OneConnect Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service provider for financial institutions in China, today announced the proposed dual primary listing of its ordinary shares, par value US$0.00001 per share (the “Shares”) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Company’s American depositary shares (the “ADSs”), each representing three Shares, will continue to be primarily listed and traded on the New York Stock Exchange (the “NYSE”).

The Company has received a letter of in-principle approval to the listing application from the SEHK on June 28, 2022 (Beijing/Hong Kong Time) for the dual primary listing of the Shares on the Main Board of the SEHK (the “Proposed Listing”). Subject to the final listing approval from the SEHK, the Shares are expected to commence trading on the Main Board of the SEHK on July 4, 2022 (Beijing/Hong Kong Time) under the stock code “6638”. The Shares will be traded in board lots of 500 Shares. In connection with the Company’s expected listing on the SEHK, the Company’s depositary facility for its ADSs is expected to be closed for the deposits of its Shares and will re-open on November 14, 2022.

As discussed in its press release on June 21, 2022, the Company has made arrangements to facilitate the conversion of its ADSs to Shares trading in Hong Kong in connection with the Proposed Listing (the “Batch-Conversions”). The estimated time set out therein for the Shares converted under the first batch of the Batch-Conversions being transferred to the designated Hong Kong’s Central Clearing and Settlement System (the “CCASS”) participant stock account is based on the assumption that the relevant transferring shareholder will deposit the Shares into his or her respective designated CCASS participant stock account promptly upon receiving the physical share certificates issued in his or her name. The actual time when the Shares will be available in the designated CCASS participant stock accounts will depend on the actual processing time required for completing such deposit procedures within CCASS, which may take up to approximately ten (10) business days.