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LI NING COMPANY LIMITED

*$ 0-PJ

(Incorporated 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 4 Aprii 2014 (the "Grant Date"), the Board has granted in aggregate 754,440 options (the "Options") to the senior management staff of the Company (the "Grantees"), subject to acceptance of the Grantees, to subscribe fora totai of 754,440 ordinary shares of HK$0.10 each in the capitai of the Company (the "Shares") 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 Grantees include 5 senior management staff.
Each Option shall entitle the hoider of the Option to subscribe for one Share at an exercise price of HK$5.10 per Share, which is the highest of: (a) the closing price of HK$4.90 per Share as stated in the Stock Exchange's daiiy quotations sheets on the Grant Date; (b) the average closing price of HK$5.1O per Share as stated in the Stock Exchange' s daily 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 31 December 2020.
None of the Grantees is a director, chief executive or substantiai shareholder (as defined in the
Listing Rules) of the Company, or an associate (as defined in the Listing Ruies) of any of them.
By order of the Board
Li Ning Company Limited
Li Ning

Executive Chairman

Hong Kong, 4 Aprii 2014

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.

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