LUFAX to Implement 1-for-2 ADS Ratio Change on 15 December 2023

Bulletin Express06-16

Lufax Holding Ltd (LUFAX) has amended its November 2020 Deposit Agreement with Citibank, N.A. to revise the American Depositary Share (ADS) conversion ratio.

• New ratio: One ADS will represent two ordinary shares, replacing the current two ADSs per one ordinary share.

• Effective date: 15 December 2023.

• Exchange mechanics: – Holders of uncertificated ADSs in the Direct Registration System will automatically receive the new ADSs. – Certificated ADR holders must surrender existing certificates; each old ADS will be exchanged for 0.25 new ADS. – Fractional entitlements will be sold, with net cash proceeds distributed to holders.

• Fees and key dates: – A US$0.05 fee per ADS cancelled will be charged to holders as of the effective date. – ADS issuance and cancellation books will close from 11 December 2023 (5:00 p.m. New York time) to 15 December 2023 (5:00 p.m. New York time).

• Identifiers: – Existing ADS CUSIP: 54975P102 / ISIN: US54975P1021 – New ADS CUSIP: 54975P201 / ISIN: US54975P2011 – ADS ticker symbol (LU) remains unchanged.

Citibank, N.A. will act as depositary and Citibank, N.A. – Hong Kong will remain custodian. The amendment does not alter shareholders’ proportional interest in LUFAX and carries no change to the company’s business operations or listing status. Copies of Amendment No. 1 and related documents are available on the SEC website (Registration No. 333-256887) and at the Depositary’s New York office.

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