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.

LI NING COMPANY LIMITED

*$ .&0

(Incorpora/ed in the Cayman Islands with limited liability)

(Stock Code: 2331) GRANT OF SHARE OPTIONS

This announcement is made by Li Ning Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Ruie 17.06A of the Ruies (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors (the "Board") of the Company hereby announces that on 20 November 2013 (the "Grant Date"), the Board has granted in aggregate 1,750,000 options (the "Options") to an eligibie participant of the Company (the "Grantee"), subject to acceptance of the Grantee, to subscribe fora totai of 1,750,000 ordinary shares of HK$0.10 each in the capitai of the Company (the "Share(s)") pursuant to the share option scheme adopted by the Company on 5 June 2004 and amended on 15 May 2009 and 11 October 2012.
The Options shall entitle the hoider of each Option to subscribe for one Share at an exercise price of HK$6.72 per Share, which is the highest of: (a) the closing price of HK$6.72 per Share as stated in the Stock Exchange's daiiy quotations sheets on the Grant Date; (b) the average closing price of HK$6.64 per Share as stated in the Stock Exchange' s daiiy quotations sheets for the five business days immediateiy preceding the Grant Date; and (c) the nominai vaiue of HK$0.10 per Share. Options granted are valid for a period from the Grant Date to 30 September 2019.
The Grantee is not a director, chief executive or substantiai sharehoider of the Company, or an associate of any of them (as defined in the Listing Ruies).
By order of the Board

Li Ning Company Limited Li Ning

Executive Chairman

Hong Kong, 20 November 2013

As at the date of this announcement, the executive directors of the Company are M r. Li Ning, M r. Jin­ Goon Kim and Mr. Zhang Zhi Yong. The non-executive director is Mr. Chen Yue, Scott. The independent non-executive directors are Mr. Koo Fook Sun, Louis, Ms. Wang Ya Fei, Mr. Chan Chung Bun, Bunny and Mr. Su Jing Shyh, Samuel.

distributed by