Legend Holdings boosts Lenovo stake to 32.34% with HK$1.1bn share acquisition

Legend Holdings Corporation announced that its wholly-owned subsidiary, Honorific, acquired 115,174,000 Lenovo shares between November 21, 2025, and December 9, 2025. This represents approximately 0.9285% of Lenovo's issued share capital.

The total cash consideration for these acquisitions was approximately HK$1,124,707,943, at an average price of about HK$9.7653 per share. These acquisitions were funded by the group's existing financial resources.

Following the completion, Legend Holdings now directly and indirectly holds approximately 32.34% of Lenovo's issued share capital. Lenovo will remain a subsidiary, and its financial results will continue to be consolidated into Legend Holdings' financial statements.

Aggregating these transactions over a 12-month period, as required by Rule 14.22 of the Listing Rules, one of the applicable percentage ratios exceeds 5% but is less than 25%. This classifies the aggregated acquisitions as a discloseable transaction, necessitating notification and announcement, though it is exempt from shareholder approval under Chapter 14 of the Listing Rules.