BRIEF-Li Ning Announces Formation Of Joint Venture Company

Reuters10-23

Oct 22 (Reuters) - Li Ning Co Ltd :

* TOTAL SHARE CAPITAL OF JV COMPANY SHALL BE HK$200 MILLION

* LN CO ENTERED INTO SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT WITH FOUNDER CO, HONGSHAN VENTURE, AMONG OTHERS

* AGREEMENT IN RELATION TO FORMATION OF JV CO IN BRITISH VIRGIN ISLANDS & SUBSCRIPTION OF JV SHARES BY EACH OF JV PARTIES

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