On May 28, 2024, Lenovo Group Limited announced the signing of a strategic cooperation framework agreement and bond subscription agreement with Alat, planning to issue convertible bonds with a total amount of USD 2 billion. On the same day, the company also proposed to issue 1.15 billion warrants, with each warrant priced at HKD 1.43, and the preliminary proceeds are about USD 210 million, which will receive an additional USD 1.8 billion funds if all are exercised. The proceeds will be used for debt refinancing and to support business expansion and R&D investment in the MEA region. The shareholders' meeting will be held on September 12, 2024 to review relevant proposals. This strategic business transaction aims to promote the company's long-term growth in China and the MEA region, and enter the Saudi Arabia and MEA markets through cooperation with Alat, while enhancing investment in AI and R&D fields.

On May 28, 2024, Lenovo Group Limited announced the signing of a strategic cooperation framework agreement and bond subscription agreement with Alat, planning to issue convertible bonds with a total amount of USD 2 billion. On the same day, the company also proposed to issue 1.15 billion warrants, with each warrant priced at HKD 1.43, and the preliminary proceeds are about USD 210 million, which will receive an additional USD 1.8 billion funds if all are exercised. The proceeds will be used for debt refinancing and to support business expansion and R&D investment in the MEA region. The shareholders' meeting will be held on September 12, 2024 to review relevant proposals. This strategic business transaction aims to promote the company's long-term growth in China and the MEA region, and enter the Saudi Arabia and MEA markets through cooperation with Alat, while enhancing investment in AI and R&D fields.