Lenovo Holdings is a leading investment group in China. The company is committed to cultivating industry leaders and dynamically managing investment portfolios to enhance the long-term value of the company. The company has actively deployed in a number of industries, including IT, financial services, modern services, agriculture and food, real estate, and chemical and energy materials, etc., and has reserved abundant corporate resources and gradually unleashed the value of the company's investment portfolio. The company actively provides value-added services to invested enterprises, adjusts resource allocation and optimizes asset portfolios to achieve continuous growth in value. The company has two major businesses: strategic investment and financial investment. It focuses on the depth of management participation, capital source, return on investment and holding period, and covers all stages of enterprise development. a. Through strategic investment business, the company invests in six major sectors: IT, financial services, modern services, agriculture and food, real estate, and chemical and energy materials. For investee companies, companies hold board seats and exert significant influence over them, while strategic investments generally do not have a specific exit period. Using the company's industry insight and experience in building successful enterprises, the company provides financial support, brand endorsement, management improvement and other value-added services to invested companies, and continuously tracks, evaluates, and optimizes the company's investment portfolio to ultimately achieve long-term value growth. The company also releases the value of invested enterprises through the capital market and obtains investment income. b. Financial investment business mainly includes angel investment, venture capital and private equity investment, which cover all stages of enterprise growth. At the same time, the company also invests directly in private and listed companies to carry out parent fund investment business. The company's strengths are: 1) Mr. Liu Chuanzhi and the Lenovo brand; 2) its unique vision and early layout ability, which can continuously seize the opportunities contained in China's economic development; 3) a first-class investment and management team with Chairman Liu Chuanzhi at the ****e ability to create and enhance the value of invested enterprises; and 5) a complementary and synergistic investment platform. From a valuation point of view, according to the median prospecting price, the PE of EPS is expected to be about 16.2 times that of 2015, which is the same as the valuation compared to the same industry. Lenovo Holdings is a company that is growing steadily. Behind the steady position is its layout in multiple industries. The revenue growth rate is directly related to China's macroeconomy, but it is expected that the stock price will fluctuate less after listing, so it is recommended to purchase