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Tonight, Huang Weiming issued a statement apologizing, saying that "in response to the reporter's suggestion that the United States may continue to impose tariffs on how to deal with tariffs in the current Sino-US trade conflict, the misrepresentation of the media and the public is caused by my inaccurate expressions. I apologize for this."
Previously, Lenovo’s official official number responded to netizens’ questioning: It is true to see where money is invested. Do you really think that there are countries or regions in China that can be replaced? Lenovo will invest 300 million US dollars to build a new intelligent manufacturing base in Shenzhen. "300 million US dollars is the actual action."
The following is the full text of Huang Weiming's statement:
On May 23, after the fourth quarter and full-year results announcement of Lenovo's 2018/19 fiscal year, I accepted CNBC Cable.TVNews station interview. In response to the reporter's suggestion that the United States may continue to impose tariffs on how to deal with tariffs in the current Sino-US trade conflict, I apologize and clarify the following due to the inaccuracy of my relevant statements, which caused misunderstanding by the media and the public:
As a company with operations in 180 countries and regions around the world, Lenovo has established a mature, continuous and innovative supply chain system worldwide.
Currently, we have 36 manufacturing plants in Asia, Europe, North America and South America, 11 of which are Lenovo's own manufacturing bases.
Even if individual regional policies may affect us, we can still rely on China's intellectual creation as a foundation to address possible problems by arranging global industrial chains.
As we announced today at the Lenovo Global Supplier Conference in Macau, we will invest more than RMB 2 billion to build a new intelligent manufacturing base in Shenzhen, which is planned to be completed within 2-3 years. In the future, Lenovo will continue to increase investment in China's smart manufacturing, and strive to make greater contributions to the upgrading of smart manufacturing in China and the world.
Wong Wai Ming
Executive Vice President and Chief Financial Officer of Lenovo Group
May 24, 2019