The board of directors of ANTA Sports Products Limited announced that Mr. Yeung Chi Tat has tendered his resignation as an independent non-executive director, the chairman of both audit committee and risk management committee, and a member of nomination committee of the company with effect from 1 June 2018. Subsequent to Mr. Yeung's resignation, Mr. Yeung will join the Group as a vice president and will be responsible for overall risk management and internal control af airs, internal audit matters and other relevant matters as assigned by the Company from time to time. The Board announced that Mr. Yiu Kin Wah Stephen has been appointed as an independent non-executive director, the chairman of both audit committee and risk management committee, and a member of nomination committee of the company with effect from 1 June 2018.

Mr. Yiu is currently a non-executive director of the Insurance Authority and a council member of The Hong Kong University of Science and Technology. Mr. Yiu is an independent non-executive director of Hong Kong Exchanges and Clearing Limited and China Mobile Limited, both of which are listed on the Stock Exchange. Mr. Yiu joined the global accounting firm KPMG in Hong Kong in 1983 and was seconded to KPMG in London, the United Kingdom from 1987 to 1989.

Mr. Yiu became a partner of KPMG in 1994, served as the partner in charge of audit of KPMG from 2007 to 2010, and served as the chairman and chief executive officer of KPMG China and Hong Kong as well as a member of the executive committee and the board of KPMG International and KPMG Asia Pacific from April 2011 to March 2015. Mr. Yiu formerly also served as a member of the Audit Profession Reform Advisory Committee and the Mainland Affairs Committee of the Hong Kong Institute of Certified Public Accountants. Mr. Yiu is appointed by way of a letter of appointment with a term of 3 years.

Pursuant to the Company's articles of association, his appointment is subject to retirement by rotation and will be eligible for re-election at the following general meeting of the Company. Mr. Yiu will be entitled to an annual director's fee of HKD 800,000 which is subject to review of the Board regularly with reference to his duties and responsibilities and the prevailing market conditions. The company announces that with effect from 1 June 2018, Mr. Lai Shixian ("Mr. Lai"), an executive director and the chief operating officer of the company, will also be appointed as the chief financial officer of the company, and will be responsible for the financial management and other relevant matters as assigned by the company from time to time.