Mr. Chu does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Mr. Chu has a family interest of 30,000 shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance as at the date of this announcement.
Save as disclosed above, there are no other matters relating to the appointment of Mr. Chu that need to be brought to the attention of the shareholders of the Company and there is no further information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board would like to take this opportunity to welcome Mr. Chu to the Board.
Li Ning Company Limited is one of the leading sports brand enterprises in the PRC. It has its own branding, research and development, design, manufacturing, distribution and retail capabilities. The Group's products include sports footwear, apparel and accessories for sport and leisure use which are primarily sold under its own LI-NING brand.