Wisdom Sports : (1) APPOINTMENT OF EXECUTIVE DIRECTOR; (2) RETIREMENT OF DIR

(Wisdom) 401980 01/06/2017 20:41 X11 HKEX E>C

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.

智美體育集團

(Incorporated in the Cayman Islands with limited liability)

(1) APPOINTMENTOF EXECUTIVE DIRECTOR;

1. RETIREMENT OF DIRECTORS; AND
2. CHANGE OF THE AUTHORIZED REPRESENTATIVE AND MEMBERSHIP OF THE AUDIT COMMITTEE

The board of directors (the "Board") of Wisdom Sports Group (the "Company", and its subsidiaries, the "Group") is pleased to announce that Ms. Hao Bin has been appointed as an executive director of the Company with effect from 1 June 2017.

Ms. Hao Bin, aged 35, joined in the Group in December 2010 and served as the deputy general manager of the Company. Ms. Hao Bin was also appointed as Joint Company Secretary on 7 November 2016. Before this, Ms. Hao Bin engaged in works related to securities laws in a law firm in China, and held the PRC Certificate of Professional Lawyer ( 中國境內律師職業資格證 書) and the PRC Certificate of Board Secretary of Listed Companies ( 中國境內上市公司董秘證 書). Ms. Hao Bin has been working in the Group for several years. She has extensive experience in legal compliance of listed companies. Ms. Hao Bin obtained a bachelor's degree in law from Peking University in 2006, and a master's degree in civil and commercial law from China University of Political Science and Law in 2010.

Ms. Hao Bin does not have any relationship with other directors, senior management, substantial shareholders or controlling shareholders of the Company. Save as disclosed above, Ms. Hao Bin does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

(Wisdom) 401980 01/06/2017 20:41 X11 HKEX E>C

Ms. Hao Bin holds 100,000shares and 150,000 share options under the share option scheme of the Company (granted on 29 May 2015 with an exercise price of HK$8.036 per share). As at thedate of this announcement, Ms. Hao Binhas not exercised any options. Save as disclosed above and as far as theBoard is aware, Ms. Hao Binis not interested or deemed to be interested in thesharesof the Company or its associatedcorporations pursuant to Part XV ofthe Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

A service agreement has been entered into between the Company and Ms. Hao Bin for a term of three years commencing on 1 June 2017, which is subject to retirement by rotation and re-election at least once every three years in accordance with the articles of association of the Company. According to the service agreement, Ms. Hao Bin is entitled to a director's fee of HKD60,000 per year excluding a discretionary bonus, as determined with reference to her duties and responsibilities within the Company and the performance and results of the Company.

Save as disclosed above, Ms. Hao Bin has confirmedthat there are no other matters relating to her appointment that need to be brought to the attention of theshareholders of the Company and there is no other information that should be disclosed pursuant toRule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities(the "Listing Rules") on The Stock Exchange of Hong Kong Limited(the "Stock Exchange").

The Board also announces that:

1. Dr. Shen Weihas retired asan executive director of the Company with effect from 1 June 2017. Dr. Shen Wei had been an executive director of the Company since 16 May 2014. After having served on the Board throughout this period, Dr. Shen Wei had decided toretire due to the rotation requirements in accordance with thearticles ofassociation of the Company and did not offer himself for re-election as a director of the Company at the annual general meeting of the Company held on 1 June 2017. After the retirement of Dr. Shen Wei,he would cease to be the authorized representative of the Companyunder Rule 3.05 of the Listing Rules. Dr. Shen Wei will remain as the senior vice president of the Company;

2. Mr. Jin Haitaohas retired as a non-executive director of the Company with effect from 1 June 2017. Mr. Jin Haitao had been a non-executive director of the Company since 14 June 2013. After having served on the Board throughout this period, Mr. Jin Haitao had decided to retirein order to devote more time to his other business commitments and did not offer himself for re- election as a director of the Company at the annual general meeting of the Company held on 1 June 2017; and

3. Mr. Xu Jiongwei has retired as a non-executive director of the Company with effect from 1 June 2017. Mr. Xu Jiongwei had been a non-executive director of the Company since 14 June 2013. After having served on the Board throughout this period, Mr. Xu Jiongwei has decided to retire in order to devote more time to his other business commitments and did not offer himself for re-election as a director of the Company at the annual general meeting of the Company held on 1 June 2017. After the retirement of Mr. Xu Jiongwei, he would cease to be a member of the Audit Committee.

(Wisdom) 401980 01/06/2017 20:41 X11 HKEX E>C

Each of Dr. Shen Wei, Mr. Jin Haitao and Mr. Xu Jiongweihas confirmed thathe has no disagreement with the Board, and there are no matters that need to be brought to the attention of theshareholders of the Companyand the Stock Exchange in respect ofhis retirement.

The Board would like to take this opportunity to thank Dr. Shen Wei, Mr. Jin Haitao and Mr. Xu Jiongwei for their contribution to the Company during their tenure and extend the warmest welcome Ms. Hao Bin to the Board.

The Board announces that save as the aforesaid change of directors:

1. the authorized representative of the Companyunder Rule 3.05 of the Listing Rules has been changed from Dr. Shen Wei and Ms. Kam Mei Ha Wendy, the Joint Company Secretary of the Company to Ms. Hao Bin and Ms. Kam Mei Ha Wendy with effect from 1 June 2017; and

2. the composition of the Audit Committee has been changed from Mr. Wei Kevin Cheng (Chairman of the Committee), Mr. Jin Guoqiang and Mr. Xu Jiongwei to Mr. Wei Kevin Cheng (Chairman of the Committee), Mr. Jin Guoqiang and Mr. Ip Kwok On Sammy with effect from 1 June 2017.

Chairlady and Executive Director

Hong Kong, 1 June 2017

As at the date of this announcement, the executive directors of the Company are Ms. Ren Wen, Mr. Zhang Han, Mr. Song Hongfei and Ms. Hao Bin; and the independent non-executive directors of the Company are Mr. Wei Kevin Cheng, Mr. Ip Kwok On Sammy and Mr. Jin Guoqiang.