The Board of Directors of Li Ning Company Limited announced the changes to the composition of the Board: Mr. Chen Yue, Scott has resigned as a Non-executive Director and a member of the Remuneration Committee of the company with effect from 22 March 2018; and Mr. Wu, Jesse Jen-Wei has resigned as a Non-Executive Director of the company with effect from 22 March 2018. The Board has appointed Mr. Li Qilin, a Non-executive Director of the company, as a new member of the Remuneration Committee with effect from 22 March 2018. Mr. Chen and Mr. Wu have tendered their resignations in order to devote more time to their other commitments.