LUFAX (LU.US) announces new personnel appointment to support Eldorado Gold Corporation's continued growth.

On the evening of October 24th, Beijing time, LUFAX (LU.US) issued an announcement. The announcement includes updates on the progress of resuming trading, the replacement of the Chief Risk Officer, and the disclosure of applying to the New York Stock Exchange for an extension to submit the 2024 20-F annual report by April 30, 2026. The announcement stated that the board has appointed Mr. Cheng Jianbo as the Chief Risk Officer. Mr. Cheng Jianbo joined LUFAX in April 2025 and currently serves as the Chief Risk Expert. He has held important positions at institutions such as China Development Bank, Hua Xia Bank, and FICO. In August 2014, he joined JD.com, Inc. Sponsored ADR Class A, where he served as the Director of Risk for JD.com, Inc. Sponsored ADR Class A's consumer finance division, the General Manager of the Risk Management Center, and the Vice President of JD.com, Inc. Sponsored ADR Class A. In 2021, he became the General Manager of Park Credit Co., Ltd. The former Chief Risk Officer, Ms. Lin Yunzhen, resigned from her position due to personal work arrangements as her contract was about to expire. The board expressed gratitude for her significant contributions during her tenure. Regarding financial report audits, the auditing firm Ernst & Young LLP and Ernst & Young Hua Ming LLP have been conducting audits for the 2022-2024 fiscal years since their appointment on June 25. The company has been regularly providing Ernst & Young with the latest information on independent investigation results and ongoing regulatory responses. LUFAX has applied to the New York Stock Exchange for an extension to submit the 2024 20-F annual report by April 30, 2026, and at this time, the exact date for the release of the financial performance cannot be accurately predicted. LUFAX is a prominent listed company in New York and Hong Kong, mainly providing financial services to small and micro-enterprises and individuals, empowering institutional partners, implementing inclusive finance, and supporting the real economy. The company's operations have remained normal and stable from the date of the suspension of trading until this announcement. According to a preliminary assessment as of September 30, 2025, the business performance in the third quarter showed improvement compared to the same period last year, with growth in several key indicators. The total amount of new loans facilitated reached RMB 56.9 billion, an increase of 12.8% year-on-year, with consumer finance new loans totaling RMB 31.7 billion, a 20.1% increase year-on-year. The number of cumulative borrowers increased from approximately 24.8 million to approximately 28.5 million, a growth of 15.3%. The retail credit facilitation business income rate increased from 9.7% in the same period of 2024 to 13.0%.