The Board of Li Ning Company Limited has recommended the payment of a final dividend of RMB 15.47 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the year ended 31 December 2019 (2018: RMB 8.78 cents). The proposed dividend payment is subject to approval by the shareholders of the Company at the forthcoming annual general meeting (AGM) to be held on 12 June 2020 and is payable in Hong Kong Dollars based on the official exchange rate of Renminbi against Hong Kong Dollars as quoted by the People's Bank of China on 12 June 2020. Such dividend will not be subject to any withholding tax. Upon shareholders' approval, the proposed final dividend will be paid: on 30 June 2020 to ordinary shareholders whose names shall appear on the register of members of the Company on 19 June 2020; on 30 June 2020 to holders of convertible securities issued under the open offer of offer securities of the Company as set out in the listing documents of the Company dated 9 January 2015 and remain outstanding on 19 June 2020; on 6 July 2020 (i.e. the third business day after 30 June 2020) to holders of convertible securities issued under the open offers of convertible securities of the Company as set out in the listing documents of the Company dated 27 March 2013 and remain outstanding on 19 June 2020.