Yunkang Group Limited — Capital/Financing Update 2021

Oct 10, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Lenovo Group Limited 聯想集團有限公司

(Incorporated in Hong Kong with limited liability) (Stock Code: 992)

ANNOUNCEMENT ON WITHDRAWAL OF APPLICATION FOR PROPOSED ISSUANCE AND ADMISSION OF CDRs

Reference is made to the announcements of Lenovo Group Limited (the “ Company ”) dated January 12, 2021, January 17, 2021 and October 4, 2021 (the “ Announcements ”) in relation to the Proposed Issuance and Admission of CDRs. Unless otherwise stated, terms defined in the Announcements shall have the same meanings when used in this announcement.

Following the submission of application materials to the SSE in respect of the Proposed Issuance and Admission of CDRs, taking into consideration the Company's business scale and complexity, the validity of the financial information in the Prospectus may lapse during the vetting process of the application. Also, having thoroughly considered the relevant capital market conditions such as the latest circumstances in connection with the listing, the Company decided to withdraw the application for listing and trading of CDRs on the STAR Market.

The Group's business operations are in good condition as usual. The withdrawal of the application is not expected to give rise to any adverse impact on the financial positions of the Group. The Company will continue to monitor the situation and will make further announcement(s) on any material updates and developments in respect of the Proposed Issuance and Admission of CDRs as and when appropriate.

By Order of the Board of LENOVO GROUP LIMITED Yang Yuanqing Chairman and Chief Executive Officer

October 10, 2021

As at the date of this announcement, the executive director is Mr. Yang Yuanqing; the nonexecutive directors are Mr. Zhu Linan and Mr. Zhao John Huan; and the independent nonexecutive directors are Mr. William O. Grabe, Mr. William Tudor Brown, Mr. Yang Chih-Yuan Jerry, Mr. Gordon Robert Halyburton Orr, Mr. Woo Chin Wan Raymond and Ms. Yang Lan.