SHANGHAI, Nov. 22,
2024 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or
the "Company") (NYSE: LU and HKEX: 6623), a leading financial
services enabler for small business owners in China, today announced that (i) Mr. Gregory
Dean Gibb has retired from his roles as an executive
director and the co-chief executive officer of the Company to
dedicate more time to his personal matters, (ii) Mr. Yuqiang Huang has tendered his resignation as a
non-executive director of the Company due to changes in his
personal work arrangements, and (iii) Mr. Xudong Zhang has tendered his resignation as an
independent non-executive director of the Company due to changes in
his personal work arrangements. These changes took effect from
November 22, 2024. The Company
extends its sincere appreciation to Mr. Gibb, Mr. Huang and Mr.
Zhang for their significant contributions during their respective
tenures.
The board of directors of the Company has appointed Mr. Shibang
Guo and Mr. Hui Liu as non-executive
directors and Mr. Alston Peiqing
Zhu, who currently serves as the Company's chief financial
officer, as an executive director, with effect from November 22, 2024.
Mr. Shibang Guo, aged 59, has served as the Assistant President
and the Chief Risk Officer of the Ping An Group since March 2024. He has also served as a director of
Ping An International Financial Leasing Co., Ltd. since June
2024. Prior to that, Mr. Guo served as a Director and the
President of Ping An Bank's Small
and Micro Finance Business Unit from March 2011 to
March 2014, a Senior Vice President
and the Chief Risk Officer, and the Compliance Director of Ping An
Securities from September 2014 to
October 2016, and successively
served as the Special Assistant to the Chairman, the
Assistant President, an Executive Director and a Vice President of
Ping An Bank from October 2016 to December
2023. Prior to joining the Ping An Group, Mr. Guo was a
chief officer and a deputy division-level researcher (presiding) of
the Treasury Planning Department of the Head Office of Industrial
and Commercial Bank of China Limited from July 1991 to
July 1998, and the Manager of Beijing
Shangdi Sub-branch, a Party Committee Member and a Deputy General
Manager of Beijing Management Department, the Party Committee
Secretary and Manager of Dalian
Branch, and the Vice Chairman of the Head Office Retail Management
Committee and the General Manager of the Retail Banking Department
of China Minsheng Bank from July 1998 to June 2010. Mr. Guo obtained his Bachelor's degree
in Engineering from Shanghai Jiao Tong University in
July 1988, Master's degree in
Economics from Peking University in July 1991, and Ph.D. in Economics from Peking
University in July 1998. Mr. Guo has been qualified as a
Senior Economist since November
1999.
Mr. Hui Liu, aged 43, has served
as the Deputy General Manager (presiding) of the Risk Management
Department at the Ping An Group since June
2023. Mr. Liu has also served as a director at several
companies, including Ping An Real Estate Co., Ltd. since
December 2023, Ping An Trust
Co., Ltd. since February 2024
and New Founder Holdings Development Co., Ltd. since February 2024. He joined the Ping An Group in
February 2012 and has since successively held positions as
the Manager at the Investment Risk Management Office in the
Risk Management Department, the Senior Asset Strategy Manager
at the Asset Control Center and the Senior Manager in the Risk
Management Department at Ping An Group from February
2012 to January 2020, and the
Deputy Chief Risk Specialist in the Risk Management Department at
the Ping An Bank Head Office from February
2020 to June 2023. Prior to
joining the Ping An Group, Mr. Liu served as Senior Officer in the
Risk Management Department at the Head Office of Industrial and
Commercial Bank of China Limited and Investment Manager in the
Financial Markets Department at Industrial and Commercial Bank of
China (Asia) Limited (ICBC
(Asia)) from May 2006 to January
2012. Mr. Liu holds a Ph.D. in Economics from Renmin
University of China in June 2015.
Mr. Alston Peiqing Zhu, aged
46, has served as the chief financial officer of the Company
since April 2024. Mr. Zhu joined
Ping An Bank in April 2018, where he served as the general
manager of the finance and planning department at the Head Office
of Ping An Bank from April 2018 to April
2024. Prior to that, Mr. Zhu served as Principal Partner of
Greater China financial services
industry at Capgemini China from May
2016 to April 2018 and as the
First Vice President at United Overseas Bank (China) Limited from
May 2013 to May 2016. From June
2003 to May 2013, he held
various positions at PricewaterhouseCoopers, Ernst & Young, and
Deloitte China, providing audit,
financial management, risk management, tax, and digital
professional services to the financial industry. Mr. Zhu began his
career at Industrial and Commercial Bank of
China Limited in September
2002. Mr. Zhu received his bachelor's degree in economics at
the University of International Business and Economics in
July 2002. Mr. Zhu is a Fellow Member
of CGMA (AICPA & CIMA), the Association of Chartered Certified
Accountants in the United Kingdom,
and the Certified Public Accountants Australia.
In addition, following the resignation of Mr. Xudong Zhang as a non-executive independent
director of the Company, as well as a member of the Audit Committee
and the Nomination and Remuneration Committee, the Company has
appointed Mr. Weidong Li as a member
of the Audit Committee and Mr. David
Xianglin Li as a member of the Nomination and Remuneration
Committee.
About Lufax
Lufax is a leading financial services enabler for small business
owners in China. The Company
offers financing products designed to address the needs of small
business owners and others. In doing so, the Company has
established relationships with 85 financial institutions in
China as funding partners, many of
which have worked with the Company for over three years.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Statements
that are not historical facts, including statements about Lufax's
beliefs and expectations, are forward-looking statements. Lufax has
based these forward-looking statements largely on its current
expectations and projections about future events and financial
trends, which involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control. These forward-looking
statements include, but are not limited to, statements about
Lufax's goals and strategies; Lufax's future business development,
financial condition and results of operations; expected changes in
Lufax's income, expenses or expenditures; expected growth of the
retail credit enablement; Lufax's expectations regarding demand
for, and market acceptance of, its services; Lufax's expectations
regarding its relationship with borrowers, platform investors,
funding sources, product providers and other business partners;
general economic and business conditions; and government policies
and regulations relating to the industry Lufax operates in.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in Lufax's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and Lufax does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com
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SOURCE Lufax Holding Ltd