Lenovo 2016 Annual Report Download - page 148

146 Lenovo Group Limited 2015/16 Annual Report
DIRECTORS’ REPORT
DIRECTORS’ INTERESTS (continued)
(ii) Interests in shares and underlying shares of the associated corporations of the Company
Name of
director
Name of
associated
corporations
Long position/
short position
Capacity/
nature of interests
Number and
class of shares/
underlying
shares held
Approximate
percentage
of interests
(Note 4)
Mr. Yang
Yuanqing
SHENQI Holdings
Limited
Long position Personal interests
held as beneficial
owner
4,200,000
ordinary shares
4.42%
Mr. Yang
Yuanqing
SHAREit Technology
Holdings Inc.
Long position Personal interests
held as beneficial
owner
5,500,000
series A
preferred shares
15.98%
Notes:
1. Share awards represent underlying shares convertible into ordinary shares. Details of share awards are set out under the section
headed “Long-Term Incentive Program” in the Compensation Committee Report.
2. The approximate percentage of interests is based on the shares/underlying shares comprising the interests held as a percentage of
the total number of shares in issue of the Company of the same class immediately after the relevant event and as recorded in the
register maintained under section 352 of the SFO.
3. The shares are held by Sureinvest Holdings Limited in which Mr. Yang Yuanqing holds more than one-third of the voting power at
its general meetings. Therefore, Mr. Yang is taken to have an interest in 602,804,000 shares under the SFO and such interest is also
reported under the below section headed “Substantial Shareholders’ and Other Persons’ Interests”.
4. The approximate percentage of interests is based on the shares comprising the interests held as a percentage of the total number
of shares in issue of the same associated corporation of the same class immediately after the relevant event and as recorded in the
register maintained under section 352 of the SFO.
Save as disclosed above, as at March 31, 2016, none of the directors or chief executive of the Company or their
associates had any interests or short positions in the shares, underlying shares or debentures of the Company or its
associated corporations (within the meaning of Part XV of the SFO) as recorded in the register maintained by the
Company under section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to
the Model Code.
DIRECTORS’ RIGHTS TO ACQUIRE SHARES OR DEBENTURES
Under the long-term incentive program of the Company, the Board or the trustee of the program shall select the
employees (including but not limited to the directors) of the Group for participation in the program, and determine the
number of shares to be awarded.
Details of the movements in the share awards for the year ended March 31, 2016 are set out under the section
headed “Long-Term Incentive Scheme” in the Compensation Committee Report and in the note 29(a) to the financial
statements.
Save as disclosed in the sections headed “Directors’ Interests” of this report, and “Long-Term Incentive Program” of the
Compensation Committee Report, at no time during the year ended March 31, 2016 was the Company or a specified
undertaking of the Company a party to any arrangements to enable the directors of the Company to acquire benefits
by means of acquisition of shares in, or debentures of, the Company or any other body corporate.