Lenovo Group Limited (the “Company”) announced a revision to the annual cap under its Manufacturing Agreement (FIT) with Fujitsu Isotec Limited for the financial year ending March 31, 2026. The cap was raised from JPY 503.00 million (approximately US$3.25 million) to JPY 554.00 million (approximately US$3.58 million), reflecting higher-than-anticipated printer order volume. As a result, the Company’s aggregate revised annual caps for income and expenses rose slightly to JPY 247,282.00 million (approximately US$1,596.70 million).

In addition, the Company entered into Side Letters with Fujitsu Limited and its affiliates to extend the term of four principal agreements beyond their current expiry on May 2, 2026. These arrangements—covering transitional services, manufacturing, sales and distribution, and the use of Fujitsu trademarks—are now extended to May 1, 2027, under the same general terms and conditions. The Board approved new annual caps for the financial year ending March 31, 2027, with the total for income and expenses set at JPY 195,720.00 million (approximately US$1,263.80 million).

According to the announcement, the transactions continue on normal commercial terms and in the ordinary and usual course of business. Under applicable rules, these continuing connected transactions and corresponding annual caps are subject to annual review, reporting, and announcement requirements but exempt from further approval provisions. The Board (including independent non-executive directors) considered the terms reasonable and in the interest of shareholders as a whole.