Lufax Holding Ltd, a leading financial services provider for small business owners in China, announced a potential mandatory unconditional cash offer by An Ke Technology Company Limited and China Ping An Insurance Overseas (Holdings) Limited, both subsidiaries of Ping An Group. The offer is for all issued and outstanding ordinary shares and American Depositary Shares (ADSs) of Lufax, including those to be issued under the company's scrip dividend scheme approved by shareholders on May 30, 2024. The offer also extends to all outstanding options granted under the 2014 Share Incentive Plan and unvested performance share units under the 2019 Performance Share Unit Plan. This filing is preliminary and made before the commencement of a tender offer. The offer is not yet active, and...Show More

Lufax Holding Ltd, a leading financial services provider for small business owners in China, announced a potential mandatory unconditional cash offer by An Ke Technology Company Limited and China Ping An Insurance Overseas (Holdings) Limited, both subsidiaries of Ping An Group. The offer is for all issued and outstanding ordinary shares and American Depositary Shares (ADSs) of Lufax, including those to be issued under the company's scrip dividend scheme approved by shareholders on May 30, 2024. The offer also extends to all outstanding options granted under the 2014 Share Incentive Plan and unvested performance share units under the 2019 Performance Share Unit Plan. This filing is preliminary and made before the commencement of a tender offer. The offer is not yet active, and no filing fee is required at this stage. The tender offer materials and the solicitation/recommendation statement will be filed with the U.S. Securities and Exchange Commission (SEC) upon commencement of the offers. The financial results of Lufax will be consolidated into the financial statements of Ping An Group following the completion of the offer. The offer is subject to certain pre-conditions, including approval for the listing of new shares and completion of reporting with the NDRC. The offer price for Lufax shares and ADSs is set at US$1.127 and US$2.254, respectively, which is equal to the reference prices under the Lufax Scrip Dividend Scheme. The offer is not intended to privatize Lufax, and the listing of Lufax shares on the Stock Exchange and ADSs on the NYSE is expected to be maintained.