1. As a national institution, Chinese Academy of Sciences doesn't want to own too many shares. Promote the adjustment of the shareholding structure of Legend Holdings. It is possible to transfer part of the equity to other institutions and introduce new shareholders. Now, Oceanwide has acquired 29% of the shares of the National Academy of Sciences (CAS) at a price significantly lower than the market value, so Legend Holdings has become a veritable private enterprise, and Liu Chuanzhi Ye has finally realized his long-cherished wish of "retiring from the country and entering the people" for many years.

1. The shareholding ratio is 200 1 year, and the current controlling shareholder of Lenovo Group is Legend Holdings. Since the listing in Hong Kong, a number of shareholders have participated in this share purchase. (See below for details) Legend Holdings was founded in1984,2001reorganization. The Chinese Academy of Sciences holds 65% of the shares, and Legend Holdings employees hold 35%. The chairman is Liu Chuanzhi. In 2006, the consolidated turnover of Legend Holdings was138.947 billion yuan, and the total assets were 65 138 billion yuan. After years of transformation, Legend Holdings has initially formed three major industries: IT, investment and real estate. There are five subsidiaries: Lenovo Group, Digital China, Lenovo Investment, Ke Rong Land and Hongyi Capital.

2. In addition to Lenovo Group and Digital China, Lenovo Capital is a subsidiary specializing in venture capital. The fund currently under management is close to $300 million. Hony Capital is an investment company, which mainly invests in establishing companies in mature industries. At present, the direct management of operating funds exceeds 654.38 billion yuan. Sandy is a real estate company. Since 2004, the Chinese Academy of Sciences has put forward the socialization of scientific research institutes and scientific research investment companies, hoping to complete the reform goal of reducing the shareholding ratio of each company to less than 35% by 20 10.

Legend Holdings, the largest holding company among nearly 500 companies affiliated to Chinese Academy of Sciences, has been paying attention to its stock improvement process. Although the reform of 200 1 has promoted the corporate governance structure of Legend Holdings, from the current composition of its board of directors, directors and supervisors are all from senior executives and retirees of Chinese Academy of Sciences, Legend Holdings and its subsidiaries, and there are no external directors. At the end of last year, Liu Chuanzhi said in an interview with Securities Market Weekly that the Chinese Academy of Sciences, as a national institution, did not want to own too many shares. We are promoting the adjustment of Legend Holdings' shareholding structure, and may sell some shares to other institutions and introduce new shareholders. State-owned enterprises must hold a large share in the joint venture company and have real power. Even if the partners invest cash (including foreign exchange) to hold a considerable share of equity, the shareholders of foreign-funded or private enterprises want to contract the management right of the joint venture company, and they must declare and obtain special circumstances. Government approval.