13 December 2016

Lenovo and Via Licensing Jointly Announce AAC Patent License

San Francisco and Beijing, December 13, 2016—Lenovo (HKSE: 992), a global leader in consumer, commercial and enterprise technology and Via Licensing Corporation (Via), a leading world-wide intellectual property solutions provider, have entered into an agreement granting Lenovo a license to past and future use of the patented technology in Via’s Advanced Audio Coding (AAC) patent pool. That technology, incorporated in Lenovo’s smartphones and tablets sold in over 100 countries, enables consumers to enjoy extremely high quality audio and other benefits on their Lenovo devices.
02 December 2016

Lenovo Receives the Platinum Award in Best Corporate Governance Awards 2016

HONG KONG, November 30, 2016 – Lenovo Group (HKSE: 992) (ADR: LNVGY) has been honored, for the fourth consecutive year, with the Platinum Award in the H-share Companies and Other Mainland Enterprises Category of the 2016 Best Corporate Governance Awards, by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). In the same category, Lenovo has been granted a Special Mention in the Sustainability and Social Responsibility Award, for the first time. This special mention acknowledges the company’s continuous achievements in sustainability, both locally and globally, which is proven through various actions, including the signing of the American Business Act on Climate Pledge, acting as a signatory of the We Mean Business initiative, its placement on the 2016 Hang Seng Corporate Sustainability Index for the seventh year in a row, and much more. 
03 November 2016

LENOVO DELIVERS PROFITABLE SECOND QUARTER FY 2016/17 RESULTS

  • Revenue was US$11.2 billion, down eight percent year-over-year; up 12 percent quarter-over-quarter
  • Pre-tax income was US$168 million, compared to US$842 million loss in second quarter last year
  • Net income was US$157 million, compared to US$714 million loss in second quarter last year
  • Market conditions remain challenging and Lenovo is strongly executing its strategy
  • Three new industry leaders, experts in their fields, join the company
  • Basic EPS of 1.42 US cents, or 11.01 HK cents
BEIJING, November 3, 2016 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced results for its second fiscal quarter ended September 30, 2016. Revenue was US$11.2 billion, an eight percent decrease year-over-year, yet a 12 percent increase over the first fiscal quarter ended June 30, 2016. Pre-tax income for the second quarter was US$168 million, a significant turnaround from last year’s second quarter loss of US$842 million. Similarly, net income turned around from a loss of US$714 million in the second quarter last year, to US$157 million this year.
27 October 2016

Fujitsu and Lenovo to Explore Global Strategic PC Cooperation

Fujitsu Limited (“Fujitsu”), Fujitsu Client Computing Limited (“FCCL”) and Lenovo Group Limited (“Lenovo”) announced today that they are exploring a strategic cooperation in the realm of research, development, design and manufacturing of personal computers for the global market. Details of the cooperation are currently under discussion.