ANTA Sports Products : INSIDE INFORMATION - PLACEMENT OF EXISTING SHARES

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 does not constitute or form a part of any offer of securities for sale in the United States. The shares subject to the Placement (the "Sale Shares") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No public offering of the Sale Shares will be made in the United States.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

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)

INSIDE INFORMATION

PLACEMENT OF EXISTING SHARES

This announcement is made by ANTA Sports Products Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company has been informed by Anta International Group Holdings Limited ("Anta International") that it has entered into an agreement with Merrill Lynch (Asia Pacific) Limited, J.P. Morgan Securities (Asia Pacific) Limited and Morgan Stanley & Co. International plc for the placement of an aggregate of 88,000,000 ordinary shares of HK$0.10 each of the Company (the "Share(s)"), representing approximately 3.26% of the entire issued Shares as at the date of this announcement at a price of HK$131.48 per Share (the "Placement").

Anta International is a company incorporated in the British Virgin Islands and a controlling shareholder (as defined under the Listing Rules) of the Company directly holding approximately 50.81% of the issued Shares and indirectly holding approximately 10.23% of the issued Shares through its wholly-owned subsidiaries, Anda Holdings International Limited ("Anda Holdings") and Anda Investments Capital Limited ("Anda Investments") as at the date of this announcement. Anta International is jointly-owned by, among other shareholders, Mr. Ding Shizhong (the chairman, an executive director, the chief executive officer and a controlling shareholder of the Company), Mr. Ding Shijia and Mr. Wu Yonghua (both being executive directors and controlling shareholders of the Company), Mr. Wang Wenmo (a non-executive director and a controlling shareholder of the Company) and Ms. Ding Yali (a controlling shareholder of the Company and the spouse of Mr. Lai Shixian, an executive director and the chief financial officer of the Company).

1

The board of directors of the Company does not expect the Placement to have any significant impact on the Company's daily operations or any changes to its key management personnel.

The respective shareholdings of Anta International and its wholly-owned subsidiaries, Anda Holdings and Anda Investments, shareholders of Anta International and other shareholders in the Company (i) as at the date of this announcement immediately prior to the Placement; and (ii) immediately upon completion of the Placement are as follows:

		Number of
		Shares held as at
		the date of this				Number of
		announcement				Shares held
		immediately		Approximate		immediately		Approximate
		prior to the		% of total		upon completion		% of total
Name	Placement		issued Shares		of the Placement		issued Shares
						(Note 1)		(Note 1)
Anta International	1,373,625,000	50.81%	1,285,625,000	47.56%
Anda Holdings	160,875,000	5.95%	160,875,000	5.95%
Anda Investments	115,500,000	4.27%	115,500,000	4.27%
Shareholders of
Anta International
Shine Well (Far
East) Limited	9,446,000	0.35%	9,446,000	0.35%
Talent Trend
Investment Limited	1,000,000	0.04%	1,000,000	0.04%
Other shareholders
in the Company	1,042,883,000		38.58%		1,130,883,000		41.83%
(Note 2)
Total		2,703,329,000		100.00%		2,703,329,000		100.00%

Notes:

1. This table does not take into account, during the relevant period or time abovementioned:
2. 1. any Shares that may be issued pursuant to the exercise of any options granted under the share option scheme of the Company adopted on 6 April 2017; and
   2. any Shares that may be issued upon exercise of the conversion right attaching to the zero coupon guaranteed convertible bonds due 2025 issued by ANLLIAN Capital Limited, a wholly-owned subsidiary of the Company.
3. Including 14,321,333 Shares held by the trustee of the share award scheme of the Company adopted on 19 October 2018.

By Order of the Board

ANTA Sports Products Limited

Ding Shizhong

Chairman

Hong Kong, 20 April 2021

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. Dai Zhongchuan, Mr. Yiu Kin Wah Stephen and Mr. Lai Hin Wing Henry Stephen.

2