联想集团是本公司的重要附属公司之一，其作为全球领先的科技企业，连续多年稳居全球PC市场榜 首，在AI普惠浪潮下不断推进混合式人工智能战略，使AI逐步成为其核心增长引擎，2025/26财年联想 集团多季度营收与净利润实现历史新高，展现出强劲的经营韧性与增长势能，本公司持续看好联想集团 未来发展潜力。与此同时，联想集团在AI及科技创新领域积淀深厚，与本公司"坚持科技创新引领，重 点聚焦实体经济"的战略方向高度契合，符合本公司投资战略布局。因此收购事项将有利于本公司长远 发展并最终使股东受益。 联想集团为于香港注册成立的有限公司，其股份自1994年起在联交所上市。联想集团业务主要从事研 发、制造及销售智能设备(个人电脑、工作站、智能手机、平板电脑)、基础设施(服务器、存储、边缘计 算、高性能计算及软件定义基础设施)、软件、解决方案及服务。 智通财经APP讯，联想控股(03396)发布公告，于2025年11月21日至2025年12月9日(包括首尾两日)期 间，本公司透过连串收购事项在公开市场由Honorific(本公司的全资附属公司)收购合共1.15亿股联想集 团股份(约占联想集团于本公告日期已发行股本的0.9285 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 聯想控股股份有限公司 Legend Holdings Corporation （於中華人民共和國註冊成立的股份有限公司） （股份代號：03396） 須予披露交易 有關收購一間附屬公司的上市證券 聯想集團為於香港註冊成立的有限公司，其股份自1994年起在聯交所上市。聯想集團業 務主要從事研發、製造及銷售智能設備（個人電腦、工作站、智能手機、平板電腦）、基 礎設施（服務器、存儲、邊緣計算、高性能計算及軟件定義基礎設施）、軟件、解決方案 及服務。 以下分別載列聯想集團截至2025年3月31日止兩個年度的經審計合併財務資料摘要以及截 至2025年9月30日止六個月期間的未經審計合併財務資料摘要： 董事會宣佈，於2025年11月21日至2025年12月9日（包括首尾兩日）期間，本公司透過 連串收購事項在公開市場由Honorific（本公司的全資附屬公司）收購合共115,174,000股 聯想集團股份（約佔聯想集團 ...

聯想控股股份有限公司 Legend Holdings Corporation （於中華人民共和國註冊成立的股份有限公司） （股份代號：03396） 重續持續關連交易 為聯泓新科提供煤炭及勞務外包服務 茲提述本公司日期為2024年12月20日之公告，內容有關郭莊礦業與聯泓新科訂立2025 煤炭及勞務外包服務協議，該協議將於2025年12月31日屆滿。 於2025年12月5日，郭莊礦業與聯泓新科訂立2026煤炭供應及勞務外包服務協議。根據 該協議，郭莊礦業繼續向聯泓新科提供煤炭和勞務外包服務，對價總金額（不含稅）上 限為人民幣276百萬元。2026煤炭供應及勞務外包服務協議將在聯泓新科股東會確認聯 泓新科與郭莊礦業2026年度關聯交易預計最高金額後正式生效。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上市規則涵義 本公司之主要股東國科控股持有聯泓新科25.27%股權，聯泓新科為本公司之關連附屬 公司。根據上市規則第14A章，2026煤炭供應及勞務外 ...

FF301 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03396 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,271,853,990 | RMB | | 1 RMB | | 1,271,853,990 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,271,853,990 | RMB | | 1 RMB | | 1,271,853,990 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/ ...

Group 1: Executive Changes - Huawei Cloud has appointed Zhou Yuefeng as CEO, with Zhang Ping'an transitioning to Chairman. The cloud R&D organization has been moved back to the ICT department, and five new cloud R&D product lines have been established [4] - Xiaomi has made a change in its public relations department, appointing Xu Jieyun as the new General Manager of the Public Relations Department, while former GM Wang Hua has moved to a new role at Xiaomi's Wuhan headquarters [5] - ByteDance's Seed large language model team has seen a key member, Qiao Siyuan, leave to join Meta [7][8] - Vivo has confirmed the promotion of Huang Tao to Vice President, joining the management committee [9] - Lenovo Holdings announced the resignation of CEO Li Peng, with Yu Hao appointed as the new CEO effective November 17, 2025 [10] - Visual China has appointed Li Yi as Vice President, effective immediately [11] - Apple has lost a prominent designer, Abidur Chowdhury, who has left to join an AI startup [12] - Samsung Electronics has appointed Roh Tae-moon as Co-CEO, alongside another executive [13] - Intel's CTO Sachin Katti has left to join OpenAI, with the CEO taking over the AI business [15] - Meta's Chief AI Scientist Yann LeCun has announced his departure to start a new company focused on "world model" technology [16] - Meta's Chief Revenue Officer John Hegeman is also leaving to start his own company [17] - Jeff Bezos has been appointed as Co-CEO of a new AI startup, Project Prometheus, which has raised $6.2 billion [20] - Oracle has elected Stephen Rusckowski to its board, expanding the board to 14 members [21] - Nokia has appointed Kristen Pressner as Chief People Officer, effective May 1, 2026 [22] - BBC's Director Tim Davie has resigned amid criticism of the organization [23] - Kevin Reilly has been appointed as CEO of Kartel, focusing on AI systems for major brands [24][26] - Mike Ellow has joined Synopsys as Chief Revenue Officer, bringing extensive experience from Siemens EDA [27] - Ken Lau has been appointed as Chief Strategy Officer at SuperX AI, effective December 1, 2025 [28] - Huang Chenhong has been appointed as CEO of SuperX AI, effective December 1, 2025 [30] - Morse Micro has appointed Alex Talevski as Senior Vice President for Platform, Product, and AI [31] - Robert Davis has joined Sharp Imaging and Information Company as Vice President [34] Group 2: Organizational Restructuring - Huawei Cloud has restructured its cloud R&D organization, moving it back to the ICT department and establishing five new product lines [4] - Lenovo Holdings has undergone a significant leadership change with the resignation of its CEO and the appointment of a new CEO [10] - Meta is experiencing key leadership changes with the departure of its Chief AI Scientist and Chief Revenue Officer [16][17] - SuperX AI has made multiple executive appointments to strengthen its leadership team [28][30]

Core Viewpoint - The Hong Kong semiconductor industry chain is experiencing a significant upward trend, with various stocks showing notable gains, indicating a potential recovery in the market [1]. Group 1: Market Performance - The Hang Seng Technology Index rose nearly 1%, with notable increases in stocks such as Hua Hong Semiconductor (over 5% increase), SMIC and Jiantao Laminated Board (over 4% increase), and others like Hong Teng Precision, Meitu, and Xiaomi Group (over 3% increase) [1]. - The first Hong Kong ETF focusing on the semiconductor industry (159131) saw a price increase of 2.26%, confirming a rebound pattern, with real-time transaction volume exceeding 330 million yuan [1]. Group 2: Industry Insights - The semiconductor market is entering a new cycle driven by AI demand, with a recommendation to monitor inventory and pricing data closely [2]. - The China Semiconductor Industry Association predicts that the total sales of the chip design industry will reach 835.73 billion yuan by 2025, reflecting a 29.4% growth compared to 2024 [3]. - The domestic chip development is seen as a long-term trend, with current conditions viewed as the best time for growth in advanced process manufacturing and chip architecture upgrades [5]. Group 3: Valuation and Investment Opportunities - Many Chinese tech companies are valued at only one-third to half of their U.S. counterparts, despite offering competitive AI products, making the Hong Kong tech sector particularly attractive for investment [6]. - The Hong Kong Information Technology ETF (159131) is structured with a focus on hardware (70%) and software (30%), covering 42 hard-tech companies, with significant weights in SMIC (20.27%), Xiaomi Group (9.11%), and Hua Hong Semiconductor (5.64%) [8].

Core Insights - A new wave of technological revolution and industrial transformation is accelerating, with breakthroughs in artificial intelligence, quantum computing, and new materials profoundly impacting industrial development models, corporate organizational forms, and global competitive landscapes [1] - Lenovo Holdings emphasizes technology innovation as a driver for high-quality development, investing in over a thousand tech companies across various cutting-edge fields, establishing a long-term oriented technology ecosystem [1] Group 1: Emerging Industries and Strategic Investments - The "14th Five-Year Plan" outlines clear directions for industrial upgrades, focusing on strategic emerging industries such as new energy, new materials, aerospace, and low-altitude economy, while also looking ahead to future industries like quantum technology and brain-computer interfaces [2] - Lenovo Holdings adopts a "early investment and new financing" strategy to support tech companies in overcoming key technological challenges and achieving commercialization, with notable investments in leading firms like CATL and Trina Solar in the new energy sector [2][3] - Lenovo Holdings' subsidiary, Lianhong New Materials, is entering a harvest phase with a significant investment of 12.5 billion yuan in an integrated project expected to be fully operational by the end of 2025, covering critical material production lines [2][3] Group 2: Artificial Intelligence Ecosystem - Lenovo Holdings is advancing its "AI+" initiative, leveraging its comprehensive ecosystem to accelerate AI applications across various scenarios, with over 270 AI-related companies within its system [4] - The company has established representative cases in six key areas, including technology, industry, and governance, demonstrating the conversion of AI capabilities into productivity [4] - Lenovo Group is promoting the widespread adoption of AI, launching a super intelligent system for individuals, enterprises, and cities, and creating benchmark cases in manufacturing, education, and finance [4][5] Group 3: Future Growth and Innovation - The ongoing technological revolution is expected to create new growth opportunities across various sectors, with Lenovo Holdings' systematic layout providing observable and reusable paths for transforming technology into productivity [6] - As key technologies extend to application ends and industry chain collaboration accelerates, innovation will reshape industry structures, continuously generating new industries, models, and dynamics for sustainable high-quality development [6]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 聯想控股股份有限公司 Legend Holdings Corporation | | 截至2025年 | 截至2025年 | 截至2024年 | 截至2024年 | | --- | --- | --- | --- | --- | | | 9月30日止 | 9月30日止 | 9月30日止 | 9月30日止 | | | 三個月 | 六個月 | 三個月 | 六個月 | | | （未經審核） | （未經審核） | （未經審核） | （未經審核） | | | 百萬美元 | 百萬美元 | 百萬美元 | 百萬美元 | | 收入 | 20,452 | 39,282 | 17,850 | 33,297 | | 毛利 | 3,147 | 5,921 | 2,796 | 5,356 | | 毛利率 | 15.4% | 15.1% | 15.7% | 16.1% | | 經營費用 | (2,504) | (4,493) | ( ...

Core Points - Lenovo Holdings announced a significant personnel change with CEO Li Peng resigning for personal career choices, effective immediately, with no disagreements with the board [2] - Li Peng received high praise for his performance since becoming CEO in 2020, focusing on technology innovation, optimizing post-investment management, improving business quality, and strengthening talent development [2] - Yu Hao has been appointed as the new CEO, bringing a strong professional background and experience in technology and management [2][3] Summary by Sections - **Leadership Change** - Li Peng resigned as CEO and executive director, effective immediately, with no board disagreements [2] - Yu Hao appointed as the new CEO, previously serving as vice president and managing director of the Innovation Development Center [2] - **Performance Evaluation** - Li Peng's tenure since 2020 marked by strategic implementation and business expansion [2] - Focus on technology innovation and improvement of business quality [2] - **New CEO Profile** - Yu Hao holds a bachelor's degree in Electrical Engineering and a PhD in Power Systems and Automation from Harbin Institute of Technology [3] - Prior experience includes leading R&D in multinational companies and expertise in various innovative technologies [3] - Market expectations for Yu Hao to leverage his background to enhance Lenovo Holdings' competitiveness in technology innovation and business expansion [3]

Core Viewpoint - Lenovo Holdings has appointed Yu Hao as the new CEO, emphasizing his expertise in technology and management to drive the company's focus on technological innovation and high-quality development [1][2] Group 1: Leadership Change - Yu Hao has been appointed as CEO of Lenovo Holdings, effective November 17 [1] - He joined Lenovo Holdings in 2021 and has held various positions, including Vice President and Director General of the Innovation Development Center [1] - Yu Hao holds a PhD in engineering from Harbin Institute of Technology and has experience in research and teaching [1] Group 2: Strategic Focus - The board of Lenovo Holdings believes Yu Hao will contribute to the company's strategic direction in technology innovation and high-quality development [1] - Yu Hao has been responsible for forward-looking technology breakthroughs and has established a co-creation incubation system for emerging industries [2] - He has built a collaborative network with several prestigious universities and research institutions to promote the transformation of research results into industrial applications [2] Group 3: Professional Background - Prior to joining Lenovo Holdings, Yu Hao worked in research and development for several multinational companies, focusing on innovative technologies such as industrial vision, IoT, big data processing, blockchain, and VR/AR [1] - He holds various positions in professional organizations, including being a supervisor at the China Chinese Information Society and a vice-chairman of the NLU Committee of the Chinese Artificial Intelligence Society [2]