Lufax to change ADS-to-share ratio to 1:20, effect of 1-for-10 reverse split

Lufax plans to change its ADS-to-ordinary share ratio to 1 ADS for 20 ordinary shares from 1 ADS for 2. The move will have the same effect as a one-for-10 reverse ADS split. Change is expected to take effect on or about Oct. 23, 2026.