Peak Sport Products : Shareholders Approve Privatisation

For Immediate Release 19 October, 2016

Peak Sport Products Co., Limited Peak Sport's Shareholders Approve Privatisation

(19 October 2016, Hong Kong) Peak Sport Products Co., Limited ("Peak" or the "Company" and its subsidiaries, together called the "Group" or "We", Stock Code: 1968.HK) today announced that at the Court Meeting and Extraordinary General Meeting held today, shareholders voted to approve the proposed privatisation of the Company by way of a scheme of the arrangement ("Scheme"). The effectiveness of the Scheme is subject to the fulfillment of various other conditions including obtaining approval from the Grand Court of the Cayman Islands. Upon fulfillment of all remaining conditions, the Company's listing status on the Main Board of the Stock Exchange of Hong Kong Limited is expected to be withdrawn at 4:00 p.m. on Wednesday, 2 November 2016 (Hong Kong time).

Mr. Zhihua Xu, CEO and Executive Director of Peak, commented, "Peak's privatisation was proposed after careful consideration. We believe that the privatisation will allow the Company to more effectively integrate resources, seize development opportunities, address industry challenges and promote the long-term growth of the Company. I would like to thank our shareholders for their continued support and trust."

Unless otherwise specified, all terms used in this press release carry the same meaning as defined in the Circular issued by the Group dated 23 September 2016. For details, please refer to the Circular.

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About Peak Sport Products Co., Limited

Peak Sport Products Co., Limited (Stock Code: 1968.HK) is a leading branded sportswear company in China and obtained its listing on the Main Board of the Hong Kong Stock Exchange on 29 September 2009. The Group is primarily engaged in designing, developing, manufacturing, distributing and marketing sports products (including footwear, apparel and accessories) under the "PEAK" brand. As at 30 June 2015, the number of Peak's retail outlets reached 6,001 in China. The Group's products are exported to over 70 countries and regions. Peak executes a focused international branding strategy. The Group has been maintaining long-term cooperative relationships with various internationally renowned athletes and tournament organizers such as Fédération Internationale de Basketball (FIBA) and Women's Tennis Association (WTA).

This press release is distributed by Christensen China Limited on behalf of Peak Sport Products Co., Limited.

For details, please contact:

Peak Sport Products Co., Limited

Investor Relations

Tel: [phone] 或 0595 2802 9719

Email: [e-mail]

Christensen China Limited

Ms. Jung Chang/Ms. Vivian Wang Tel：[phone]

Email：[e-mail] / [e-mail]