Our Company

Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company.

While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.

Today, Lenovo is a US$34 billion personal technology company with more than 46,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo has headquarters in Beijing, China and Morrisville, North Carolina, U.S.; and major research and manufacturing centers in countries around the world.

Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better.

Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need for what we call the "PC+ world." Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major PC makers and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.

And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of

company - a "global-local" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success. And we want to do it the right way the Lenovo Way with our own perspective, our own global point of view and our own commitment to building technology for people who view technology as a tool to accomplish great things.

Innovation: A Core Value

Lenovo owns the greatest track record for innovation in the PC industry, consistently winning awards and receiving rave reviews. Lenovo remains committed to innovation and will continue to leverage our history of technological breakthroughs into new

product categories that drive future growth. Innovation is how Lenovo achieves competitive differentiation and drives new market opportunities, such as mobile Internet, digital home and cloud computing.

Lenovo operates 46 world-class labs, including research centers in Yokohama, Japan; Beijing, Shanghai, Wuhan and Shenzhen, China; and Morrisville, North Carolina, U.S.

The company is rich in talent, employing more than 3,200 engineers, researchers and scientists. Lenovo's R&D teams have introduced many industry firsts supported by a track record of innovation including more than 6,500 globally recognized patents and more than 100 major design awards.

Acquisitions, collaboration with industry associations, and investments in research and development even in down cycles enable us to stay ahead of market trends and deliver a comprehensive portfolio of products.

Our History
1980s

1981
o

IBM PCD introduces its first personal computer, the IBM PC

1984
o

IBM PCD introduces its first portable computer, the IBM Portable PC, weighing 30 pounds.

With an initial capital outlay of only RMB200,000, (US$25,000) Lenovo's founding chairman Liu Chuanzhi, together with 10 like-minded colleagues, launches the New Technology Developer Inc. (the predecessor of the Legend Group) funded by the Chinese Academy of Sciences.

1986
o

IBM PCD announces its first laptop computer, the PC Convertible, weighing 12 pounds.

1988
o

Legend's Chinese-character card receives the highest National Science-Technology Progress Award in China.

Legend Hong Kong is established.

1990s

1990
o

The very first Legend PC is launched in the market as the company shifts to a producer and seller of its own branded computer products.

1992
o

IBM PCD introduces ThinkPad, the industry's first notebook with a 10.4 inch color Thin Film Transistor (TFT) display and a TrackPoint (red ball) pointing device.

1993
o

Legend enters the Pentium era, producing China's first "586" PC.

1994
o

IBM PCD introduces the industry's first notebook with integrated CD-ROM, the ThinkPad 755CD.

1995
o

Legend introduces the first Legend-brand server.

1996
o

Legend becomes the market share leader in China for the first time.

o o

Legend introduces the first Legend brand laptop.

1997
o

IBM PCD introduces the industry's first notebook equipped with a DVD-ROM, the ThinkPad 770.

1998
o

The millionth Legend PC comes off the production line. Intel Chairman Andy Grove attends the ceremony, and takes the PC for Intel's museum collection.

1999
o

Legend becomes the top PC vendor in the AsiaPacific region.

2000s

2000
o

IBM PCD ships its 10-millionth ThinkPad notebook PC.

Legend becomes a constituent stock of the Hang Seng Index - HK.

2001
o

An IBM notebook with an embedded security chip becomes the first notebook certified by the Trusted Computing Platform Alliance, an industry body setting data security standards.

Legend appoints Yuanqing Yang President and CEO.

2002
o

Legend's supercomputer, the DeepComp 1800 makes its debut. It is China's first computer with 1,000 GFLOP (floating point operations per second) and China's fastest computer for civilian

use, ranked 43rd in the Top 500 list of the world's fastest computers.
o

2003
o

Legend announces the birth of its new "Lenovo" logo to prepare for its expansion into the overseas market.

2004
o

IBM PCD introduces the first notebook with an integrated fingerprint reader.

IBM PCD ships its 100-millionth PC (counting both desktop and notebook computers).

Lenovo becomes an Olympic worldwide partner. It is the first Chinese company to become a computer technology equipment partner of the IOC.

Lenovo and IBM announce an agreement by which Lenovo will acquire IBM's Personal Computing Division.

2005

Lenovo completes the acquisition of IBM's Personal Computing Division, making it a new international IT competitor and the third-largest personal computer company in the world.

William J. Amelio is appointed as CEO and President of Lenovo.

2006
o

Lenovo technology flawlessly supports the 2006 Olympic Winter Games in Torino, Italy, supplying 5,000 desktop PCs, 350 servers and 1,000 notebook computers.

2007
o

The Beijing Organizing Committee for the Olympic Games selects a Lenovo-designed Olympic Torch as the winning design from among 300 entries.

2008

Lenovo enters the worldwide consumer PC market with new Idea brand.

Lenovo's ThinkPad X300 is called "the best laptop ever" byBusinessWeek magazine.

Lenovo provides a smooth, error-free performance at the Beijing Olympic Games, the largest sporting event in history.

2009
o

Lenovo becomes senior technology sponsor for the World Expo 2010 in Shanghai.

Lenovo sells its 1 millionth Idea Product.

2010s

2010
o o

Lenovo introduces LePhone, its first smartphone Lenovo sells its 60 millionth ThinkPad

2011
o

Lenovo forms Mobile Internet Digital Home (MIDH) business unit to attack growing opportunity in consumer devices such as smartphones, tablets and smart TV

Lenovo forms a joint venture with NEC, creating the largest PC company in Japan.

Lenovo acquires Medion, a PC and consumer electronics company based in Germany, substantially increasing presence in consumer market in Western Europe.

2012
o

Lenovo forms a joint venture with EMC to sell servers in China and develop storage solutions

Lenovo acquires Stoneware, a software firm focused on cloud computing

o o

Lenovo sells its 75 millionth ThinkPad

2013

o o

Lenovo becomes the world's #1 PC company Lenovo reaches #329 in the Fortune 500 list of the world's largest companies

Lenovo acquires CCE, a leading consumer electronic company in Brazil

Lenovo becomes the world's #3 smartphone company

Management

YANG Yuanqing
Chairman and Chief Executive Officer

Gianfranco LANCI
Executive Vice President and Chief Operating Officer; President, EMEA and Asia Pacific Mature Markets

LIU Jun
Executive Vice President; President, Mobile Business Group

WONG Wai Ming

Executive Vice President and Chief Financial Officer

Gerry P. SMITH
Executive Vice President; President, Enterprise Business Group and Americas

Dr. Peter HORTENSIUS

Senior Vice President and Chief Technology Officer

CHEN Xudong
Senior Vice President, Lenovo Group President, Lenovo China and Asia Pacific Emerging Markets

HE Zhiqiang
Senior Vice President; President, Ecosystem and Cloud Business Group

QIAO Jian
Senior Vice President, Human Resources

David ROMAN
Senior Vice President and Chief Marketing Officer

WANG Xiaoyan
CIO & Senior Vice President, IT & BT; Senior Vice President, WW Services

Jay CLEMENS
Senior Vice President, Legal

YANG Yuanqing
Chairman and Chief Executive