Lufax shareholders approve extension of Ping An Overseas convertible notes maturity
LU•Lufax shareholders approved extending the maturity of Ping An Overseas Holdings’ convertible promissory notes to Oct. 8, 2027. They also approved issuing shares at $2.32 each upon conversion, subject to Stock Exchange approval.
1. Shareholders approve extension
At an extraordinary general meeting on Oct. 8, 2026, Lufax shareholders approved an amendment and supplemental agreement extending the notes’ maturity to Oct. 8, 2027. They adopted a specific mandate for issuing new shares at $2.32 each upon exercise of conversion rights, subject to Stock Exchange approval, and authorized directors to take steps to implement the agreement.
