Lufax Holding Ltd acquired a 40% stake in Ping An Jixin (Shanghai) Investment Management Co., Ltd. and Chongqing Chongjinsuo Enterprise Management Company from Honor Reliance Development Limited on June 12, 2018. As a part of transaction, Lufax Holding Ltd issued 22.146871 million of class A ordinary shares to Honor Reliance Development Limited. Lufax Holding Ltd completed the acquisition of a 40% stake in Ping An Jixin (Shanghai) Investment Management Co., Ltd. and Chongqing Chongjinsuo Enterprise Management Company from Honor Reliance Development Limited on June 12, 2018.