Peak Sport Products : Notice of Court Meeting

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PEAK SPORT PRODUCTS CO., LIMITED

匹 克 體 育 用 品 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1968) IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION

Cause No. 126 of 2016 (CQJ)

IN THE MATTER OF SECTIONS 15 AND 86 OF THE COMPANIES LAW (2013 REVISION) AND IN THE MATTER OF THE GRAND COURT RULE, ORDER 102 AND IN THE MATTER OF PEAK SPORT PRODUCTS CO., LIMITED NOTICE OF COURT MEETING NOTICE IS HEREBY GIVEN that, by an order dated 12 September 2016 (the "Order") made in the above matter, the Grand Court of the Cayman Islands (the "Court") has directed a meeting (the "Court Meeting") to be convened of the Scheme Shareholders (as defined in the Scheme of Arrangement hereinafter mentioned) for the purpose of considering and, if thought fit, approving, with or without modifications, a scheme of arrangement (the "Scheme of Arrangement") proposed to be made between Peak Sport Products Co., Limited (the "Company") and the Scheme Shareholders and that the Court Meeting will be held at Rooms 1 & 2, United Conference Centre, 10/F, United Centre, 95 Queensway, Hong Kong on Wednesday, 19 October 2016 at 3:00 p.m. at which place and time all Scheme Shareholders are requested to attend.

A copy of the Scheme of Arrangement and a copy of an explanatory memorandum explaining the effect of the Scheme of Arrangement are incorporated in the composite scheme document of which this Notice forms part. A copy of the composite scheme document can also be obtained by the Scheme Shareholders from the Hong Kong branch share registrar of the Company, Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong.

Scheme Shareholders may vote in person at the Court Meeting or they may appoint another person (who must be an individual), whether a member of the Company or not, to attend and vote in their stead. A form of proxy for use at the Court Meeting is enclosed with the composite scheme document dated 23 September 2016 despatched to members of the Company on 23 September 2016.

In the case of joint holders of a share, any one of such persons may vote at the Court Meeting, either personally or by proxy, in respect of such share as if he were solely entitled thereto. However, if more than one of such joint holders be present at the Court Meeting personally or by proxy, that one of the said persons so present being the most or, as the case may be, the more senior shall alone be entitled to vote in respect of the relevant joint holding. For this purpose, seniority shall be determined by reference to the order in which the names of the joint holders stand on the register of members of the Company in respect of such joint holding, the first named member being the senior.

It is requested that forms appointing proxies be deposited at the Hong Kong branch share registrar of the Company in Hong Kong at Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 3:00 p.m. on Monday, 17 October 2016, but if forms are not so lodged they may be handed to the chairman of the Court Meeting at the Court Meeting.

By the Order, the Court has appointed Zhu Haibin, a director of the Company, or failing him, Feng Lisheng, also a director of the Company, or failing him any other person who is a director of the Company as at the date of the Order, to act as the chairman of the Court Meeting and has directed the chairman of the Court Meeting to report the results of the Court Meeting to the Court.

The Scheme of Arrangement will be subject to a subsequent application seeking the sanction of the Court.

By Order of the Court

Peak Sport Products Co., Limited

Dated 23 September 2016

Registered Office Cricket Square Hutchins Drive

P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands

Principal Place of Business in Hong Kong

Units 1613 & 1615, 16th Floor Tower Two, Lippo Centre

89 Queensway Hong Kong

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Xu Jingnan, Mr. Xu Zhihua and Mr. Xu Zhida; one non-executive director, namely Ms. Wu Tigao; and three independent non-executive directors, namely Dr. Xiang Bing, Mr. Feng Lisheng and Mr. Zhu Haibin.