Lenovo 2012 Annual Report Download - page 97

2011/12 Annual Report Lenovo Group Limited 95
Substantial Shareholders’ and Other Persons’ Interests
As at March 31, 2012, the following persons (other than the directors and chief executive of the Company as disclosed above) had
an interests or short positions in the shares and/or underlying shares of the Company as recorded in the register required to be
kept under section 336 of the SFO:
Capacity and number of shares/
underlying shares held
Name
Long position/
short position
Beneficial
owner
Corporate
interests
Aggregate
long and short
positions
Approximate
percentage of
interests
(Note 1)
Legend Holdings Limited* Long position 2,667,636,724 802,919,317 3,470,556,041 33.60%
(Note 2)
Short position –233,500,000 233,500,000 2.26%
(Note 2)
Right Lane Limited Long position 802,919,317 –802,919,317 7.77%
Short position 233,500,000 –233,500,000 2.26%
Sureinvest Holdings Limited Long position 800,000,000 –800,000,000 7.75%
(Note 3)
* Direct transliteration of its Chinese company name
Notes:
1. The approximate percentage of interests is based on the aggregate nominal value of the shares/underlying shares comprising the interests held
as a percentage of the aggregate nominal value of all the issued share capital of the Company of the same class immediately after the relevant
event and as recorded in the register maintained under section 336 of the SFO.
2. The shares were held by Right Lane Limited, a direct wholly-owned subsidiary of Legend Holdings Limited.
3. Mr.YangYuanqingholdsmorethanone-thirdoftheissuedsharecapitalofSureinvestHoldingsLimited(“SHL”).Accordingly,Mr.YangYuanqing
is deemed to have interests in those 800,000,000 shares of the Company’s issued share capital held by SHL under the SFO. This interest is
alsoincludedasacorporateinterestsofMr.YangYuanqingintheabovesectionheaded“Directors’Interests”.
Save as disclosed above, as at March 31, 2012, no other persons (other than the directors and chief executive of the Company,
whoseinterestsaresetoutintheabovesectionheaded“Directors’Interests”)hadanyinterestsorshortpositionsinthesharesor
underlying shares of the Company as recorded in the register required to be kept by the Company under section 336 of the SFO.
Retirement Scheme Arrangements
The Company contributes toward retirement income protection for its employees through the provision of defined benefit pension
plans, defined contribution plans, and/or contributions to various public retirement schemes in certain jurisdictions. These benefits
form an important part of the company’s total compensation and benefits program that is designed to attract and retain highly
skilled and talented employees.
Defined Benefit Pensions Plans
Chinese Mainland – Retirement Schemes
TheGroupparticipatesinrespectivelocalmunicipalgovernmentretirementschemesinthemainlandofChina(“ChineseMainland”)
whereby it is required to make an annual contribution of no more than 20% of three times the monthly average salaries as
set out by the local municipal government each year. The local municipal governments undertake to assume the retirement
benefit obligations of all retirees of the qualified employees in the Chinese Mainland. In July 2006, the Group has established
a supplemental retirement program for its employees in China. This is a defined contribution plan, with voluntary employee
participation.
In addition to the above, the Group has defined benefit and/or defined contribution plans that cover substantially all regular
employees, and supplemental retirement plans that cover certain executives. Information on the principal pension plans sponsored
by the Group is summarized in this section.