Lenovo Group Limited announced on 28 May 2024 that its Board of Directors has approved the issuance of 1,150,000,000 warrants at a price of HK$1.43 per share to support the Company's future growth and expand its capital base. The warrant is valid for three years and does not have an immediate dilution effect on existing shareholders' equity. The initial exercise price of the warrants is HK$12.31. The exercise will result in the issuance of a corresponding number of new shares representing approximately 9.3% of the company's total issued shares. The net proceeds will be used to repay existing debt and general business operations. THE CONDITIONS FOR ISSUING WARRANTS INCLUDE APPROVAL BY THE GENERAL MEETING AND APPROVAL BY THE LISTING COMMITTEE OF THE EXCHANGE. A MEMORANDUM OF THE GENERAL MEETING WILL BE SENT TO SHAREHOLDERS AS SOON AS POSSIBLE, AND THE IMPLEMENTATION OF THE PROPOSED ISSUE OF WARRANTS HAS NOT BEEN DETERMINED.

Lenovo Group Limited announced on 28 May 2024 that its Board of Directors has approved the issuance of 1,150,000,000 warrants at a price of HK$1.43 per share to support the Company's future growth and expand its capital base. The warrant is valid for three years and does not have an immediate dilution effect on existing shareholders' equity. The initial exercise price of the warrants is HK$12.31. The exercise will result in the issuance of a corresponding number of new shares representing approximately 9.3% of the company's total issued shares. The net proceeds will be used to repay existing debt and general business operations. THE CONDITIONS FOR ISSUING WARRANTS INCLUDE APPROVAL BY THE GENERAL MEETING AND APPROVAL BY THE LISTING COMMITTEE OF THE EXCHANGE. A MEMORANDUM OF THE GENERAL MEETING WILL BE SENT TO SHAREHOLDERS AS SOON AS POSSIBLE, AND THE IMPLEMENTATION OF THE PROPOSED ISSUE OF WARRANTS HAS NOT BEEN DETERMINED.