The Board of Directors of Li Ning Company Limited announced that Mr. Li Qilin has been appointed as a non-executive director of the company with effect from 13 December 2017. Mr. Li Qilin, aged 30, has considerable experience in financial services industry and was an analyst of Persistent Asset Management Limited during the period from January 2010 to July 2013. He is an executive director and a member of the executive committee of Viva China Holdings Limited, the shares of which are listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. As at the date of this announcement, Viva China is a substantial shareholder of the Company holding indirectly 299,374,000 ordinary shares of the company, representing approximately 13.74% of the total issued share capital of the company, and convertible securities which are convertible into 249,827,543 Shares.