ANTA Sports Products : VOLUNTARY ANNOUNCEMENT APPROVAL OF REGISTRATION OF MEDIUM TERM NOTES AND SUPER SHORT-TERM COMMERCIAL PAPERS AT THE NATIONAL ASSOCIATION OF FINANCIAL MARKET INSTITUTIONAL INVESTORS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

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)

VOLUNTARY ANNOUNCEMENT

APPROVAL OF REGISTRATION OF

MEDIUM TERM NOTES AND

SUPER SHORT-TERM COMMERCIAL PAPERS

AT THE NATIONAL ASSOCIATION OF FINANCIAL MARKET

INSTITUTIONAL INVESTORS

This announcement is published on a voluntary basis by the board of directors (the "Board") of ANTA Sports Products Limited (the "Company", together with its subsidiaries the "Group").

The Board is pleased to announce that the Company has received from the National Association of Financial Market Institutional Investors (the "Association"):

1. the application approval notice (reference number: zhong shi xie zhu [2020] MTN869) dated 5 August 2020 in relation to the proposed issue (the "MTN Issue") of interest-bearing medium term notes (the "MTN") in an aggregate principal amount of up to RMB8,000,000,000 and with a tenor of up to 5 years; and
2. the application approval notice (reference number: zhong shi xie zhu [2020] SCP472) dated 5 August 2020 in relation to the proposed issue (the "SCP Issue") of interest-bearing super short- term commercial papers (the "SCP") in an aggregate principal amount of up to
   RMB4,000,000,000 and with a tenor of up to 270 days.

The Company has been informed that each of the MTN Issue and the SCP Issue has been duly registered at the Association, with a validity period of two years from the date of the abovementioned respective approval notice, during which the Company may issue the MTN and the SCP in multiple tranches.

Each of the Company and the MTN has received a credit rating of "AAA" from a credit rating agency, 上海新世紀資信評估投資服務有限公司(Shanghai Brilliance Credit Rating & Investors Services Co., Ltd.*).

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The Company will commence marketing of the MTN and the SCP depending on the market conditions, and will determine the coupon rate of the MTN and the SCP after consultation with the lead underwriter and joint lead underwriters after book-building.

The proceeds from the MTN Issue and the SCP Issue are intended to be used, including but not limited to, for repayment of borrowings and as general working capital of the Group. The Board believes that participating in the China bond market will diversify funding channels of the Group, and will optimise the Group's debt structure.

The final offering circulars in respect of the MTN Issue and the SCP Issue, and other disclosure documents will be published on the websites of the Association (http://zhuce.nafmii.org.cn), China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com) respectively upon issue.

Shareholders and potential investors of the Company are reminded that the MTN Issue and/or SCP Issue may or may not proceed and advised to exercise caution when dealing in or investing in the shares of the Company.

By order of the Board

ANTA Sports Products Limited

Ding Shizhong

Chairman

Hong Kong, 7 August 2020

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.

* For identification purpose only

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