Lenovo issues emergency security patch for hundreds of models
techradar.com
techradar.com
What are "elevated privileges"? If I lose my laptop and it's locked, can someone execute arbitrary code with this?
That said, if you lose your laptop and it is not encrypted you can safely assume the thief has full access, locked or not.
Scroll down for the list: https://support.lenovo.com/us/en/product_security/LEN-94953