Lufax has released supplemental information regarding its mandatory unconditional cash offers, triggered by the Joint Offerors' election of scrip dividends that increased their shareholding from 41.4% to 56.8%. The Joint Offerors, led by Ping An Group, aim to maintain Lufax's dual listing status in Hong Kong and the US despite the offers.The offers include acquiring all issued Lufax shares and ADSs not owned by the Offeror Group, canceling outstanding options, and arranging PSU settlements. For Locked PSU holders who accept the arrangement, settlement will be made on a staggered basis within 10 business days following each unlocking period.The Independent Financial Adviser maintains its recommendation against accepting the offers, deeming them not fair and reasonable for shareholders. The Executive has granted waivers from strict compliance with certain Takeovers Code rules regarding settlement timing for US shareholders and PSU arrangements.

Lufax has released supplemental information regarding its mandatory unconditional cash offers, triggered by the Joint Offerors' election of scrip dividends that increased their shareholding from 41.4% to 56.8%. The Joint Offerors, led by Ping An Group, aim to maintain Lufax's dual listing status in Hong Kong and the US despite the offers.The offers include acquiring all issued Lufax shares and ADSs not owned by the Offeror Group, canceling outstanding options, and arranging PSU settlements. For Locked PSU holders who accept the arrangement, settlement will be made on a staggered basis within 10 business days following each unlocking period.The Independent Financial Adviser maintains its recommendation against accepting the offers, deeming them not fair and reasonable for shareholders. The Executive has granted waivers from strict compliance with certain Takeovers Code rules regarding settlement timing for US shareholders and PSU arrangements.