Legend : PROPOSED ELECTION OF MEMBERS OF THE BOARD AND THE BOARD OF SUPERVISORS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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)

PROPOSED ELECTION OF MEMBERS OF THE BOARD AND

THE BOARD OF SUPERVISORS

Election of Directors of the Third Session of the Board

According to the Articles of Association of Legend Holdings Corporation (the "Company"), the directors of the Company (the "Director(s)") shall hold office for a term of three years. Upon maturity of the term of office, a Director shall be eligible to offer himself/herself for re-election and reappointment, subject to the approval by shareholders of the Company (the "Shareholder(s)") at the general meeting. As the terms of office of the Directors of the second session of the board of Directors of the Company (the "Board"), namely, Mr. NING Min and Mr. LI Peng as Executive Directors; Mr. ZHU Linan, Mr. ZHAO John Huan, Mr. WU Lebin, Mr. SUO Jishuan and Mr. WANG Yusuo as Non-executive Directors; and Mr. MA Weihua, Ms. HAO Quan and Mr. YIN Jian'an as Independent Non-executive Directors will expire soon.

Since Mr. WU Lebin and Mr. WANG Yusuo need more time to devote themselves to their personal business commitments, they will not seek re-election at the 2020 annual general meeting (the "2020 AGM") and will cease to be the Non-executive Directors upon the conclusion of the 2020 AGM. Each of Mr. WU Lebin and Mr. WANG Yusuo has confirmed that he has no disagreement with the Company or the Board, nor is there any information in relation to his retirement that is required to be brought to the attention of the Shareholders.

Mr. YANG Jianhua ("Mr. YANG") has been nominated by the nomination committee (the "Nomination Committee") and the Board as the candidate for Non-executive Director of the third session of the Board to be elected at the 2020 AGM.

Mr. NING Min, Mr. LI Peng, Mr. ZHU Linan, Mr. ZHAO John Huan, Mr. SUO Jishuan, Mr. MA Weihua, Ms. HAO Quan and Mr. YIN Jian'an are eligible and willing to offer themselves for re-election, they have been nominated by the Nomination Committee and the Board as the candidates for Directors of the third session of the Board to be re-elected at the 2020 AGM.

- 1 -

The term of office of the Directors of the third session of the Board shall be three years commencing on the date of the approval of the relevant ordinary resolutions and ending on the conclusion of the general meeting of the Company at which the fourth session of the Board will be elected. The Directors of the third session of the Board will enter into service contracts with the Company. The Board has recommended that the Shareholders authorize the Board, after taking into account the recommendation from the remuneration committee of the Company, to determine the remuneration of the Directors of the third session of the Board.

Election of Supervisors of the Third Session of the Board of Supervisors

According to the Articles of Association of the Company, a supervisor of the Company (the "Supervisor(s)") shall be appointed for a term of three years. As the term of office of Mr. LUO Cheng, being the Shareholder representative Supervisor of the second session of the board of Supervisors of the Company (the "Board of Supervisors"), will expire soon, he is eligible and willing to offer himself for re-election. He has been nominated by the Nomination Committee and Board as the candidate for a Shareholder representative Supervisor of the third session of the Board of Supervisors to be re-elected at the 2020 AGM.

Mr. YANG is to be elected as the Non-executive Director at the 2020 AGM. Therefore, he will not offer himself for re-election as the Shareholder representative Supervisor at the 2020 AGM. Mr. YANG will cease to be the Shareholder representative Supervisor upon the conclusion of the 2020 AGM. Mr. YANG has confirmed that he has no disagreement with the Company or the Board or the Board of Supervisors, nor is there any information in relation to his retirement that is required to be brought to the attention of the Shareholders.

Mr. ZHANG Yong ("Mr. ZHANG") has been nominated by the Nomination Committee and the Board as the candidate for the Shareholder representative Supervisor of the third session of the Board of Supervisors to be elected at the 2020 AGM.

The term of office of the Supervisors of the third session of the Board of Supervisors shall be three years commencing on the date of the approval of the relevant ordinary resolutions and ending upon the conclusion of the general meeting of the Company at which the fourth session of the Board of Supervisors will be elected. The Supervisors of the third session of the Board of Supervisors will enter into service contracts with the Company. The Board has recommended that the Shareholders authorize the Board, after taking into account the recommendation from the remuneration committee of the Company, to determine the remuneration of the Supervisors of the third session of the Board of Supervisors.

According to the Articles of Association of the Company, the staff representative Supervisors shall be elected by the Company's staff congress and are exempt from the approval by the Shareholders. The terms of office of staff representative Supervisors shall be three years, which is the same as Shareholder representative Supervisors.

- 2 -

The above elections will become effective upon the approval and the passing of the ordinary resolutions separately by the Shareholders (including their proxies) who attend and vote at the 2020 AGM. Ordinary resolutions in relation to the re-election and election of the Directors of the third session of the Board and the Supervisors of the third session of the Board of Supervisors and determination of their remuneration are set out in the notice of the 2020 AGM dated April 23, 2021. The biographical details and other information of all the candidates of the Directors of the third session of the Board and the Supervisors of the third session of the Board of Supervisors (excluding staff representative Supervisors) are set out in the Company's circular dated April 23, 2021.

The Board would like to express its heartfelt thanks to Mr. WU Lebin, Mr. WANG Yusuo and Mr. YANG for the valuable contributions made for the Company during their tenure as Directors and Supervisor, respectively, and welcome Mr. YANG for joining the Board and Mr. ZHANG for joining the Board of Supervisors.

The biographical and other information of the candidates to be nominated as new members of the third session of the Board and the Board of Supervisors are as follows:

Mr. YANG Jianhua (楊建華), aged 51, was appointed as a Supervisor of the Company on June 12, 2020. Mr. YANG is currently the deputy secretary of the Party Committee of the enterprises of Chinese Academy of Sciences in the Beijing region (中國科學院京區企業), the vice-chairman and general manager of Chinese Academy of Sciences Holdings Co., Ltd. (中 國科學院控股有限公司) ("CAS Holdings"), our substantial Shareholder, a director of China Science Publishing & Media Ltd. (中國科技出版傳媒股份有限公司) (listed on Shanghai Stock Exchange) , a director of Chengdu Information Technology of Chinese Academy of Sciences Co., Ltd. (中科院成都信息技術股份有限公司) (listed on the ChiNext market of Shenzhen Stock Exchange) and the chairman of China Science Publishing & Media Group Ltd. (中國科技 出版傳媒集團有限公司). Mr. YANG successively served as the secretary of the Youth League Committee of Chinese Academy of Sciences (中國科學院團委), the assistant to the dean of Graduate School of Chinese Academy of Sciences (中國科學院研究生院), the secretary of the Party Committee and deputy director of Science News of Chinese Academy of Sciences (中國科 學院科學時報社), a member of the Party Committee of the management committee and deputy director (bureau level) of Zhongguancun Science and Technology Park in Beijing (北京市中 關村科技園區), the associate dean (bureau level) and a member of the sub-group of the Party Committee of Guangzhou Branch of Chinese Academy of Sciences (中國科學院廣州分院),as well as the secretary of the Party Committee of Shenzhen Institutes of Advanced Technology of Chinese Academy of Sciences (中國科學院深圳先進技術研究院). Mr. YANG obtained a master's degree in management from the University of Science and Technology of China in 1998.

Mr. ZHANG Yong (張勇), aged 51, has joined CAS Holdings since 2005. At present, he is the deputy general manager and member of the Standing Committee of the Party committee of the CAS Holdings, the director of China Science Publishing & Media Ltd. (中國科技出版傳 媒股份有限公司) (listed on Shanghai Stock Exchange), the director of Chengdu Information Technology of Chinese Academy of Sciences Co., Ltd. (中科院成都信息技術股份有限公司) (listed on the ChiNext market of Shenzhen Stock Exchange), the chairman of Chinese Academy of Sciences Capital Management Co., Ltd and Yangtze River Delta Capital Management Co., Ltd. Mr. ZHANG received his MBA degree from Tsinghua University in 2001.

- 3 -

Save as disclosed above, each of Mr. YANG and Mr. ZHANG has confirmed that he (i) does not have any interests in the shares of the Company and of underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (ii) is not connected with any Director, Supervisor, senior management or substantial Shareholder; and (iii) has not held any directorship in any other listed company in the past three years.

Save as disclosed above, as at the date of this announcement, the Board is not aware of any information relating to the aforesaid candidates that is required to be disclosed under Rule 13.51(2) of the Listing Rules. There is no information relating to the aforesaid elections that is required to be brought to the attention of the Shareholders.

By order of the Board

Legend Holdings Corporation

NING Min

Chairman

April 23, 2021

As at the date of this announcement, the Executive Directors of the Company are Mr. NING Min and Mr. LI Peng; the Non-executive Directors are Mr. ZHU Linan, Mr. ZHAO John Huan, Mr. WU Lebin, Mr. SUO Jishuan and Mr. WANG Yusuo; and the Independent Non-executive Directors are Mr. MA Weihua, Ms. HAO Quan and Mr. YIN Jian'an.

- 4 -