Lufax Holding Ltd, a leading Chinese financial services platform, has concluded its tender offer period on October 28, 2024, with minimal shareholder participation. The tender offer, which was not extended or revised, resulted in the acquisition of 57,828 American Depositary Shares (ADSs) and 44,842 ordinary shares, representing a negligible 0.01% of the company's total issued ordinary shares. Prior to the offer, the joint offerors, An Ke Technology Company Limited, China Ping An Insurance Overseas (Holdings) Limited, and their parent company Ping An Insurance (Group) Company of China, Ltd., collectively owned approximately 56.81% of Lufax's total issued ordinary shares. Following the tender offer, their collective ownership increased marginally to approximately 56.82%. The tender offer was part of a going-private transaction and was managed by Morgan Stanley. Despite the low uptake, Lufax continues to meet the public float requirement with approximately 25.39% of its shares held by the public. The settlement of the tender offer is expected to be completed by October 30, 2024.

Lufax Holding Ltd, a leading Chinese financial services platform, has concluded its tender offer period on October 28, 2024, with minimal shareholder participation. The tender offer, which was not extended or revised, resulted in the acquisition of 57,828 American Depositary Shares (ADSs) and 44,842 ordinary shares, representing a negligible 0.01% of the company's total issued ordinary shares. Prior to the offer, the joint offerors, An Ke Technology Company Limited, China Ping An Insurance Overseas (Holdings) Limited, and their parent company Ping An Insurance (Group) Company of China, Ltd., collectively owned approximately 56.81% of Lufax's total issued ordinary shares. Following the tender offer, their collective ownership increased marginally to approximately 56.82%. The tender offer was part of a going-private transaction and was managed by Morgan Stanley. Despite the low uptake, Lufax continues to meet the public float requirement with approximately 25.39% of its shares held by the public. The settlement of the tender offer is expected to be completed by October 30, 2024.