Lufax Holding Ltd. received an extension from the New York Stock Exchange to file its 2024 Form 20‑F by April 30, 2026, following a delay caused by a change in auditors.
The extension comes after the company was notified of non‑compliance with NYSE listing standards due to a late filing of the 2024 annual report. Lufax had previously received a notice of non‑compliance and is now working with Ernst & Young and Ernst & Young Hua Ming LLP to complete the audit and filing.
Shareholders approved the removal of PricewaterhouseCoopers and the appointment of Ernst & Young on June 25, 2025, after Ernst & Young was proposed as auditor on April 23, 2025. The new auditors are covering the 2022‑2024 fiscal years, which has extended the audit scope and required additional time.
Failure to file by the new deadline could trigger NYSE suspension and delisting procedures. Lufax has stated it is committed to meeting the extended deadline and maintaining compliance with NYSE listing requirements.
In the most recent quarter, Lufax reported total income of RMB 6,964 million (US$964 million) and a net loss of RMB 830 million (US$115 million), down from a net profit of RMB 732 million (US$102 million) in Q1 2023. The decline reflects the company’s shift to a higher‑quality loan model and increased provisioning.
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