Summary by Moomoo AI
LENOVO GROUP LIMITED ANNOUNCES THE RENEWAL OF THE CONTINUING CONNECTED TRANSACTION AGREEMENT WITH THE MEMBERS OF FUJITONG GROUP, WHICH IS EXTENDED UNTIL MAY 2, 2025. The purpose of this initiative is to continue the partnership that began on 2 November 2017 and, building on the basis of previous cooperation, will continue to provide and accept services such as transition services, employee lending, manufacturing and sales distribution. Through its wholly owned subsidiary Lenovo International, Lenovo International, the Lenovo Group holds 51% of FCCL and Fujitsu holds the remaining 49%, making Fujitsu a related party to Lenovo. The Board of Directors has approved the renewal of the transaction and confirmed that the terms are fair and reasonable in the best interests of the company and shareholders. Under the...Show More