Lufax receives NYSE late filing notice

Lufax (LU) received a notice from the NYSE that, as the company has not timely filed its annual report on Form 20-F for 2024, the company is not fully in compliance the NYSE’s continued listing standards at this time. The company will have until October 30 to file the annual report with the SEC and regain compliance with the NYSE’s continued listing standards. If the company fails to file the annual report by October 30, 2025, the NYSE may grant the company an extension until April 30, 2026. If the NYSE does not grant an extension after the company fails to file the annual report by October 30, 2025, suspension and delisting procedures will commence. If the NYSE grants an extension but the company fails to file the annual report by the end of the extension period, suspension and delisting procedures will also commence. The company intends to regain compliance with the NYSE’s continued listing standards by filing the annual report within the NYSE’s prescribed timelines. The notice has no immediate impact on the company’s ADSs on the NYSE. The company was unable to file the annual report by the prescribed due date due to the proposed change in the company’s auditors. The company expects to file its 2024 annual report promptly after the new auditors have completed their audit of the financial statements required to be included.