OneConnect Financial Technology Co., Ltd. reported that its shareholders approved a proposed privatization by way of a scheme of arrangement at a Court Meeting held on October 28, 2025. The arrangement requires sanction by the Grand Court of the Cayman Islands to become effective. According to the announcement, the necessary votes from disinterested shareholders surpassed the required majorities, fulfilling several critical conditions of the proposal.

Under the current timetable, the Company intends to halt trading of its American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) at the start of trading on October 30, 2025 (New York time). The last day for trading its ordinary shares on The Stock Exchange of Hong Kong Limited (HKEX) is also anticipated to be October 30, 2025 (Hong Kong time). Subject to the Court’s final confirmation, the withdrawal of listing from HKEX is expected on November 21, 2025, with trading of ADSs on the NYSE permanently suspended that same day (New York time), followed by a delisting on December 1, 2025 (New York time).

The Company’s register of members will close from November 18, 2025 to determine eligibility for receiving consideration under the scheme. Eligible shareholders (and the ADS depositary, where applicable) are expected to receive payment within seven business days after the scheme’s effective date, which is targeted for November 19, 2025 (Cayman Islands time) pending final approval. The Company stated that no further share transfers would be processed after the register of members closes.

Further details, including conditions and procedural steps, are outlined in the Form 6-K filed with the U.S. Securities and Exchange Commission and the published joint announcements. Shareholders and investors are advised to note that the proposal remains subject to certain closing conditions, and the dates provided may change if any of these conditions are not met as scheduled.