Lufax plans 1-for-10 reverse ADS split effective Oct. 23, 2026
LU•Lufax plans to change its ADS-to-ordinary share ratio from 1-for-2 to 1-for-20, equivalent to a 1-for-10 reverse ADS split. The change is expected to take effect on or about Oct. 23, 2026.
1. ADS ratio change
Lufax plans to change its ADS-to-ordinary share ratio from 1 ADS for 2 ordinary shares to 1 ADS for 20 ordinary shares, equivalent to a 1-for-10 reverse ADS split for ADS holders. The change is expected to take effect on or about Oct. 23, 2026.
2. Trading and fractions
No fractional new ADSs will be issued; cash proceeds from aggregated fractions will be distributed. Lufax ADSs will continue trading on the NYSE under LU, and the ADS price is expected to rise proportionally.
