Lenovo Holdings (03396) recently acquired a total of 115 million Lenovo Group shares by Honorific on the open market

According to the Zhitong Finance App, Lenovo Holdings (03396) announced that during the period from November 21, 2025 to December 9, 2025 (including the first and last two days), the Company acquired a total of 115 million Lenovo Group shares by Honorific (a wholly-owned subsidiary of the Company) in the open market through a series of acquisitions (accounting for approximately 0.9285% of Lenovo Group's issued share capital on the date of this announcement). The total cash cost (excluding related transaction fees) was approximately HK$1,125 million. The average price of each Lenovo Group share under the acquisition (excluding related transaction fees) was approximately HK$9.7653.

Lenovo Group is a limited company incorporated in Hong Kong, and its shares have been listed on the Stock Exchange since 1994. Lenovo Group's business is mainly engaged in R&D, manufacturing and sales of intelligent devices (PCs, workstations, smartphones, tablets), infrastructure (servers, storage, edge computing, high-performance computing and software-defined infrastructure), software, solutions and services.

Lenovo Group is one of the company's important subsidiaries. As a leading global technology company, it has been at the top of the global PC market for many years. Under the wave of AI inclusion, AI has gradually become its core growth engine. In the 2025/26 fiscal year, Lenovo Group's multi-quarter revenue and net profit reached record highs, showing strong business resilience and growth potential. The company continues to be optimistic about Lenovo Group's future development potential. At the same time, Lenovo Group has a deep history in the field of AI and technological innovation, which is highly compatible with the company's strategic direction of “adhering to scientific and technological innovation leadership and focusing on the real economy”, which is in line with the company's investment strategy layout. Therefore, the acquisition will benefit the company's long-term development and ultimately benefit shareholders.