Li Ning Company Limited board has recommended the payment of a final dividend of RMB 20.46 cents per ordinary Share issued or to be issued upon conversion of CS for the year ended 31 December 2020. The proposed dividend payment is subject to approval by the Shareholders at the 2021 AGM and is payable in Hong Kong Dollars based on the official exchange rate of Renminbi against Hong Kong Dollars as quoted by the Peoples Bank of China on 11 June 2021. Such dividend will not be subject to any withholding tax. Upon Shareholders approval, the proposed final dividend will be paid: on 29 June 2021 to ordinary Shareholders whose names shall appear on the register of members of the Company on 21 June 2021; on 29 June 2021 to holders of CS issued under the 2015 Open Offer which will remain outstanding on 21 June 2021; and on 5 July 2021 (i.e. the third business day after 29 June 2021) to holders of CS issued under the 2013 Open Offer which will remain outstanding on 21 June 2021.