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III. REGULACIÓN LECRIM

2. RÉGIMEN LEGAL POSTERIOR A LA LEY ORGÁNICA DE

2.2. Normas específicas, tipos y condiciones en las que resulta

2.2.4. Registro remoto de equipos informáticos

At March 31, 2014, the Group had a headcount of approximately 54,000 worldwide.

The Group implements remuneration policy, bonus and long-term incentive schemes with reference to the performance of the Group and individual employees. The Group also provides benefits such as insurance, medical and retirement funds to employees to sustain competitiveness of the Group.

FuTuRe PRosPeCTs

LOOKING FORWARD, THE GROUP

IS BUILDING NEW PILLARS FOR

GROWTH, POSITIONING LENOVO

TO BECOME AN EVEN STRONGER

AND MORE DIVERSIFIED GLOBAL

TECHNOLOGY LEADER IN THE

FUTURE.

The broader PC industry still offers Lenovo plenty of opportunities for profitable growth, particularly as the industry consolidates. The tablet market will continue to grow, driven by the consumer desire for mobile devices.

FuTuRe PRosPeCTs

LOOKING FORWARD, THE GROUP

IS BUILDING NEW PILLARS FOR

GROWTH, POSITIONING LENOVO

TO BECOME AN EVEN STRONGER

AND MORE DIVERSIFIED GLOBAL

TECHNOLOGY LEADER IN THE

FUTURE.

The broader PC industry still offers Lenovo plenty of opportunities for profitable growth, particularly as the industry consolidates. The tablet market will continue to grow, driven by the consumer desire for mobile devices.

In the meantime, the smartphone industry has continued to see much faster growth than the traditional PC market. Lenovo, which has built a solid foundation across these lines of businesses, and is uniquely positioned to capture these arising opportunities.

Lenovo has demonstrated a consistent and solid track record in delivering strong results through strong execution of its clear strategy to balance short-term results and long-term objectives. This consists of

protecting and driving profitability in the core PC business, while attacking in faster growing Mobile, Enterprise and Ecosystem/Cloud businesses. Lenovo is committed to driving innovation, supported by its efficient business model and strong execution from its diverse global team to drive continuous strong future growth.

To facilitate the Group’s strategy and sustain its growth momentum, effective from April 1, 2014, Lenovo has established four new, distinct business groups (BG), including PC, Mobile, Enterprise, and Ecosystem and Cloud Services, as new pillars of growth for the company. Some of these will leverage the strength and competitive advantage in the traditional PC business. Others will need completely different core competencies because they represent entirely new opportunities. Each business group has a strong leader, a clear strategy, and is organized as end-to-end business with an aim to drive greater efficiency and future sustainable profitable growth in each market.

The evolution of Lenovo’s business leads the Group to the new “Triple PLUS” strategic roadmap. The first new PLUS combines PC, mobile and smart TV to become “Smart Connected Devices”, enabling the Group to share innovation, operational excellence, channel strengths and brands across all devices. The second PLUS combines Smart Connected Devices with Infrastructure Devices, forming the Total Device Portfolio, building on the strong relationships the Group established with enterprise customers and channel partners, to PCs, tablets and smartphones they get through Lenovo. The third PLUS combines Total Device Portfolio with Cloud Service to create The Lenovo Experience, thus delivering a compelling experience and value across the entire device portfolio for the customers.

To strengthen its future growth, the Group has recently announced plans for two acquisitions in mobile and enterprise areas. On the mobile front, Lenovo and Google Inc. entered into a definitive agreement on January 29, 2014 under which Lenovo plans to acquire the Motorola Mobility business, including the MOTOROLA brand and Motorola Mobility’s portfolio of innovative smartphones like the Moto X and Moto G and the DROID™ Ultra series. The Group believes the acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a truly global smartphone player in the fast-growing mobile space.

Meanwhile, on the enterprise front, Lenovo and International Business Machines Corporation (“IBM”) announced on January 23, 2014 a definitive agreement they have entered into under which Lenovo plans to acquire IBM’s x86 server business. The Group believes the acquisition, upon completion, can enable it to gain immediate scale and credibility in the server market and become a top global x86 server provider, capturing the significant growth opportunities in the enterprise hardware systems space.

Both transactions are subject to the satisfaction of regulatory requirements, customary closing conditions and any other needed approvals. The Group is working with authorities to close both deals, and is well prepared for the upcoming integration. Leveraging the experiences from integrations of past transactions, and the Post Merger Management office already in place, the Group is confident in creating synergy from the two acquisitions once they close.

Lenovo’s solid execution of its clear strategy has led the Group to establish a solid foundation and leadership in PC and mobile device markets, and its commitments to innovation built off a broad product portfolio helps differentiate the Group with market recognitions, which allowed the Group to deliver continuous growth despite market challenges. Looking forward, the Group aims to deliver a compelling experience and value across the entire device portfolio (PC, Mobile and Enterprise) with Cloud Services for the customers. This will further strengthen the Group and build new pillars for growth, positioning Lenovo to become an even stronger and more diversified global technology leader in the future. The Group will continue its investment in building its core competencies, product innovation, and end-to-end efficiency enhancing its competitiveness to ensure future sustainable profit growth.

The board of directors (the “Board”) and the management of Lenovo Group Limited (the “Company”) strive to attain and uphold a high standard of corporate governance and to maintain sound and well-established corporate governance practices for the interest sake of shareholders and other stakeholders including customers, suppliers, employees and the general public. The Company abides strictly by the governing laws and regulations of the jurisdictions where it operates and observes the applicable guidelines and rules issued by regulatory authorities. It regularly undertakes review of its corporate governance system to ensure it is in line with international and local best practices.

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