares from Lufax's special dividend scheme, which allowed shareholders to receive dividends in the form of cash or additional shares. The Reporting Persons elected to receive shares, resulting in an increase in their ownership stake and making Lufax an indirect non-wholly-owned subsidiary of Ping An. The Reporting Persons are now required to make an unconditional mandatory general offer to acquire all issued...Show More

On August 6, 2024, An Ke Technology Company Limited, China Ping An Insurance Overseas (Holdings) Limited (PAOH), and Ping An Insurance (Group) Company of China, Ltd. (Ping An) jointly filed a Schedule 13D with the SEC, disclosing their collective beneficial ownership of 56.8% of Lufax Holding Ltd's ordinary shares. This filing was triggered by the receipt of dividend shares from Lufax's special dividend scheme, which allowed shareholders to receive dividends in the form of cash or additional shares. The Reporting Persons elected to receive shares, resulting in an increase in their ownership stake and making Lufax an indirect non-wholly-owned subsidiary of Ping An. The Reporting Persons are now required to make an unconditional mandatory general offer to acquire all issued and outstanding ordinary shares of Lufax. The Schedule 13D filing provides detailed information on the ownership percentages, the background of the reporting persons, and the nature of the dividend scheme. The Reporting Persons have also indicated that they may, from time to time, take further actions regarding their investment in Lufax, subject to compliance with applicable laws and regulations.