On August 29, 2025, Legend Holdings Limited ("LEGEND HOLDING" or "the Company"; Stock Code: 3396.HK) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 (the "Reporting Period"). In the first half of 2025, LEGEND HOLDING continued to adhere to the main theme of technology innovation-led high-quality development, seeking progress while maintaining stability, and further consolidating its industrial foundation. Meanwhile, the company continued to strengthen investment in technology and innovation, actively cultivate emerging and future industries, and accelerate the development of new quality productive forces to enhance core competitiveness.

During the reporting period, LEGEND HOLDING achieved revenue of RMB 281.589 billion, up 21% year-on-year; net profit of RMB 4.176 billion, up 49% year-on-year; and net profit attributable to equity holders of the Company of RMB 699 million, up 144% year-on-year. This growth benefited from continued improvement in profitability of major enterprises in the industrial operations segment, while losses in the investment business of the industrial incubation and investment segment narrowed year-on-year.

**Increased R&D Investment and Strategic Layout**

LEGEND HOLDING drives industrial innovation through technological innovation, accelerating the consolidation of traditional advantageous industries while actively exploring new fields, particularly in artificial intelligence, new materials, new energy, biomedicine and other frontier areas, cultivating emerging industries with international competitiveness. During the reporting period, the company continued to increase scientific research and venture capital efforts, with R&D investment growing 16% year-on-year to RMB 8.513 billion, reaching a new high for the half-year period.

Lenovo Group firmly grasped the opportunity of hybrid artificial intelligence rise, leveraging forward-looking layout and efficient execution to drive coordinated progress across all business segments through innovative achievements. Lianhong Technology continued to make new progress in R&D innovation, obtaining 22 new authorized patents during the reporting period. Its solid electrolyte dispersants, silicon-carbon anode binders and other new battery key functional materials passed downstream customer trial verification; developed multiple new polyolefin catalysts; completed development of 15 new products and PEEK (polyetheretherketone) product pilot testing, showing broad development prospects in high-end emerging fields such as medical, semiconductor, and humanoid robots.

In terms of strategic emerging industries and future industry layout, the Legend Holdings system supports national technological self-reliance and strength, investing in over 50 technology projects in the first half; promoting 5 companies to list on capital markets, with over 10 more companies entering listing procedures; in the market-focused areas of pharmaceuticals/healthcare and embodied intelligence, invested enterprise numbers exceeded 110 and 40 respectively, both ranking at industry-leading levels.

**AI Foundation and Industry-Research Synergy**

Through multi-level systematic technological innovation, LEGEND HOLDING continues to actively promote AI empowerment across all industries. Focusing on "Artificial Intelligence+" initiatives, the company has representative cases in the integration of AI with technology, industry, consumption, livelihood, governance, and global cooperation across six key areas.

During the reporting period, Lenovo Group launched its self-developed super intelligent agent matrix, with landmark technology products leading globally. AI PCs now account for over 30% of Lenovo Group's total PC shipments, maintaining the global number one position in the Windows AI PC category with a 31% market share; AI server growth tripled year-on-year, continuing to rank among global leaders; the "Tianxi Ecosystem" for AI terminals, "Wanquan Ecosystem" for AI infrastructure, and "Qingtian Ecosystem" for AI solutions and services have established deep cooperation with over 2,000 partners, accelerating the penetration of innovative AI technologies, products and applications.

Subsidiaries including Lianhong Technology, Fullhan Microelectronics, and Lakala are also fully promoting AI implementation, enriching industry best practices. For example, Fullhan Microelectronics actively promotes technology upgrades and product iterations, launching ultra-high pixel array products and low-light full-color cameras based on AI-ISP algorithms.

Meanwhile, the company is committed to building an AI+ application ecosystem, having cumulatively invested in over 270 AI enterprises, making it one of the investment institutions with the most complete system, highest number of enterprises, and longest duration in this field, continuously promoting sustainable development of China's AI ecosystem.

**Green Development and Quality-Efficiency Enhancement**

"Ecological priority, green development" is a philosophy that LEGEND HOLDING consistently adheres to and fully integrates into business development. Lenovo Group again received the highest MSCI ESG rating of AAA; its ESG solution "Lecycling" helps clients monitor key ESG indicators in factories; the Tianjin campus also received the "Ecological Carbon Neutral Factory" certificate from CESI Certification.

Lianhong Technology's newly deployed green industry projects including ultra-high molecular weight polyethylene lithium battery separator materials, lithium carbonate battery solvents, and PLA have all entered capacity ramp-up phases. EVA, POE photovoltaic film materials and PPC projects are planned for completion and production in 2025. Jolywood's high-efficiency N-type battery cell project continues to advance technical improvements and process optimization, with TOPCon mass production efficiency improving to 27.10% and yield rates stable above 97.5%, joining the industry's first tier.

Looking ahead, LEGEND HOLDING will further deepen technology innovation-led high-quality development, forge industrial resilience, optimize resource allocation, actively promote deep integration of artificial intelligence technological innovation and industrial innovation, construct an enterprise-led "industry-academia-research-application" collaborative innovation system, and spare no effort in cultivating strategic emerging industries and future industries, making greater contributions to Chinese modernization and national technological self-reliance and strength.