On September 8, LENOVO GROUP fell 3.83% in regular trading, trading at HK$31.16 per share, with turnover of approximately HK$124 million.

On the news front, LENOVO GROUP announced on September 7 that between September 5 and the announcement date, bondholders exercised conversion rights on approximately $48.71 million of the 2.50% convertible bonds due 2029, which were converted and canceled at an adjusted conversion price of HK$8.37 per share, resulting in the issuance of roughly 45.6 million new shares. The remaining outstanding principal stands at approximately $117.4 million, which the company will redeem in full at par on September 16. Since the redemption notice issued on August 17, over 75% of the original $675 million principal has been converted into equity, creating sustained dilution pressure on the share price in the near term. If the remaining bonds are fully converted before redemption, LENOVO GROUP would issue up to an additional 109.9 million shares, representing about 0.86% of total issued shares.

Additionally, broader Hong Kong market sentiment turned negative, with the Hang Seng Index opening down 0.63% and technology stocks declining broadly, amplifying selling pressure on the stock.

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