The issuer's predecessor was New Technology Development Company of the Institute of Computing Technology of the Chinese Academy of Sciences. It was a privately owned enterprise approved by the Chinese Academy of Sciences and funded by the Institute of Computing Technology of the Chinese Academy of Sciences on November 9, 1984. The registered capital is RMB 1,300,000. In June 1990, with the approval of the High-tech Enterprise Bureau of the Chinese Academy of Sciences, the New Technology Development Company of the Institute of Computing Technology of the Chinese Academy of Sciences reduced its registered capital to RMB 1,000,000, and changed its name to Beijing Lenovo Computer New Technology Development Company in April 1991. In August 1998, with the approval of the High Technology Promotion and Enterprise Bureau of the Chinese Academy of Sciences and the Institute of Computing Technology of the Chinese Academy of Sciences, Beijing Lenovo Computer New Technology Development Company changed its name to Lenovo Group Holding Company and increased its registered capital to RMB 100,000,000. In April 2000, with the approval of the Ministry of Finance and the Ministry of Science and Technology of the People's Republic of China, it was agreed that Lenovo Group Holding Company would be restructured into a limited liability company. On 2001/6/22, with the approval of the Chinese Academy of Sciences, Lenovo Group Holding completed the restructuring and changed its name to Lenovo Holdings Co., Ltd. on the same day. The registered capital was RMB 660,860,399.40, of which the investments of the Chinese Academy of Sciences and the former Employee Shareholding Association were RMB 429,559,259.61 and RMB 231,301,139.79 respectively, with holding ratios of 65% and 35% respectively. In August 2013, Lenovo Holdings Co., Ltd. began a shareholding system reform and conducted an independent evaluation of its net assets as of 2013/6/30. According to the evaluation report, the book value of the audited net assets is RMB 2,529,122,962, which is used to determine the amount of investment required by the sponsor to register and establish the company. On January 23, 2014, after approval from the Chinese Academy of Sciences's “Approval on the Overall Change of Lenovo Holdings Co., Ltd. to Establish a Joint Stock Company” (Letter issued by Ke (2014) No. 9), Guoke Holdings, Joint Stock Zhiyuan, China Oceanwide, Lianheng Yongxin, Liu Chuanzhi, Zhu Linan, Chen Shaopeng, Tang Xudong, Ning Min, and Huang Shaokang initiated the establishment of Lenovo Holdings Co., Ltd. on the basis of Lenovo Holdings Co., Ltd. based on the net assets of the parent company that had been audited as of 2013/6/30. The share capital is RMB 2,000,000,000, and the shareholding ratio of each shareholder remains unchanged. On February 18, 2014, the Beijing Administration for Industry and Commerce issued a new business license to the issuer. According to the “Approval for the Issuance of Overseas Listed Foreign Shares by Lenovo Holdings Co., Ltd.” (Securities Regulatory License (2015) No. 676) issued by the China Securities Regulatory Commission on April 20, 2015, the issuer completed the issuance of shares (H shares) to overseas investors and listed them on the Hong Kong Stock Exchange on June 29, 2015, stock code 3396.HK. As of December 31, 2015, the total share capital of the Company was RMB 2,356,230,900. On January 25, 2016, the issuer's address was changed to 1701, 17th Floor, Building 1, Yard 2, Science Academy South Road, Haidian District, Beijing. On April 23, 2018, the issuer was approved by the China Securities Regulatory Commission and became the first pilot enterprise in the H-share “full circulation” pilot. On June 6, 2018, a total of no more than 880 million domestic shares held by the issuer's eight shareholders were converted into H shares that can be listed and traded on the main board of the Hong Kong Stock Exchange. After this conversion, Lenovo Holdings' share structure will be about 1,084 million domestic shares, accounting for about 46.02%; H shares are about 1.27 billion shares, accounting for about 53.98%. Announcement on December 19, 2019: Ning Min is the chairman, and Li Peng is the general manager.