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DIRECTORS’ REPORT
Lenovo Group Limited 2012/13 Annual Report
108
Continuing Connected Transactions (continued)
NEC Fielding Agreement
Date: January 15, 2004
Parties: NEC Fielding Ltd., a subsidiary of NEC, and NECP (whose rights and obligations were
transferred to NECPC, a member of the JVCo Group, on and following the Closing Date)
Services provided/received: NEC Fielding Ltd. agreed to provide maintenance and other ancillary services for certain
equipments sold by the JVCo Group following the Closing Date.
Term: The initial term ended on March 31, 2004 and is automatically renewed for additional one-
year term unless either party gives prior termination notice.
Annual cap: 1/7/2011 – 31/3/2012 : JPY2,665 million (US$32,246,500)
1/4/2012 – 31/3/2013 : JPY3,553 million (US$42,991,300)
1/4/2013 – 31/3/2014 : JPY3,553 million (US$42,991,300)
1/4/2014 – 31/3/2015 : JPY3,553 million (US$42,991,300)
1/4/2015 – 31/3/2016 : JPY3,553 million (US$42,991,300)
1/4/2016 – 1/7/2016 : JPY888 million (US$10,744,800)
NEC Mobiling Agreement
Date: April 1, 1995
Parties: NEC Mobiling, Ltd., an associate of NEC, and NECP (whose rights and obligations were
transferred to NECPC, a member of the JVCo Group on and following the Closing Date)
Services provided/received: NEC Mobiling, Ltd. agreed to purchase from NECPC products such as personal computers
and peripheral devices, word processors, telecommunication devices such as facsimiles and
phones, electric appliances (including game machines) and other relevant products and shall
sell such products to customers as a dealer of NECPC.
Term: The initial term is one year from the date of the agreement and is automatically renewed for
additional one-year terms unless either party gives prior termination notice.
Annual cap: 1/7/2011 – 31/3/2012 : JPY50 million (US$605,000)
1/4/2012 – 31/3/2013 : JPY66 million (US$798,600)
1/4/2013 – 31/3/2014 : JPY66 million (US$798,600)
1/4/2014 – 31/3/2015 : JPY66 million (US$798,600)
1/4/2015 – 31/3/2016 : JPY66 million (US$798,600)
1/4/2016 – 1/7/2016 : JPY16 million (US$193,600)