Lenovo Holdings (03396) plans to sell 11.29% of China Eastern Airlines Logistics's shares for 2,717 billion yuan

According to Zhitong Finance App News, Lenovo Holdings (03396) announced that on April 8, 2026, the company (as the seller) signed a share transfer agreement with China Logistics Capital (as the buyer). According to this, the company agreed to sell and China Logistics Capital agreed to acquire 179 million shares of the target company (Eastern Airlines Logistics Co., Ltd. (601156.SH)) (accounting for about 11.29% of the total shares of the company as of this announcement). The cash consideration was RMB 2,717 million. After the sale was completed, the company no longer held shares in the underlying company.

The target company is a leading domestic air logistics service provider. The company has invested in the target company for nearly ten years, and has cooperated a lot with the target company in terms of strategy, business, and corporate governance. This sale will introduce new long-term strategic investors to the target company, help the target company expand its layout in more fields at home and abroad in the new round of strategic cycles, and can further strengthen strategic and business collaboration between the company, the target company and new shareholders. In addition, the sale will also enhance the company's liquidity level and working capital, which is conducive to strengthening the company's financial and cash position. The net proceeds from the sale are intended to be used for daily operations and/or debt repayment.