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PEAK SPORT PRODUCTS CO., LIMITED

Units 1613 & 1615, 16' Floor, Tower Two, Llppo Centre, 89 Queensway, Hong Kong

(Incorporated in the Cayman Islands with limited liability)

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Tel it : (852) 31631380

FaK 'l!f;il{ : (852) 31631381

Website fil: : http;J/www.peak$port.com

Xiang Bing

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26H, Tower 2 Meilin Garden

33 Zi Zhu Yuan Road, Haidian District Bejing, China

22 September 2015

2015 if 9 J=l 22 B

Dear Sir,

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Appointment of Independent Non-executive Director

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We hereby write to confirm the terms and conditions of your appointment as an independent non-executive director of Peak Sport Products Company Limited (the "Company").

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  1. We appoint you to act as an independent non-executive director of the Company (the "Independent Non-executive Director") subject to the terms and conditions provided below.

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  2. Your appointment as the Independent Non-executive Director shall commence on 29 September 2015 and end on 28 September 2018 (both days inclusive). The appointment may be terminable at any time by either of us by giving the other party not less than two (2) months' prior notice in writing.

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  3. Your appointment is subject to the provisions of the Company's articles of association (the "Articles of Association") and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") in force from time to time.

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  4. Your remuneration is determined by the board of directors of the Company (the "Board") under the authority of the Company's shareholders given in a general meeting. Unless determined otherwise, you shall be entitled to an annual remuneration of RMB 180,000 (or equivalent amount in foreign currency) or a pro-rata amount for any incomplete year. The Company's procedures require you to obtain an authorisation in advance from the Chairman of the Board for any item of expenditure that is to be reasonably incurred by you in the discharge of your duties hereunder.

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  5. Under Article 86 of the Articles of Association, the office of a director of the Company is liable to be vacated in certain circumstances. Further, under Article 83(5) of the Articles of Association, the shareholders of the Company may remove any director of the Company by an ordinary resolution at a general meeting.

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  6. Under paragraph A6.2 of Appendix 14 to the Listing Rules, your functions as the Independent Non-executive Director should include but not be limited to the following:

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    Peak Sport Products Co., Limited

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    Units 1613 & 1615, 161 Floor, Tower Two, Lippo Centre, 89 Queensway, Hong Kong

    1. participating in board meetings of the Company to bring an independent judgment to bear on issues of strategy, policy, performance, accountability, resources, key appointments and standards of conduct;

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    2. taking the lead where potential conflicts of interest arise;

    3. serving on the audit, remuneration, nomination and other governance committees, if invited; and

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    4. scrutinising the Company's performance in achieving agreed corporate goals and objectives, and monitoring the reporting of performance.

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    5. You shall devote such of your time, your attention and skill as may reasonably be required to the duties of your position as the Independent Non-executive Director and shall faithfully and diligently perform such functions and exercise such powers as are appropriate to your position as the Independent Non-executive Director. These will include (but not limited to) attending board meetings and general meetings of the Company and meetings of any board committee of which you become a member. During the term of your appointment, you will also be served as the Chairman of both the audit committee and remuneration committee of the Company and a member of the nomination committee of the Company.

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      Peak Sport Products Co., Limited Units 1613 & 1615, 16111 Floor, Tower Two, Lippo Centre, 89 Queensway, Hong Kong Tel, (852) 3163-1380 • Fax, (852) 3163-1381

    6. In the discharge of your duties and functions as the Independent Non-executive Director, you shall observe and comply with all reasonable directions from, and all laws applicable to and all regulations of, the Company including, without prejudice to the generality of the foregoing, all laws and regulations from time to time in force with respect to confidentiality, dealings in shares and notifications required to be made by a director to the Company and/or any other regulatory body to which the Company is subject. In addition, you shall observe and use your best endeavours to procure that the Company observes the rules and regulations of The Stock Exchange of Hong Kong Limited and the Hong Kong Codes on Takeovers and Mergers and Share Repurchases.

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    7. You shall not, either during the term of your appointment as the Independent

      NQnce1'ecuti_v_el)irector or thereaft:c _ _

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      1. use to the detriment or prejudice of the Company, its subsidiaries and its associated corporations (the "Group") or divulge or communicate to any person, any trade secret or confidential information concerning the business or affairs of the Group (except to employees or directors of the Group whose province is to know the same or to the professional advisers or agents of the Group owing a duty of confidentiality to the Group) which may have come to your knowledge; or

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        Peak Sport Products Co., Limited Units 1613 & 1615, 16111 Floor, Tower Two, Lippo Centre, 89 Queensway, Hong Kong

      Peak Sport Products Co. Ltd. published this content on 23 September 2016 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 23 September 2016 03:08:03 UTC.

      Original documenthttp://ir.peaksport.com.hk/attachment/201609231053261736586695_en.pdf

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