Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited, Hong Kong Securities Clearing Company Limited and the New York Stock Exchange take no responsibility for the contents of this joint announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this joint announcement.

This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Offeror and the Company nor is it a solicitation of any vote or approval in any jurisdiction. This joint announcement also does not constitute any solicitation or recommendation under rules and regulations of the SEC.

This joint announcement is not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the applicable laws or regulations of such jurisdiction.

The transactions contemplated by the Scheme Document referred to in this joint announcement have not been approved, disapproved or otherwise recommended by the SEC or by any U.S. State Securities Commission, nor has the SEC or any U.S. State Securities Commission passed upon the merits or fairness of the transactions or upon the adequacy of the information contained in the Scheme Document referred to in this joint announcement. Any representation to the contrary is a criminal offence.

(1) PROPOSAL FOR THE PRIVATISATION OF ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. BY WAY OF A SCHEME OF ARRANGEMENT

(2) PROPOSED WITHDRAWAL OF LISTING OF ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

RESULTS OF THE COURT MEETING AND THE EXTRAORDINARY GENERAL MEETING

On Tuesday, October 28, 2025, the Scheme (with or without modification) was approved by the Disinterested Holders at the Court Meeting.

On Tuesday, October 28, 2025, (i) the proposed special resolution to approve and give effect to the reduction of the share capital of the Company as a result of the cancellation and extinguishment of the Scheme Shares (including Scheme Shares underlying the ADSs); and (ii) the proposed ordinary resolution, subject to and contemporaneously with the cancellation and extinguishment of the Scheme Shares referred to in the aforesaid special resolution, to restore the issued share capital of the Company to the amount prior to the cancellation of the Scheme Shares by applying the reserve created as a result of the aforesaid cancellation of the Scheme Shares to pay up in full at par such number of new Shares as is equal to the number of Scheme Shares cancelled as a result of the Scheme, credited as fully paid, for issuance to the Offeror, were passed by the Shareholders at the Extraordinary General Meeting.

CLOSURE OF REGISTER OF MEMBERS

For the purpose of determining the entitlements of the holders of the Scheme Shares, register of members of the Company will be closed from Tuesday, November 18, 2025 onwards. No transfer of Shares will be effected as from such date.

PROPOSED WITHDRAWAL OF LISTING OF THE SHARES AND PERMANENT SUSPENSION AND DELISTING OF THE ADSs

The expected last day for trading in the Shares on the Stock Exchange is Thursday, October 30, 2025, and the expected halt of trading in the ADSs on the NYSE is 9:30 a.m. on Thursday, October 30, 2025 (New York time). Subject to the Scheme becoming effective, (i) the withdrawal of the listing of the Shares on the Stock Exchange is expected to take place with effect from 4:00 p.m. on Friday, November 21, 2025 and (ii) the permanent suspension of trading in the ADSs on the NYSE is expected to take place on Friday, November 21, 2025 (New York Time) and the delisting of the ADSs from the NYSE is expected to take place with effect from Monday, December 1, 2025 (New York Time).

Reference is made to the scheme document dated September 23, 2025 jointly issued by the Company and the Offeror (the “Scheme Document”) in relation to, among other things, the Proposal and the Scheme. Unless otherwise defined, capitalized terms used in this joint announcement shall have the same meanings as those defined in the Scheme Document and all references to times and dates are references to Hong Kong times and dates, except as otherwise specified.

The Court Meeting was held at 2:30 p.m. on Tuesday, October 28, 2025 at Oasis Room, 8/F, Renaissance Hong Kong Harbour View Hotel, 1 Harbour Road, Wan Chai, Hong Kong.

For the purposes of section 86 of the Companies Act, the approval required to be obtained at the Court Meeting in respect of the Scheme was the approval (by way of poll) of the holders of Scheme Shares (including Scheme Shares underlying the ADSs), representing not less than 75% in value of the Scheme Shares held by the holders of Scheme Shares present and voting either in person or by proxy at the Court Meeting.

For the purposes of Rule 2.10 of the Takeovers Code, the approvals required to be obtained at the Court Meeting in respect of the Scheme were as follows:

The poll results in respect of the resolution to approve the Scheme at the Court Meeting were as follows:

Accordingly, the resolution proposed at the Court Meeting to approve the Scheme was duly passed in accordance with the requirements of both Section 86 of the Companies Act and Rule 2.10 of the Takeovers Code.

As at the Meeting Record Date and the date of the Court Meeting, the Offeror held 353,077,356 Shares, representing approximately 30.18% of the issued Shares, which did not form part of the Scheme Shares. As at the Meeting Record Date and the date of the Court Meeting, each of (i) Ping An Overseas (who was interested in aggregate 22,687,368 Shares, representing approximately 1.94% of the issued Shares), (ii) Sen Rong (who was interested in aggregate 188,061,642 Shares, representing approximately 16.07% of the issued Shares), (iii) Rong Chang (who was interested in aggregate 197,015,946 Shares, representing approximately 16.84% of the issued Shares), (iv) Lanbang (who was interested in aggregate 41,567,790 Shares, representing approximately 3.55% of the issued Shares) and (v) the Trustee (who was interested in aggregate 76,990,487 Shares, representing approximately 6.58% of the issued Shares), was not considered as a Disinterested Holder for the purpose of the Proposal and the Scheme and was not entitled to vote on the Scheme at the Court Meeting, notwithstanding shares held by them formed part of the Scheme Shares.

As disclosed in the Scheme Document, any Share held by any member of the Morgan Stanley group (i.e. Morgan Stanley and persons controlling, controlled by or under the same control as Morgan Stanley) acting in the capacity of an exempt principal trader shall not be voted at the Court Meeting unless the Executive allows such Shares to be so voted. Shares held by such exempt principal traders may, subject to consent of the Executive, be allowed to be voted at the Court Meeting if (i) the relevant connected exempt principal trader holds the Shares as a simple custodian for and on behalf of non-discretionary clients, and (ii) there are contractual arrangements in place between the relevant connected exempt principal trader and its clients that strictly prohibit the relevant connected exempt principal trader from exercising any voting discretion over the relevant Shares, and all voting instructions shall originate from such non-discretionary clients only (if no instructions are given, then no votes shall be cast for the relevant Shares held by the relevant connected exempt principal trader). The exempt principal traders in the Morgan Stanley group did not exercise the voting rights attached to Shares held by them (other than those Shares held by such exempt principal trader as a simple custodian for and on behalf of non-discretionary clients who are entitled to vote in the context of the Proposal and over which the relevant exempt principal trader has no voting discretion and all voting instructions have been originated from such non-discretionary clients) at the Court Meeting.

Save as disclosed above, no holders of Scheme Shares were required to abstain from voting at the Court Meeting in accordance with the Takeovers Code, there were no Shares entitling the holders thereof to attend where such holders were required to abstain from voting in favour of the Scheme at the Court Meeting pursuant to Rule 13.40 of the Listing Rules, and no Shareholder was required under the Listing Rules to abstain from voting in respect of the Scheme at the Court Meeting, nor did any person state any intention in the Scheme Document to vote against or to abstain from voting in respect of the Scheme at the Court Meeting.

The Court Meeting was chaired by Mr. Chow Wing Kin Anthony, an independent non-executive Director. Mr. Ip Koon Wing Ernest and Dr. Zhang Yaolin, two of our independent non-executive Directors attended the Court Meeting in person. None of the other Directors attended the Court Meeting due to pre-arranged commitments and scheduling conflicts.

Computershare Hong Kong Investor Services Limited acted as the scrutineer for the vote-taking at the Court Meeting.

The Extraordinary General Meeting was held at 3:00 p.m. on Tuesday, October 28, 2025 at Oasis Room, 8/F, Renaissance Hong Kong Harbour View Hotel, 1 Harbour Road, Wan Chai, Hong Kong.

The poll results in respect of the special resolution and the ordinary resolution proposed at the Extraordinary General Meeting were as follows:

All Shareholders (including persons who beneficially hold shares registered in the name of HKSCC Nominees, by providing HKSCC Nominees with voting instructions in accordance with the applicable rules and procedures) and ADS Holders (by directly or indirectly providing the Depositary with voting instructions in accordance with the Deposit Agreement) as at the Meeting Record Date were entitled to attend the Extraordinary General Meeting and vote on (i) the special resolution to approve and give effect to the reduction of the share capital of the Company as a result of the cancellation and extinguishment of the Scheme Shares (including Scheme Shares underlying the ADSs); and (ii) the ordinary resolution, subject to and contemporaneously with the cancellation and extinguishment of the Scheme Shares referred to in the aforesaid special resolution, to restore the issued share capital of the Company to the amount prior to the cancellation of the Scheme Shares by applying the reserve created as a result of the aforesaid cancellation of the Scheme Shares to pay up in full at par such number of new Shares as is equal to the number of Scheme Shares cancelled as a result of the Scheme, credited as fully paid, for issuance to the Offeror. Accordingly, the total number of Shares entitling the Shareholders to attend and vote on the resolutions at the Extraordinary General Meeting was 1,169,980,653 Shares.

As disclosed in the Scheme Document, any Share held by any member of the Morgan Stanley group (i.e. Morgan Stanley and persons controlling, controlled by or under the same control as Morgan Stanley) acting in the capacity of an exempt principal trader shall not be voted at the Extraordinary General Meeting unless the Executive allows such Shares to be so voted. Shares held by such exempt principal traders may, subject to consent of the Executive, be allowed to be voted at the Extraordinary General Meeting if (i) the relevant connected exempt principal trader holds the Shares as a simple custodian for and on behalf of non-discretionary clients, and (ii) there are contractual arrangements in place between the relevant connected exempt principal trader and its clients that strictly prohibit the relevant connected exempt principal trader from exercising any voting discretion over the relevant Shares, and all voting instructions shall originate from such non-discretionary clients only (if no instructions are given, then no votes shall be cast for the relevant Shares held by the relevant connected exempt principal trader). The exempt principal traders in the Morgan Stanley group did not exercise the voting rights attached to Shares held by them (other than those Shares held by such exempt principal trader as a simple custodian for and on behalf of non-discretionary clients who are entitled to vote in the context of the Proposal and over which the relevant exempt principal trader has no voting discretion and all voting instructions have been originated from such non-discretionary clients) at the Extraordinary General Meeting.

As disclosed in the Scheme Document, since the Trustee is not a Disinterested Holder for the purpose of the Takeover Code and is prevented from voting in accordance with the Trust Deed, the Trustee shall not exercise the voting rights attached to the Shares held by it. Accordingly, the Trustee did not vote at the Extraordinary General Meeting, notwithstanding Shares held by it formed part of the Scheme Shares.

Save as disclosed above, there were no Shares entitling the holders thereof to attend where such holders were required to abstain from voting in favour of the special resolution or the ordinary resolution at the Extraordinary General Meeting pursuant to Rule 13.40 of the Listing Rules, and no Shareholder was required under the Takeovers Code or the Listing Rules to abstain from voting on the special resolution or the ordinary resolution at the Extraordinary General Meeting nor did any person state any intention in the Scheme Document to vote against or to abstain from voting on the special resolution or the ordinary resolution at the Extraordinary General Meeting.

The Extraordinary General Meeting was chaired by Mr. Chow Wing Kin Anthony, an independent non-executive Director. Mr. Ip Koon Wing Ernest and Dr. Zhang Yaolin, two of our independent non-executive Directors attended the Extraordinary General Meeting in person. None of the other Directors attended the Extraordinary General Meeting due to pre-arranged commitments and scheduling conflicts.

Computershare Hong Kong Investor Services Limited acted as the scrutineer for the vote-taking at the Extraordinary General Meeting.

As disclosed in the Scheme Document and the joint announcement relating to the update on non-binding letters of support dated October 27, 2025:

At the Court Meeting and the Extraordinary General Meeting, each of M&G and SVF voted in favour of all resolutions which are necessary to implement the Proposal that were proposed at the Court Meeting and the Extraordinary General Meeting in respect of 26,412,000 Shares (representing approximately 2.26% of the issued share capital of the Company and approximately 9.09% of the Shares held by Disinterested Holders) and 11,555,097 Shares (representing approximately 0.99% of the issued share capital of the Company and approximately 3.98% of the Shares held by Disinterested Holders) in which it was interested as recorded on the register of members of the Company as at the Meeting Record Date, respectively.

For the purpose of determining the entitlements of Scheme Shareholders to receive the Cancellation Price under the Scheme, register of members of the Company will be closed from Tuesday, November 18, 2025 onwards. No transfer of Shares will be effected as from such date.

In order to qualify for entitlements to the Cancellation Price under the Scheme, Scheme Shareholders should ensure that the transfers of Shares to them are lodged with Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17^th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong for registration in their names or in the names of their nominees no later than 4:30 p.m. on Monday, November 17, 2025.

As at the date of this joint announcement, the implementation of the Proposal remains, and the Scheme will become effective and binding on the Company and all Scheme Shareholders, subject to the fulfilment or waiver (as applicable) of the Conditions (other than Conditions (a), (b), (c) and (k) which have been satisfied) as set out in the section headed “3. Conditions of the Proposal and the Scheme” in Part X — Explanatory Memorandum of the Scheme Document.

Subject to the outstanding Conditions being fulfilled or waived (as applicable), the Offeror and the Company expect that the Scheme will become effective on Wednesday, November 19, 2025 (Cayman Islands Time).

The expected last day for trading in the Shares on the Stock Exchange is Thursday, 30 October 2025, and the expected halt of trading in the ADSs on the NYSE is 9:30 a.m. on Thursday, 30 October 2025 (New York time). Subject to the Scheme becoming effective, (i) the withdrawal of the listing of the Shares on the Stock Exchange is expected to take place with effect from 4:00 p.m. on Friday, November 21, 2025 and (ii) the permanent suspension of trading in the ADSs on the NYSE is expected to take place on Friday, November 21, 2025 (New York Time) and the delisting of the ADSs from the NYSE is expected to take place with effect from Monday, December 1, 2025 (New York Time).

The expected timetable of the Proposal set out below (as extracted from the Scheme Document) is indicative only and may be subject to change. Further announcement(s) will be made if there is any change to the expected timetable below. Unless otherwise specified, all times and dates refer to Hong Kong local dates and times.

Immediately before March 3, 2025 (being the commencement date of the Offer Period (as defined under the Takeovers Code)) and as at the date of this joint announcement, the total number of Shares held, controlled or directed by the Offeror and the Offeror Concert Party were 375,764,724 Shares, representing approximately 32.12% of the issued share capital of the Company. Neither the Offeror nor the Offeror Concert Party has acquired or agreed to acquire any Shares or rights over Shares or any convertible securities, warrants, options or derivatives in respect of the Shares since March 3, 2025 and up to and including the date of this joint announcement.

As at the date of this joint announcement, neither the Offeror nor the Offeror Concert Party had borrowed or lent any relevant securities (as defined in Note 4 to Rule 22 of the Takeovers Code) of the Company.

WARNINGS: Shareholders, ADS Holders and potential investors should be aware that the implementation of the Proposal and the Scheme is subject to the Conditions being fulfilled or waived, as applicable, and thus the Proposal may or may not be implemented and the Scheme may or may not become effective. Shareholders, ADS Holders and potential investors should therefore exercise caution when dealing in the securities of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

As at the date of this joint announcement, the directors of the Offeror are Ms. Song Gao and Ms. Yanmei Dong.

The directors of the Offeror jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors in their capacity as such) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the executive directors of Ping An Group are Mr. Ma Mingzhe, Mr. Xie Yonglin, Mr. Michael Guo, Ms. Fu Xin and Ms. Cai Fangfang; the non-executive directors of Ping An Group are Mr. Soopakij Chearavanont, Mr. Yang Xiaoping, Mr. He Jianfeng and Ms. Cai Xun; the independent non-executive directors of Ping An Group are Mr. Ng Kong Ping Albert, Mr. Jin Li, Mr. Wang Guangqian, Mr. Hong Xiaoyuan, Mr. Song Xianzhong and Mr. Chan Hiu Fung Nicholas.

The directors of Ping An Group jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors in their capacity as such) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the board of directors of the Company comprises Mr. Chen Dangyang as the executive director, Mr. Michael Guo, Ms. Fu Xin, Mr. Dou Wenwei and Ms. Wang Wenjun as the non-executive directors and Dr. Zhang Yaolin, Mr. Pu Tianruo, Mr. Chow Wing Kin Anthony and Mr. Ip Koon Wing Ernest as the independent non-executive directors.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Offeror and Ping An Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the directors of the Offeror and of Ping An Group in their respective capacity as such) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

Court Meeting	Number of Votes Cast (approximate %)
Court Meeting	Total	For	Against
Number of the Scheme Shares voted by the holders of Scheme Shares in person or by proxy	87,439,501 (100.00%)	86,858,411 (99.34%)	581,090 (0.66%)
Number of the Scheme Shares voted by the Disinterested Holders in person or by proxy	87,439,501 (100.00%)	86,858,411 (99.34%)	581,090 (0.66%)
Percentage of (i) the number of votes cast by the Disinterested Holders against the Scheme over (ii) the number of votes attaching to all Scheme Shares held by all Disinterested Holders (being 290,580,064 Shares)			0.20%

SPECIAL RESOLUTION		Number of Votes Cast (approximate %)
SPECIAL RESOLUTION		Total	For	Against
1.	THAT pursuant to (and subject to approval of) the Scheme between the Company and the holders of Scheme Shares in the form of the print contained in the Scheme Document, which has been produced to this meeting and for the purposes of identification signed by the chairman of this meeting, or in such other form and on such terms and conditions as may be approved or imposed by the Grand Court of the Cayman Islands, on the Effective Date, the issued share capital of the Company shall be reduced by cancelling and extinguishing the Scheme Shares (including Scheme Shares underlying the ADSs).	818,383,044 (100.00%)	817,821,454 (99.93%)	561,590 (0.07%)