To facilitate the implementation of the group’s “multi-brand” and “globalization” strategies and improve the group’s corporate governance, the board of directors of Anta Sports has decided that the roles of chairman and CEO will be performed by separate management personnel and that the management efficiency and talent development will be improved. Therefore, the board of directors has announced that the following changes in the responsibilities of the executive directors will take effect from Feb. 1, 2023:

  • Ding Shizhong will retire from the role of CEO and remain the chairman. He will continue to play a key leadership role in the group’s corporate strategy, corporate culture and operational supervision; he will hold the group’s internal audit and oversight functions and oversee mergers and initiatives.
  • Ding Shijia will continue to supervise the group’s manufacturing operations but will no longer supervise the group’s supply chain management.
  • Zheng Jie will continue to serve as an executive director and will retire from his roles as group president and the chief executive officer of Anta Sports’ Outdoor Sports Group. He will continue his role as the chief executive officer of Amer Sports and will be primarily responsible for Amer Sports-affiliated businesses.
  • Lai Shixian will be appointed Co-CEO and retire from his role as CFO. He will be responsible for the Anta brand and all other brands except the Fila brand, group procurement and several group functions, including human resources, legal, investor relations and administration.
  • Wu Yonghua will be appointed Co-CEO and will retire from his role as chief executive officer of Anta Sports’ Performance Sports Group. He will be responsible for the Fila brand, the group’s international operations and a range of group functions, including retail channel management and public relations.
  • Bi Mingwei will be appointed CFO and primarily responsible for the group’s financial management functions and a number of middle and back office functions, including business process and logistics management.

Apart from the above changes, Anta Sports said that the composition of the board of directors and the designations of the respective executive and independent non-executive directors remain unchanged.