Lufax to implement a 1-for-10 reverse ADS split effective October 23, 2026

Lufax Holding Ltd announced it will change its American Depositary Shares (ADS) ratio from 1 ADS per 2 ordinary shares to 1 ADS per 20 ordinary shares, effectively a 1-for-10 reverse ADS split. This change, effective around October 23, 2026, means ADS holders will exchange every 10 existing ADSs for 1 new ADS, with no impact on the underlying ordinary shares. The ADS price is expected to increase proportionally, but the company does not guarantee the price will be exactly ten times higher. This move aims to adjust the ADS structure without issuing or canceling ordinary shares, maintaining trading under the symbol "LU" on the NYSE.

As of Sep 30, 2026 18:11 WIB, Lufax Holding Ltd (LU) trades at USD 1.21 on Pluang, down 2.42% for the day. The stock shows a market cap of $1.23 billion and an enterprise value of $60.52 billion, with a typical hold time of 12 days among Pluang investors. The ADS ratio change announcement comes while the stock sees a 31% sell and 69% buy order activity on the platform.