Newman(02530.HK): Suggest obtaining prior authorization to sell potential Lenovo Group share sales.

Zhilian Finance and Economics APP News, Newman (02530.HK) announced that the Group intends to further sell the maximum number of potential Lenovo Group shares on the open market based on current market conditions. The actual price of the potential sale of Lenovo Group shares will be based on the market price on the date of each sale. Due to the volatility of the stock market, it is necessary to make quick decisions to sell shares at the best price. It is impractical to seek shareholder approval or written approval from the controlling shareholder in advance for each sale of Lenovo Group shares. In order to be able to flexibly sell Lenovo Group shares at the right time and price in the future to maximize the return of the Group, the Company recommends obtaining prior authorization to sell, so that the directors can sell the maximum number of potential Lenovo Group shares during the authorization period. Since the potential sale of Lenovo Group shares will be conducted through the open market, the Company will not know the identities of the buyers of each Lenovo Group share transaction, and expects that the buyers of such Lenovo Group shares will be independent third parties.