Lenovo Selected as a Constituent Stock of the Hang Seng Index
HONG KONG -- February 6, 2013
The Hang Seng Indexes Company today announced that Lenovo (HKSE: 0992) (PINK
SHEETS: LNVGY) will be included as a constituent stock of its Hang Seng Index.
This selection positions Lenovo among the “blue chip” companies listed on the
Hong Kong Stock Exchange and represents significant market recognition of
Lenovo’s leadership position in the global IT industry.
It is also significant because it broadens the group of shareholders that will
consider owning Lenovo’s stock to include funds whose investments must mirror
the Hang Seng Index or pension funds whose investment committees look for
index inclusion as an investment criterion. Finally it reflects recognition
from a respected 3^rd party of Lenovo’s strong, consistent financial
performance, outstanding management and its strong future growth prospects.
"We are very pleased today that Lenovo has been included as one of the
constituent stocks of Hang Seng Index,” said Yang Yuanqing, chairman and CEO,
Lenovo Group. “This news comes following another record quarter reported last
week, that demonstrated Lenovo's ability to consistently drive growth, improve
profitability and establish itself as one of the leading global technology
companies. Not only have we become a global PC market leader, but we are also
now recognized as a leading innovator defining the PC Plus era."
Lenovo has reported its best quarter ever last week, in which it has continued
to outgrow the market in all geographies with record sales, earnings and
global PC market share. The company delivered another quarterly sales record
of $9.4 billion, a 12 percent year-over-year increase, while it has been the
fastest growing major PC company for 13 straight quarters.
Lenovo has built momentum towards being the world’s leading PC maker while at
the same time rapidly expanding its PC Plus footprint – including smartphones,
tablets and smart TVs that will drive future growth. At the same time, Lenovo
was also recognized by IDC as the world’s third-largest maker of "smart
connected devices," such as tablets, PCs and smartphones. Last quarter,
Lenovo’s Mobile Internet and Digital Home business contributed 11 percent of
global revenue – a record high and strong indicator that the company is
delivering strong growth in the PC Plus market.
“The market has clearly demonstrated confidence in Lenovo's ability to meet
its commitments, maintain steady growth in a tough environment and execute a
strategy that not only delivers strong short-term results, but also lays a
solid foundation for our long-term performance. We are very proud that the
Hang Seng Index has recognized this performance and are confident we can
continue to deliver outstanding results, profitable growth and sustainable,
long-term returns for our shareholders," Yang continued.
Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$30 billion personal
technology company – the second largest PC maker in the world and an emerging
PC Plus leader – serving customers in more than 160 countries. Dedicated to
building exceptionally engineered PCs and mobile internet devices, Lenovo’s
business is built on product innovation, a highly-efficient global supply
chain and strong strategic execution. Formed by Lenovo Group’s acquisition of
the former IBM Personal Computing Division, the Company develops, manufactures
and markets reliable, high-quality, secure and easy-to-use technology products
and services. Its product lines include legendary Think-branded commercial PCs
and Idea-branded consumer PCs, as well as servers, workstations, and a family
of mobile internet devices, including tablets and smart phones. Lenovo, a
global Fortune 500 company, has major research centers in Yamato, Japan;
Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more
information see www.lenovo.com.
+852 2516 4810
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