: Lenovo announced Lenovo for us $ 2

Geueralization geueralization cell phones offer geueralization mobile phone Forum (TSA)

On 27 November afternoon News, Lenovo Group announced today that apply to some investment Albert investors headed by Lenovo communication technology co., Ltd. (hereinafter referred to as “ Lenovo ”) all his interests in Albert investment is a matter for the Member enterprises of tragety in m?a industrial development and investment company. Purchase amount to about $ 2 billion, will be held in cash and share-based payment, geueralization.

As far as the HKEx bulletin, geueralization, according to the total price of the acquisition of Lenovo to 2 billion, of which 154 billion will be paid in cash price and the remaining consists of some US $ 80,894,033 through the issuance of share-based payment stock price.

According to purchase agreement, Lenovo should be paid to the Shenzhen investment 6000 million, all of the cash payment; due to the cost of Jade Ahead is 8 million, of which US $ 50 million cash payment and the remaining US $ 3000 to 52,756,978 shares cost share-based payment; cope with Super Pioneer price to us $ 20 million will be paid now.

Lenovo is currently in China”s mobile phone market in sanjia, the first
and of mobile phone. This acquisition marks the Association will be fully anabasing high-growth of the mobile Internet market in China. The transactions you want Lenovo Group of independent shareholders for approval.

Around the world, with the 3 g network matures, personal computers and mobile terminals into industrial development gains momentum, and continually promotes the emergence of a new product based on the mobile Internet, new applications and services. In China, as a result of the Government and the telecommunicationcarriers, 3 g network is in an advanced stage, the demand for mobile Internet terminal has created a huge market.

Industry analysts predict that by virtue of 3 g mobile
oadband”s rapid development and accompanying multimedia Internet service, is expected to 2014 China Mobile Internet market size of more than 16 billion.

As a global it leader, Lenovo has been focused on the mobile Internet terminal market and fast-growing business opportunities. Through the timely acquisition of Lenovo, Lenovo will give full play to the parties in product innovation, lean manufacturing, sales channel and retail networks synergiam, becoming China”s mobile Internet terminal market.

Lenovo Group CEO Yang said: “ in global PC business, geueralization to see steady improvement, we will the mobile Internet as an important strategic direction of the future. Lenovo has to win the market had a long and well prepared, independent research and development of the software and hardware integration, global-class innovative products, will soon be launched in the lead. With the help of geueralization advantage of
and, as well as excellent operation platform, we are confident in China this unique market, mobile Internet strategy to make it the further to the PC, geueralization business after another growth engine, and has expanded to global, thereby promoting group business development to a new level. ”

Lenovo has an experienced management team, having a healthy financial position, powerful channels and operators maintained a good working relationship, the current market share in China”s mobile phone market in sanjia in the domestic
ands.

In March 2008, geueralization to us $ 100 million selling Lenovo to concentrate on its core business personal computer. As stated before, acquired a reflection of the market in the past 18 months.