Legend : Issue of 2019 Corporate Bonds (Tranche 3) by the Company in the PRC

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聯想控股股份有限公司

Legend Holdings Corporation

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03396)

Issue of 2019 Corporate Bonds (Tranche 3) by the Company in the PRC

The general mandate granted to the board of directors (the "Board") of Legend Holdings Corporation (the "Company") to issue debt financing instruments of not more than RMB28 billion in aggregate and to authorize the Board to deal with all matters in relation to the issuance of debt financing instruments was approved by the shareholders of the Company at the annual general meeting of the Company held on June 16, 2017 (please refer to the circular of the Company dated April 17, 2017 and the announcement of the Company dated June 16, 2017 for details).

Reference is made to the announcement of the Company dated September 28, 2018 in relation to the proposed application by the Company for the issue of corporate bonds with an aggregate amount of not more than RMB18 billion. The Company received 證監許可 [2018] 1835號

文 (Circular Zheng Jian Xu Ke [2018] No. 1835) issued by the China Securities Regulatory

Commission, under which the public issue by the Company of corporate bonds of not more than

RMB18 billion in aggregate for a term of two years to qualified investors was approved. It is proposed that such corporate bonds will be issued in tranches and will be listed and traded on the

Shanghai Stock Exchange. Under such approval, the Company has issued a total of corporate bonds with an aggregate amount of RMB6.5 billion.

The Board announce that the Company will issue corporate bonds for the year 2019 (tranche 3) with total issue size of not more than RMB2.5 billion (the "Third Tranche of Bonds") to qualified investors during the period from October 17, 2019 to October 18, 2019, of which the basic issue size will be RMB1.5 billion and the over-allotment size will be not more than RMB1 billion. Both the par value and the issue price of the Third Tranche of Bonds will be RMB100, and the Third Tranche of Bonds will be issued at par. The proceeds from the issue of the Third Tranche of Bonds will be utilized towards repayment of interest-bearing debts. The Third Tranche of Bonds have a term of three years. As the issuer of the Third Tranche of Bonds, the Company has the right to adjust the coupon rate in the first and second anniversary of the issue date. The coupon rate of the Third Tranche of Bonds will be determined by the Company and the lead underwriters upon negotiations and with reference to the offline book-building results. The lead underwriters for the Third Tranche of Bonds are CITIC Securities Company Limited (中信證券股份有限公司) and Everbright Securities Company Limited (光大證券股份有限公司). The credit rating agency for this issue is United Ratings Co., Ltd. (聯合信用評級有限公司), which has assigned "AAA" rating to both the Company and the Third Tranche of Bonds.

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The issue documents such as prospectus for the Third Tranche of Bonds were published on the website of Shanghai Stock Exchange (http://www.sse.com.cn/) on October 15, 2019 in accordance with the applicable PRC laws and regulations. Shareholders and investors of the Company may visit such website to access the prospectus for the Third Tranche of Bonds, which contains information on the credit ratings, business overview, financial statements and relevant financial indicators of the Company.

The Company would like to remind shareholders and investors of the Company that the financial data in the relevant information on the issue of the Third Tranche of Bonds by the Company as published on the said website was prepared under the China Accounting Standards for Business Enterprises and that such information was published in accordance with the relevant PRC laws and regulations and for the information of the investors of the Third Tranche of Bonds only. Shareholders and investors of the Company should also note that the Company prepares its financial statements under the International Financial Reporting Standards, and the financial information prepared under the China Accounting Standards for Business Enterprises may be different from those prepared under the International Financial Reporting Standards.

Shareholders and investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Legend Holdings Corporation

NING Min

Executive Director and Joint Company Secretary

Hong Kong, October 15, 2019

As at the date of this announcement, the Executive Directors of the Company are Mr. LIU Chuanzhi, Mr. ZHU Linan, Mr. ZHAO John Huan and Mr. NING Min; the Non-executive Directors are Mr. WU Lebin and Mr. SUO Jishuan; and the Independent Non-executive Directors are Mr. MA Weihua, Mr. ZHANG Xuebing and Ms. HAO Quan.

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