The board of directors of Xtep International Holdings Limited together with its subsidiaries announced that Dr. Bao Mingxiao has been appointed as an independent non-executive director of the company with effect from December 21, 2012. Dr. Bao Mingxiao, aged 50, has over 20 years of experience in physical education. Dr. Bao was a professor in physical education theory at Capital Institute of Physical Education during the period in 1998 to 2000.

He has been a researcher and the chairman of the Research Center of Physical Education Sociology and Science at the Research Institute of Physical Education and Science of the General Administration of Sport of China since 2001. In 2011, Dr. Bao was appointed as deputy chairman of the Second Sport Committee of China Sport Science Society .