Core Viewpoint - Lenovo Holdings announced a management restructuring, with Li Peng resigning as CEO and Yu Hao appointed as the new CEO effective November 17, 2025 [1][3]. Group 1: Management Changes - Li Peng has served as CEO since 2020, contributing significantly to the company's technological innovation, post-investment management, and business optimization [3]. - Yu Hao, aged 54, joined Lenovo Holdings in 2021 and has held various positions, including Vice President and Managing Director of the Innovation Development Center [3]. - Yu Hao has a strong academic background with a Bachelor's degree in Electrical Engineering and a Ph.D. in Power Systems and Automation from Harbin Institute of Technology [3]. Group 2: Financial Performance - Lenovo Holdings is facing challenges with profitability, with a projected net profit of approximately 133 million yuan for 2024, a decline of over 97% compared to 5.755 billion yuan in 2021 [4]. - In the first half of 2025, the company reported a net profit of 699 million yuan, showing a year-on-year increase of 144.56% [4]. Group 3: Research and Development - The company has increased its R&D investment by 16% year-on-year to 8.513 billion yuan in the first half of the year, marking a historical high for the period [5]. - Lenovo Holdings emphasizes the integration of AI in driving technological and industrial innovation, aiming to build a vibrant AI+ application ecosystem [5]. Group 4: Market Position - As of November 17, Lenovo Holdings' stock closed at 9.76 HKD per share, with a total market capitalization of 22.997 billion HKD [5].

Core Points - Lenovo Holdings announced the resignation of CEO Li Peng due to personal career choices, with Yu Hao appointed as the new CEO [1] - Under Li Peng's leadership since 2020, Lenovo Holdings achieved a revenue growth of approximately 32% from 2019 to 2024, reaching 512.806 billion yuan [2] - Despite revenue growth, Lenovo Holdings faced challenges with profitability, reporting a net profit of about 133 million yuan in 2024, a decline of over 97% compared to the peak net profit of 5.755 billion yuan in 2021 [3] Company Leadership Transition - Li Peng joined Lenovo Holdings in 2003 and became CEO in 2020, leading the company through strategic and business development while increasing investment in technological innovation [2][3] - Yu Hao, the new CEO, has a strong academic background with degrees in electrical engineering and computer science, and has experience in R&D across various multinational companies [3][4] - Yu Hao will also continue to serve as the head of the Lenovo Holdings Advanced Technology Research Institute, focusing on the company's strategic direction in technological innovation [4] Strategic Focus - Lenovo Holdings emphasizes technological innovation as a strategic direction, aligning with industry transformation and capital market trends [4] - The company is increasing its investment in artificial intelligence, aiming to integrate AI with technological and industrial innovation to create a vibrant AI+ application ecosystem [4]

Core Viewpoint - Lenovo Holdings announced the resignation of CEO Li Peng due to personal career choices, with Yu Hao appointed as the new CEO, indicating a strategic shift in leadership amidst challenges in profitability and a focus on technological innovation [1][4]. Group 1: Leadership Changes - Li Peng joined Lenovo Holdings in 2003 and became CEO in 2020, leading the company to a revenue increase of approximately 32% from 2019 to 2024, reaching 512.81 billion yuan [3]. - Yu Hao, the new CEO, has a strong academic background with degrees in electrical engineering and automation, and extensive experience in R&D across various multinational companies [4][5]. Group 2: Financial Performance - Lenovo Holdings faced a significant decline in profitability, with a projected net profit of approximately 133 million yuan for 2024, down over 97% from the peak of 5.755 billion yuan in 2021 [4]. - The company reported a net profit of 699 million yuan in the first half of the year, showing some recovery compared to previous periods [4]. Group 3: Strategic Focus - The board emphasized Yu Hao's dual role as a technology expert and an experienced manager, aiming to enhance the company's focus on technological innovation and high-quality development [5]. - Lenovo Holdings is committed to integrating AI into its operations, aiming to build a vibrant AI+ application ecosystem, which aligns with broader industry trends towards technological transformation [5].

Group 1 - Lenovo Holdings announced the resignation of CEO Li Peng due to personal career choices, effective November 17, 2025, with no disagreements reported between him and the board [2] - Li Peng has been credited with leading the company's strategic and business development since becoming CEO in 2020, enhancing investment in technological innovation and improving post-investment management [2] - The company has made significant contributions to business transformation and long-term healthy development during Li Peng's tenure [2] Group 2 - Yu Hao has been appointed as the new CEO of Lenovo Holdings, previously serving as Vice President and General Manager of the Innovation Development Center [3] - Yu Hao has a strong academic background with a Bachelor's degree in Electrical Engineering and a Ph.D. in Power Systems and Automation from Harbin Institute of Technology [3] - Prior to joining Lenovo Holdings, Yu Hao worked in various multinational companies focusing on the industrialization of innovative technologies in environmental protection, energy, and high-end manufacturing [3] Group 3 - Lenovo Holdings is founded by IT pioneer Liu Chuanzhi and is a significant shareholder in companies such as Lenovo Group, Lakala, and Digital China [4] - As of the latest market close, Lenovo Holdings' stock price is HKD 9.76, with a market capitalization of HKD 23 billion [5]

Core Viewpoint - Lenovo Holdings has appointed Yu Hao as the new CEO following the resignation of Li Peng, indicating a strategic shift towards technology innovation and high-quality development [1] Group 1: Leadership Change - Li Peng has submitted his resignation as the executive director and CEO of Lenovo Holdings [1] - Yu Hao, previously the Vice President and Director of the Advanced Technology Research Institute, has been appointed as the new CEO [1] - The board of Lenovo Holdings emphasizes Yu Hao's dual expertise in research and industry operations, positioning him as a suitable leader for the company [1] Group 2: Strategic Focus - Yu Hao will continue to serve as the Director of the Advanced Technology Research Institute, reinforcing the company's commitment to technology innovation [1] - The board aims to leverage Yu Hao's professional capabilities to further focus on the strategic direction of technological innovation and achieve high-quality development [1]

Core Viewpoint - Lenovo Holdings announced the resignation of CEO Li Peng and the appointment of Yu Hao as the new CEO, marking a significant leadership change within the company [1][3]. Group 1: Leadership Transition - Li Peng has served as CEO since 2020, during which he has effectively led the company's strategic and business development, increased investment in technological innovation, and improved post-investment management of portfolio companies [3]. - The resignation of Li Peng is attributed to "personal career choices" [3]. - Yu Hao, previously the Vice President and Director of the Advanced Technology Research Institute at Lenovo Holdings, is recognized as both a technical expert and an experienced business manager [5]. Group 2: Future Direction - Li Peng expressed gratitude to all colleagues at Lenovo Holdings and wished for the company's continued success [6]. - Yu Hao committed to diligence and pragmatism, aiming to work collaboratively with colleagues to drive innovation and development within the company [6].

公告显示，李蓬因其个人职业选择，辞任公司执行董事及首席执行官职务，并不再担任公司环境、社会 及管治委员会及战略委员会成员，自2025年11月17日起生效。 同时，董事会进一步宣布，联想控股委任于浩为新CEO，自2025年11月17日起接任。 公告显示，于浩，2021年加入联想控股，现任联想前瞻技术研究院院长，在物联网、大数据、AI 等领 域兼具技术研发与产业落地经验，持有公司15.8万股H股。 董事会表示，此次调整未涉及董事会其他成员变动，将确保战略执行的连续性。 11月17日，联想控股发布公告，宣布核心人事调整，相关变动当日正式生效。 来源：新浪网 ...

Group 1 - Lenovo Holdings announced a core personnel adjustment effective November 17, 2025, with CEO Li Peng resigning due to personal career choices [1] - Yu Hao has been appointed as the new CEO, effective November 17, 2025, bringing experience in IoT, big data, and AI, and currently holds 158,000 H-shares of the company [2] - The board stated that this adjustment does not involve changes to other board members, ensuring continuity in strategic execution [3]

11月17日，李蓬向联想控股董事会递交辞呈，辞去公司执行董事及CEO职务。联想控股董事会同时做出 决议，任命于浩接任公司CEO之职。 来源：第一财经 李蓬于2020年起出任联想控股CEO，联想控股董事会表示他是因个人职业选择向董事会提出离任。联想 控股新任CEO于浩此前担任联想控股副总裁、前瞻技术研究院院长。（第一财经记者 刘佳） ...

Core Points - Lenovo Holdings announced a key personnel adjustment, effective November 17, 2025, with CEO Li Peng resigning due to personal career choices [1] - Yu Hao has been appointed as the new CEO, effective November 17, 2025, bringing experience in IoT, big data, and AI from his role as the head of Lenovo's Advanced Technology Research Institute [2] - The board confirmed that this adjustment does not involve changes to other board members, ensuring continuity in strategic execution [3]