$100 Million Sale of Equity: Lenovo Phones Enter a New Era - Mini Journal -- Mini Journal

At 10 o'clock in the morning, Beijing time, on January 31, 2008, the mobile phone channel news center of ZOL learned that Legend Group had sold all the interests of its mobile phone business to a private equity fund led by Hopu Investment for 100 million US dollars. Hopu Investment is a company under Legend Holdings Corporation specializing in mergers and acquisitions investment business. The transaction is subject to the approval of independent shareholders of Legend Group. Prior to this, Mr. Liu Zhijun, former General Manager of Legend Mobile, announced his resignation over the weekend, and his position was taken over by Mr. Lyu Yan, Senior Vice President of Legend Group responsible for global desktop business.