Lufax Holding Ltd Announces Change to ADS Ratio
Lufax Holding Ltd (NYSE: LU, HKEX: 6623) announced a change in the ratio of its American Depositary Shares (ADSs) from one ADS representing two ordinary shares to one ADS representing twenty ordinary shares. This adjustment is expected to be effective on or about October 23, 2026 and will function similarly to a one-for-ten reverse split for ADS holders. Registered holders of certificated ADSs must surrender their existing certificates to Citibank N.A., the depositary bank, in exchange for new ADSs. Holders using Direct Registration System or Depository Trust Company will see automatic conversion without needing action. Fractional entitlements from this change will be sold by the Depositary Bank and proceeds distributed accordingly. The company emphasized that no ordinary shares are being issued or canceled as a result of the ratio adjustment, which is expected to increase the ADS trading price proportionally on NYSE.
Tickers: $LU