Joint venture with Aigle International S.A. - Li Ning

To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry,Aigle and its ultimate controlling shareholder(s) are third parties independent of the Company andconnected persons (as defined in the Hong Kong Listing Rules) of the Company.DEFINITIONSIn this announcement, unless the context otherwise requires, the following expressions have the followingmeanings:Term“Aigle”“Board”“Company”“Directors”“HK$”“Hong Kong”“Hong Kong Li Ning”“Hong Kong Listing Rules”“PRC”“RMB”“WFOE”MeaningAigle International S.A., a corporation organized under the laws of Francethe board of DirectorsLi Ning Company Limited whose shares are listed on The StockExchange of Hong Kong Limitedthe directors of the CompanyHong Kong Dollars, the lawful currency of Hong Kongthe Hong Kong Special Administrative Region of the PRCLi Ning Sports (Hong Kong) Company Limited, a company incorporatedin Hong Kong and an indirect wholly owned subsidiary of the Companythe Rules Governing the Listing of Securities on The Stock Exchange ofHong Kong Limitedthe People’s Republic of China which, for this announcement, excludesHong Kong, Macau and TaiwanRenminbi, the lawful currency of the PRCwholly foreign owned enterprise to be established in the PRCTranslation of RMB into HK$ is made in this announcement, for illustration purpose only, at the rate ofHK$1.00 = RMB1.065.As at the date of this announcement, the executive Directors are Mr. LI Ning, Mr. ZHANG Zhi Yong, Mr. TANWee Seng and Mr. CHEN Yi Hong; the non-executive Directors are Mr. LIM Meng Ann, Mr. StuartSCHONBERGER and Mr. FONG Ching, Eddy; and the independent non-executive Directors are Mr.KOO Fook Sun, Louis, Ms. WANG Ya Fei and Mr. CHAN Chung Bun, Bunny.Hong Kong, 30 June 20052By order of the BoardLi Ning Company LimitedLI NingChairman“Please also refer to the published version of this announcement in the South China Morning Post”