Lenovo Group Limited (the “Company”) announces its annual results for the year ended 31 March 2024. Year-over-year revenue was about $568.64 billion, down 8% from last year; corporate equity holders accounted for profits of about $10.11 billion, down 37%. Gross margin increased 0.2 percentage points to 17.2%. The Solutions Services Group and Infrastructure Solutions Business Group recorded double-digit profit growth in the fourth quarter at a new high in revenue. Year-over-year R&D investment reached a new all-time high of 3.6% of annual revenue. The Board of Directors proposes to pay a final dividend of HK30.0 cents per share. The Group completed the acquisition of Lenovo Finance Lease Limited and the FCNT business during the year and repurchased some notes due 2025 and 2030 during the year. The Executive Director of the Company is Mr. Yang Yuanqing, the Non-Executive Directors are Mr. Zhu Liinan and Mr. Zhao Linghuan. The Independent Non-Executive Directors include Mr. William O. Grabe, etc.

Lenovo Group Limited (the “Company”) announces its annual results for the year ended 31 March 2024. Year-over-year revenue was about $568.64 billion, down 8% from last year; corporate equity holders accounted for profits of about $10.11 billion, down 37%. Gross margin increased 0.2 percentage points to 17.2%. The Solutions Services Group and Infrastructure Solutions Business Group recorded double-digit profit growth in the fourth quarter at a new high in revenue. Year-over-year R&D investment reached a new all-time high of 3.6% of annual revenue. The Board of Directors proposes to pay a final dividend of HK30.0 cents per share. The Group completed the acquisition of Lenovo Finance Lease Limited and the FCNT business during the year and repurchased some notes due 2025 and 2030 during the year. The Executive Director of the Company is Mr. Yang Yuanqing, the Non-Executive Directors are Mr. Zhu Liinan and Mr. Zhao Linghuan. The Independent Non-Executive Directors include Mr. William O. Grabe, etc.