Peak Sport Products : Operational Update on Business in China for the Fourth Quarter of 2015

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 f

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.

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)

OPERATIONAL UPDATE ON BUSINESS IN CHINA FOR THE FOURTH QUARTER OF 2015

This announcement is made on a voluntary basis by the board of directors (the "Board") of Peak Sport Products Co., Limited (the "Company", together with its subsidiaries, the "Group").

The Board would like to announce the following operational update on the Group's business in China:

Same store sales for the fourth quarter of 2015

The same store sales, in terms of revenue at retail level, for certain retail outlets of the Group for the fourth quarter ended 31 December 2015 recorded a mid-single-digit growth when compared to that for the same quarter in 2014.

Retail outlets at the end of 2015

As at 31 December 2015, the total number of authorized retail outlets of the Group in China amounted to 5,999 (31 December 2014: 6,004). All these retail outlets are owned and managed by independent distributors or retail outlet operators.

The Company's shareholders and potential investors should note that the above announcement is made based on unaudited operational data of the Group and this data has not been audited or reviewed by the Company's auditors.

The Company's shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Peak Sport Products Co., Limited Xu Jingnan

Chairman

Hong Kong, 18 January 2016

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.