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. ANTA Sports Products Limited 安踏體育用品有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 2020) 2020 ANNUAL RESULTS ANNOUNCEMENT The Board of Directors (the “Board”) of ANTA Sports Products Limited (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries (together referred to as the “Group”) for the year ended 31 December 2020. This announcement, containing the full text of the Annual Report 2020 of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to information to accompany preliminary announcements of annual results. The printed version of the Company’s Annual Report 2020 will be delivered to the shareholders of the Company and will be available for viewing on the websites of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and of the Company at ir.anta.com in early April 2021. REVIEW OF ANNUAL RESULTS The annual results for the year ended 31 December 2020 have been reviewed by the audit committee of the Company. The Company’s consolidated financial statements have been audited by the Company’s auditor, KPMG, which has issued an unqualified opinion. 1 Incorporated intheCaymanIslandswithlimitedliability ANTA SportsProductsLimited ANTA BEYOND FANTASTIC CONTENTS 2 Corporate Profile 3 Group Structure MISSION 5 Corporate Information To integrate the sports spirit of 6 2020 Recognitions and Awards “Going Beyond Oneself” into everyone’s daily life. 10 Financial Overview 11 Results Highlights 12 Five-Year Financial Summary 14 2020 Milestone 18 Chairman’s Statement 22 Management Discussion and Analysis To become respectable world-class, 22 - Market Review multi-brand sportswear group. 28 - Business Review 48 - Financial Review 58 - Prospects 64 Investors Information 65 Report of the Directors 79 Corporate Governance Report 104 Directors, Company Secretary and Senior Management 106 Independent Auditor’s Report 110 Consolidated Statement of Profit or Loss and Other Comprehensive Income • Consumer-centric 111 Consolidated Statement of Financial Position • Devotion 112 Consolidated Statement of Changes in Equity • Innovation and Pushing Ahead 113 Consolidated Statement of Cash Flows • Respect and Appreciation • Integrity and Gratitute 114 Notes to the Financial Statements 154 Significant Accounting Policies 169 Principal Subsidiaries 176 Glossary CORPORATE PROFILE CORPORATE INFORMATION GROUP STRUCTURE GROUP STRUCTURE ANTA brand was established in 1991, while ANTA Sports Products Limited, a leading global BOARD AUTHORIZED REPRESENTATIVES Hong Kong Branch Registrar sportswear company, was listed on the Main Board of HKEx in 2007 (Stock code: 2020.HK). Ding Shizhong Computershare Hong Kong For many years, ANTA Sports has been principally engaging in the design, development, Executive Directors Lai Shixian Investor Services Limited manufacturing and marketing of ANTA sportswear series to provide the mass market in China Ding Shizhong (Chairman) Shops 1712-1716, 17th Floor, with professional sporting products including footwear, apparel and accessories. By embracing Ding Shijia (Deputy Chairman) REGISTERED OFFICE Hopewell Centre, Lai Shixian 183 Queen’s Road East, an all-round brand portfolio including ANTA, FILA, DESCENTE and KOLON SPORT, and by setting Wu Yonghua Cayman Islands Office Wan Chai, Hong Kong up an investor consortium to successfully acquire Amer Sports Corporation in 2019, a Finnish Zheng Jie Cricket Square, Hutchins Drive, sportswear group that has internationally recognized brands including Salomon, Arc’teryx, Peak P.O. Box 2681, Grand Cayman LEGAL ADVISER Performance, Atomic, Suunto, Wilson, etc. ANTA Sports aims to unlock the potential of both the Non-Executive Director KY1-1111, Cayman Islands Morgan, Lewis & Bockius mass and highend sportswear markets. Wang Wenmo PRINCIPAL PLACE OF BUSINESS AUDITOR Independent IN HONG KONG KPMG Non-Executive Directors Certified Public Accountants Public Dai Zhongchuan Hong Kong Office Interest Entity Auditor registered Yiu Kin Wah Stephen 16/F, Manhattan Place, in accordance with the Financial Lai Hin Wing Henry Stephen 23 Wang Tai Road, Kowloon Bay, Reporting Council Ordinance Kowloon, Hong Kong Company Secretary RISK MANAGEMENT AND Tse Kin Chung HEAD OFFICES INTERNAL CONTROL IN MAINLAND CHINA REVIEW ADVISER BOARD COMMITTEES KPMG Advisory (China) Limited Jinjiang Office Audit Committee Dongshan Industrial Zone, PRINCIPAL BANKERS Yiu Kin Wah Stephen (Chairman) Chidian Town, Jinjiang City, Bank of China (Hong Kong) Limited Dai Zhongchuan Fujian Province, China Bank of China Limited Lai Hin Wing Henry Stephen Postal code: 362212 Industrial Bank Co., Ltd. Citibank, N.A. Remuneration Committee Xiamen Office Standard Chartered Bank PLC Dai Zhongchuan (Chairman) No. 99 Jiayi Road, Guanyinshan, Lai Hin Wing Henry Stephen Xiamen, Fujian Province, China Ding Shizhong Postal code: 361008 Nomination Committee SHARE REGISTRARS AND Lai Hin Wing Henry Stephen TRANSFER OFFICES (Chairman) Yiu Kin Wah Stephen Cayman Islands Lai Shixian Principal Registrar Suntera (Cayman) Limited Risk Management Committee Suite 3204, Unit 2A, Block 3, Yiu Kin Wah Stephen (Chairman) Building D, P.O. Box 1586, Dai Zhongchuan Gardenia Court, Camana Bay, Lai Shixian Grand Cayman, KY1-1100, Cayman Islands CORPORATE PROFILE CORPORATE INFORMATION GROUP STRUCTURE GROUP STRUCTURE ANTA brand was established in 1991, while ANTA Sports Products Limited, a leading global BOARD AUTHORIZED REPRESENTATIVES Hong Kong Branch Registrar sportswear company, was listed on the Main Board of HKEx in 2007 (Stock code: 2020.HK). Ding Shizhong Computershare Hong Kong For many years, ANTA Sports has been principally engaging in the design, development, Executive Directors Lai Shixian Investor Services Limited manufacturing and marketing of ANTA sportswear series to provide the mass market in China Ding Shizhong (Chairman) Shops 1712-1716, 17th Floor, with professional sporting products including footwear, apparel and accessories. By embracing Ding Shijia (Deputy Chairman) REGISTERED OFFICE Hopewell Centre, Lai Shixian 183 Queen’s Road East, an all-round brand portfolio including ANTA, FILA, DESCENTE and KOLON SPORT, and by setting Wu Yonghua Cayman Islands Office Wan Chai, Hong Kong up an investor consortium to successfully acquire Amer Sports Corporation in 2019, a Finnish Zheng Jie Cricket Square, Hutchins Drive, sportswear group that has internationally recognized brands including Salomon, Arc’teryx, Peak P.O. Box 2681, Grand Cayman LEGAL ADVISER Performance, Atomic, Suunto, Wilson, etc. ANTA Sports aims to unlock the potential of both the Non-Executive Director KY1-1111, Cayman Islands Morgan, Lewis & Bockius mass and highend sportswear markets. Wang Wenmo PRINCIPAL PLACE OF BUSINESS AUDITOR Independent IN HONG KONG KPMG Non-Executive Directors Certified Public Accountants Public Dai Zhongchuan Hong Kong Office Interest Entity Auditor registered Yiu Kin Wah Stephen 16/F, Manhattan Place, in accordance with the Financial Lai Hin Wing Henry Stephen 23 Wang Tai Road, Kowloon Bay, Reporting Council Ordinance Kowloon, Hong Kong Company Secretary RISK MANAGEMENT AND Tse Kin Chung HEAD OFFICES INTERNAL CONTROL IN MAINLAND CHINA REVIEW ADVISER BOARD COMMITTEES KPMG Advisory (China) Limited Jinjiang Office Audit Committee Dongshan Industrial Zone, PRINCIPAL BANKERS Yiu Kin Wah Stephen (Chairman) Chidian Town, Jinjiang City, Bank of China (Hong Kong) Limited Dai Zhongchuan Fujian Province, China Bank of China Limited Lai Hin Wing Henry Stephen Postal code: 362212 Industrial Bank Co., Ltd. Citibank, N.A. Remuneration Committee Xiamen Office Standard Chartered Bank PLC Dai Zhongchuan (Chairman) No. 99 Jiayi Road, Guanyinshan, Lai Hin Wing Henry Stephen Xiamen, Fujian Province, China Ding Shizhong Postal code: 361008 Nomination Committee SHARE REGISTRARS AND Lai Hin Wing Henry Stephen TRANSFER OFFICES (Chairman) Yiu Kin Wah Stephen Cayman Islands Lai Shixian Principal Registrar Suntera (Cayman) Limited Risk Management Committee Suite 3204, Unit 2A, Block 3, Yiu Kin Wah Stephen (Chairman) Building D, P.O. Box 1586, Dai Zhongchuan Gardenia Court, Camana Bay, Lai Shixian Grand Cayman, KY1-1100, Cayman Islands GROUP STRUCTURE Shine Well Anta Anda Anda 0.35% Public and International Holdings Investments others Talent Trend 50.81% 5.95% 4.27% 0.04% 38.58% ANTA Sports Products Limited (Cayman Islands) HKEX Stock Code: 2020 100% s n o i t ANTA Enterprise Origin Holding ANLLIAN ANLLIAN Sports ANTHA Sports Motive Force REEDO Sports ANDES Sports ANKO Sports ANKING Sports c i (BVI) Capital (BVI) (BVI) (BVI) (BVI) (BVI) (BVI) (BVI) d (BVI) s (BVI) i r u J 85% 85% 54% 50% r e 50% h t O AVID Sports Motive Force Fila Marketing Motive Force Full Prospect REEDO Descente China Kolon Sport Kingkow Investment SKC Group ANTA Int’l ANTA Inv Origin Investment International E-commerce (HK) Singapore (Cayman Islands) International Holding Holdings (HK) (HK) (HK) (HK) (HK) (BVI) (HK) (Singapore) (BVI) (Cayman Islands) (HK) AVID Sports Hong Kong Fila Macao (HK) (Macao) 90% ANTA Japan ANTA US ANTA Korea Full Prospect IP Speed Benefit SPRANDI