09:19     LENOVO GROUP<00992> - Announcement                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    Lenovo Group Limited                                                      
    (Incorporated in Hong Kong with limited liability)                        
    (Stock Code: 0992)                                                        
                                                                              
    PROPOSED OFF-MARKET REPURCHASE OF NON-VOTING SHARES                       
    AND CONNECTED TRANSACTION                                                 
                                                                              
    EXTENSION OF TIME FOR DESPATCH OF THE CIRCULAR                            
                                                                              
    Reference is made to an announcement made by the Company dated 4 May      
    2005 and published on 5 May 2005 in respect of, among other things, the   
    off-market share repurchase which constitutes a connected transaction.    
                                                                              
    The Company has applied to the Executive and the Stock Exchange for an    
    extension of time for publication of the Circular so that the Circular    
    can be despatched on 16 June 2005.                                        
                                                                              
    EXTENSION OF TIME FOR PUBLICATION OF THE CIRCULAR                         
                                                                              
    Reference is made to an announcement made by the Company dated 4 May      
    2005 and published on 5 May 2005 in respect of, among other things, the   
    off-market repurchase which constitutes a connected transaction (the      
    "Announcement"). Terms defined in the Announcement have the same          
    meaning in this announcement.                                             
                                                                              
    It has taken longer than anticipated for the Company to finalise the      
    circular to be dispatched to the Shareholders in relation to the Share    
    Repurchase (the "Circular"). The Company requires additional time to      
    include certain financial information in the Circular including the       
    financial effects of the Share Repurchase.                                
                                                                              
    Under the Takeovers and Mergers and Share Repurchases (the "Code"), the   
    Company is required to dispatch the Circular to the Shareholders within   
    21 days of the date of the Announcement, being 25 May 2005. The Company   
    has applied to the Executive for consent under the Code for an            
    extension of time for the dispatch of the Circular to the Shareholders    
    on or before 16 June 2005.                                                
                                                                              
    Under the Rules Governing the Listing of Securities on The Stock          
    Exchange of Hong Kong Limited, (the "Listing Rules"), the Company is      
    required to dispatch the Circular to the Shareholders within 21 days      
    after the publication of the Announcement, being 26 May 2005. The         
    Company has applied to the Stock Exchange from strict compliance with     
    Rule 14A.49 of the Listing Rules for an extension of time for the         
    dispatch of the Circular to the Shareholders on or before 16 June 2005.   
                                                                              
    The directors of the Company jointly and severally accept full            
    responsibility for the accuracy of information contained in this          
    announcement and confirm, having made all reasonable inquiries, that to   
    the best of their knowledge, opinions expressed in this announcement      
    have been arrived at after due and careful consideration and there are    
    no other facts not contained in this announcement, the omission of        
    which would make any statement in this announcement misleading.           
                                                                              
    As at the date of this announcement, the Executive Directors are Mr       
    Yang Yuanqing, Mr Stephen Maurice Ward, Jr and Ms Ma Xuezheng, the        
    Non-executive Directors are Mr Liu Chuanzhi, Mr Zhu Linan, Mr James G     
    Coulter, Mr Shan Weijian, Mr William O Grabe, Mr Justin T Chang           
    (alternate Director to Mr James G Coulter), Mr Ricky Wai Kei Lau          
    (alternate Director to Mr Shan Weijian) and Mr Vince Feng (alternate      
    Director to Mr William O Grabe); and Independent Non-executive            
    Directors are Mr Wong Wai Ming, Professor Woo Chia-Wei and Mr Ting Lee    
    Sen.                                                                      
                                                                              
    By Order of the board                                                     
    Yang Yuanqing                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 25 May 2005