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

李寧有限公司

(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 Rule 17.06A of the Rules (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 15 April 2019 (the "Grant Date"), the Board granted an aggregate 407,400 options (the "Options") to management staff of the Company (the "Grantee"), subject to acceptance of the Grantee, to subscribe for a total of 407,400 ordinary shares of HK$0.10 each in the capital of the Company (the "Shares") pursuant to the 2014 share option scheme adopted by the Company on 30 May 2014.

Each Option shall entitle the holder of the Option to subscribe for one Share at an exercise price of HK$13.36 per Share, which is the highest of: (a) the closing price of HK$13.36 per Share as stated in the Stock Exchange's daily quotations sheets on the Grant Date; (b) the average closing price of HK$13.13 per Share as stated in the Stock Exchange's daily quotations sheets for the five business days immediately preceding the Grant Date; and (c) the nominal value of HK$0.10 per Share. Options granted are valid for a period from the Grant Date to 31 December 2024.

None of the Grantee is a director, chief executive or substantial shareholder (as defined in the Listing Rules) of the Company, or an associate (as defined in the Listing Rules) of any of them.

By order of the Board

Li Ning Company Limited

Li Ning

Executive Chairman

and Interim Chief Executive Officer

Hong Kong, 15 April 2019

As at the date of this announcement, the executive directors of the Company are Mr. Li Ning 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 Mr. Su Jing Shyh, Samuel.

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Li Ning Company Limited published this content on 15 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 April 2019 09:32:04 UTC