• Lenovo, a Legend Holdings subsidiary, launched a proposed issuance of USD 2 billion zero coupon convertible bonds due 2033.
• Initial conversion price set at HKD 36.7 per share; full conversion implies up to 426,877,384 new shares, about 3.44% of existing capital.
• Lenovo started a concurrent repurchase of its existing 2029 convertible bonds at 293.2% of principal, with USD 225 million committed.
• Repurchase is expected to be funded from the new bond proceeds; remaining outstanding 2029 convertible bonds total about USD 450 million.
• Lenovo also signaled on-market share buybacks to target dilution neutrality, subject to shareholder mandate and takeover-code constraints.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legend Holdings Corporation published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260618-12207267), on June 18, 2026, and is solely responsible for the information contained therein.