Lufax announces Q1 2026 loan contraction, higher self-funded risk exposure, and new Chief Compliance Officer amid ongoing trading halt

On 27 April 2026, Lufax Holding Ltd. released an update covering its trading-resumption efforts, first-quarter 2026 operating metrics, and senior management changes.

Trading-resumption progress • The independent investigation into historical transactions has been completed, and responses to the Stock Exchange’s follow-up queries are under way. • EY is finalising its review of the Group’s 1H 2025 and FY 2025 financial statements. • An independent consultant has finished the internal-control review, and the resulting report has been submitted to the Exchange. • Core businesses have remained in operation during the suspension.

Q1 2026 operating highlights • Outstanding loan balance fell 15.40 % year on year to RMB172.50 billion, reflecting ongoing portfolio downsizing. • Consumer-finance loans bucked the trend, rising 18.50 % to RMB59.40 billion and lifting their share of total loans to 34 %. • New loans enabled declined 14.80 % to RMB48.80 billion; consumer-finance origination slipped a modest 3.50 % to RMB29.30 billion. • Cumulative borrowers grew 9.70 % to about 29.60 million, indicating continued client acquisition despite lower balances. • Lufax bore risk on 94.20 % of total outstanding loans (94.00 % excluding the consumer-finance subsidiary), up sharply from 79.90 % a year earlier, signalling heavier on-balance-sheet exposure. • Asset-quality indicators showed mixed trends: – C-M3 flow rate (ex. consumer-finance subsidiary) ticked up to 1.2 % from 1.1 % in Q4 2025. – DPD 30+ delinquency rate widened to 6.1 % from 5.6 % over the same comparison period; within this, unsecured loans rose to 6.4 %, while secured loans inched up to 5.4 %. – DPD 90+ delinquency rate remained stable at 3.4 %; unsecured loans edged up to 3.6 %, whereas secured loans eased to 3.0 %. – The non-performing loan ratio for consumer-finance loans increased to 1.4 % from 1.2 % at year-end 2025.

Management change The board appointed Ms. Xiaodi Wang, aged 42, as Chief Compliance Officer with immediate effect. Ms. Wang brings extensive legal and compliance experience from Ping An Asset Management and AXA-SPDB Investment Managers, complementing the Group’s ongoing governance enhancements.

Continued trading suspension Trading in Lufax’s Hong Kong-listed ordinary shares (halted since 28 January 2025) remains suspended pending fulfilment of resumption conditions. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.