Lufax announces board changes with new independent director appointment

Lufax Holding Ltd (NYSE: LU) announced board composition changes effective August 14, 2025, according to a press release statement.

Weidong Li resigned as independent non-executive director, audit committee member, and chairman of the nomination and remuneration committee due to increased time commitments to other professional responsibilities. The company stated his resignation did not result from disputes or disagreements with Lufax.

The company appointed Wai Ping Tina Lee as independent non-executive director and member of both the audit committee and nomination and remuneration committee on the same date. Lee, 63, brings over four decades of legal and banking experience across financial institutions and law firms.

Lee currently serves as consultant at Ng, Au Yeung & Partners, Solicitors and Notaries since April 2024. She previously held senior legal positions at The Hongkong and Shanghai Banking Corporation Limited from 2001 to 2023, including senior legal counsel for retail, private banking and treasury businesses, and regional head of legal for commercial banking in Asia Pacific.

From 1995 to 2001, Lee worked at Koo and Partners law firm, advancing from associate solicitor to partner in the banking practice group before the firm merged into Paul Hastings LLP in 2001. Her earlier banking career from 1984 to 1992 included roles at Hong Kong offices of Mizuho Bank, Bank of Credit and Commerce, Standard Chartered Bank, and Banque Nationale de Paris.

Lee holds a Professional Diploma in Business Studies (Banking) from Hong Kong Polytechnic University and completed legal education at Hong Kong University SPACE and Manchester Metropolitan University. She was admitted as solicitor in Hong Kong in 1995 and in England and Wales in 1997.

David Xianglin Li resigned as nomination and remuneration committee member, with the board appointing Dicky Peter Yip as committee chairman effective August 14, 2025.

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