The board of directors of Li Ning Company Limited announced the appointment of Ms. Wang Yajuan (Ms. Wang) as an Independent Non-Executive Director with effect from 21 December 2022. Ms. Wang, aged 53, is the Chief Marketing Officer of Xingyin Information Technology (Shanghai) Co. Ltd. Prior to joining Xingyin, she served as a senior vice president of Weibo from February 2014 to March 2020.

Ms. Wang has over 20 years of experience in business administration. She holds a bachelor's degree in science (Library and Information Science) and an executive master's degree in business administration from Peking University. As at 21 December 2022, the executive directors of the Company are Mr. Li Ning, Mr. Kosaka Takeshi and Mr. Li Qilin.

The independent non-executive directors of the Company are Mr. Koo Fook Sun, Louis, Ms. Wang Ya Fei, Dr. Chan Chung Bun, Bunny and Ms. Wang Yajuan.