The board of directors of Li Ning Company Limited announced the following changes in the composition of the remuneration committee of the Board with effect from 12 June 2024: Ms. Wang Yajuan, an independent non-executive director of the Company, has been appointed as a member of the Remuneration Committee; and Mr. Li Qilin, an executive director of the Company, has ceased to be a member of the Remuneration Committee but will remain as an executive director of the Company. Following the above changes, the Remuneration Committee continues to be chaired by Ms. Wang Ya Fei, an independent non-executive director of the Company, and comprises a majority of independent non-executive directors of the Company.