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]

Market Overview - US stock markets experienced a collective decline, with the Dow Jones falling by 557 points (1.18%), the S&P 500 down by 0.92%, and the Nasdaq Composite decreasing by 0.84% [5] - Major technology stocks mostly declined, with AMD and Intel dropping over 2%, while Google saw an increase of over 3% [5] - Cryptocurrency market continued its downward trend, with Bitcoin falling to $91,700, a decrease of nearly 3% [6] Commodity Prices - International gold prices significantly decreased, with spot gold down by 0.91% to $4,044.67 per ounce [7] - International oil prices also fell, with WTI crude oil down by 0.57% to $59.75 per barrel [8] Corporate Developments - Huawei announced the launch of the Mate 80 series and other new products, with a release event scheduled for November 25 [20] - Alibaba launched the "Qianwen" app, entering the AI to C market, aiming to compete with ChatGPT [22] - JD.com announced the launch of an independent app for its food delivery service, with a commitment to keep its review platform non-commercial [23] - Xpeng Motors reported a third-quarter revenue of RMB 20.38 billion, a year-on-year increase of 101.8% [26] - Lenovo Holdings announced a leadership change, with Li Peng resigning as CEO and Yu Hao appointed as the new CEO [28] Regulatory and Economic Updates - The Ministry of Finance reported that from January to October, the national general public budget revenue reached RMB 186.49 billion, a year-on-year increase of 0.8% [13] - The Ministry of Commerce initiated a final review investigation on anti-subsidy measures for imported propanol from the US [14] International Relations - Chinese officials expressed strong opposition to US arms sales to Taiwan, emphasizing the violation of the One China principle [11] - The Chinese Foreign Ministry responded to Japanese Prime Minister's comments on Taiwan, urging Japan to adhere to its commitments regarding Taiwan [12]

Group 1 - The U.S. stock market experienced a collective decline, with the Dow Jones falling by 557 points, a decrease of 1.18%, while the S&P 500 and Nasdaq dropped by 0.92% and 0.84% respectively [4] - Major technology stocks mostly declined, with AMD and Intel down over 2%, while Google saw an increase of over 3% [4] - The Chinese stock market also faced declines, with the Nasdaq Golden Dragon China Index dropping by 1.21% [4] Group 2 - The U.S. Federal Reserve Governor Waller reiterated the need for another interest rate cut in December, citing a weak labor market and the impact of monetary policy on low- and middle-income consumers [4] - The Chinese Ministry of Finance reported that from January to October, the national general public budget revenue reached 186,490 billion yuan, a year-on-year increase of 0.8% [12] Group 3 - Huawei announced the launch of the Mate 80 series and other new products, with a release event scheduled for November 25 [19] - Alibaba launched the "Qianwen" app, entering the AI to C market, with plans to integrate various life scenarios into the app [21] - JD.com announced the launch of an independent app for its food delivery service, with a commitment to keep its review platform non-commercialized [23] Group 4 - Xpeng Motors reported a third-quarter revenue of 203.8 billion yuan, a year-on-year increase of 101.8%, with a net loss of 3.8 billion yuan [26] - Lenovo Holdings announced a change in CEO, with Li Peng resigning and Yu Hao appointed as the new CEO [28] - Tesla initiated a lawsuit against Wuyou Media over a contract dispute, with a court hearing scheduled for November 24 [33]