Lufax: Tongzhao Xi resigned as CFO

Lufax Holding Ltd. (NYSE: LX) announced on July 24, 2026, that Tongzhao Xi has resigned from his position as Chief Financial Officer, effective immediately [1]. The company did not disclose specific reasons for the resignation but stated that the transition will be managed to ensure continuity in financial operations.

In a statement, Lufax emphasized that the departure is not related to any financial misconduct or operational issues. The company has initiated a search for a permanent replacement and has appointed an interim CFO to oversee financial reporting and investor relations during the transition period.

Lufax’s shares remained relatively stable in early trading following the announcement, with analysts noting that the resignation does not appear to have triggered immediate market concerns. However, investors are likely to monitor the company’s progress in identifying a successor and maintaining financial transparency.

The company reaffirmed its commitment to long-term strategic goals and compliance with regulatory standards. No changes to the board of directors or other executive roles were reported at this time.