OneConnect Financial Technology Co., Ltd. disclosed that a Court Meeting and an Extraordinary General Meeting are scheduled for October 28, 2025 (Hong Kong time) to review and vote on a proposed privatization scheme under Cayman Islands law. According to the announcement, if the scheme is approved, the last trading day for the company’s American Depositary Shares on the New York Stock Exchange is anticipated to be October 29, 2025 (New York time), and a trading halt is expected to begin before the market opens on October 30, 2025 (New York time).
The company’s Ordinary Shares on the Hong Kong Stock Exchange are also projected to experience their last trading day on October 30, 2025 (Hong Kong time). The proposed transaction involves the company becoming an indirect wholly owned subsidiary of Ping An Insurance (Group) Company of China, Ltd., subject to the court’s sanction of the scheme becoming effective in November 2025. Further details are available in the final proxy statement filed with the U.S. Securities and Exchange Commission.