Lufax: Will acquire Jin Yi Tong for HK$933 million

Lu Control (formerly Lufax) announced on the Hong Kong Stock Exchange that it has entered into a share purchase agreement with Yizhangtong Financial Technology Co., Ltd. (as the seller) and Ping An Yizhangtong Bank (Hong Kong) Limited (a virtual bank). Accordingly, the seller conditionally agreed to sell, and the Company conditionally agreed to purchase all the issued shares of Jin Yi Tong Limited (as the target company), an indirectly held subsidiary of the virtual bank, through sale and purchase under the terms and conditions of the share purchase agreement, for a cash consideration of HKD 933 million. Upon completion, the target company and other member companies of the target group will become subsidiaries of the Company, and their financial statements will be consolidated into the accounts of the Group.