ANTA Sports Products : GRANT OF SHARE AWARDS PURSUANT TO THE SHARE AWARD SCHEME

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ANTA Sports Products Limited

安 踏 體 育 用 品 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2020)

GRANT OF SHARE AWARDS PURSUANT TO THE SHARE AWARD SCHEME

Reference is made to the announcement of ANTA Sports Products Limited (the "Company") dated 19 October 2018 (the "Announcement") in relation to the adoption of the share award scheme at the same date. Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

The Board is pleased to announce that on 5 November 2019, the Company has granted an aggregate of 11,170,000 Awarded Shares to 124 Selected Employees (the "Grantee") of which 1,000,000 Awarded Shares have been granted to Mr. Lai Shixian ("Mr. Lai"), an executive Director of the Company. The grant of Awarded Shares to Mr. Lai has been unanimously approved by all members of the remuneration committee of the Company and the Board (except Mr. Lai who has abstained from voting on the board resolution approving the grant of Awarded Shares to himself).

Mr. Lai, being the executive Director, is a connected person of the Company, and the grant of Awarded Shares to Mr. Lai constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. As the grant of Awarded Shares to Mr. Lai forms part of the remuneration package under his service contract with the Company, such grant is exempt from the reporting, announcement and independent shareholders' approval requirements pursuant to Rule 14A.73(6) and Rule 14A.95 of the Listing Rules.

Save as disclosed above, none of the other Grantees is a Director, chief executive or substantial shareholder of the Company, or any of their respective associates, pursuant to the Scheme.

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Details of the grant of Awarded Shares are set out below:

Date of grant	5 November 2019 (the "Date of Grant")
Number of Awarded Shares	11,170,000 Shares
granted
Closing market price of the	HK$78.05 per Share
Shares on the Date of
Grant
Vesting schedule	Subject to the fulfilment of the vesting conditions as set out in the
	grant notice to each Grantee, the Awarded Shares will be vested in five
	tranches as follows:
	(i)	20% of the Awarded Shares to be vested on 1 May 2020
	(ii)	20% of the Awarded Shares to be vested on 1 May 2021
	(iii) 20% of the Awarded Shares to be vested on 1 May 2022
	(iv) 20% of the Awarded Shares to be vested on 1 May 2023
	(v)	20% of the Awarded Shares to be vested on 1 May 2024
Percentage of the Awarded	Approximately 0.41%
Shares to the total number
of Shares in issue as at the
date of this announcement

Subject to the Scheme Rules and the fulfilment of the vesting conditions as set out in the grant notice to each Grantee, the Awarded Shares held by the Trustee shall vest in the respective Grantee, and the Trustee shall cause the Awarded Shares to be transferred to such Grantee on the Vesting Date (or as soon as practicable after the Vesting Date), or the Trustee shall effect the sale of such Awarded Shares at the prevailing market price on the Stock Exchange on behalf of the Grantee and transfer the sale proceeds from the vested Awarded Shares (after deduction of applicable tax and other expenses) to the Grantee on the Vesting Date (or as soon as practicable after the Vesting Date), in accordance with the terms of the Scheme Rules and the Trust Deed.

By Order of the Board

ANTA Sports Products Limited

Ding Shizhong

Chairman

Hong Kong, 5 November 2019

As at the date of this announcement, the executive directors of the Company are Mr. Ding Shizhong, Mr. Ding Shijia, Mr. Lai Shixian, Mr. Wu Yonghua and Mr. Zheng Jie; the non-executive director of the Company is Mr. Wang Wenmo; and the independent non-executive directors of the Company are Mr. Yiu Kin Wah Stephen, Mr. Mei Ming Zhi and Mr. Dai Zhongchuan.

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