ANTA Sports Becomes First Chinese Sportswear Company to Join Better Cotton Initiative Values Regulation on Supply Chain Executes Sustainable Development Philosophy
Hong Kong, 17 July 2019 – ANTA Sports Products Limited (“ANTA Sports” or the “Company”, stock code: 2020.HK) is pleased to announce that the Company has officially become a member of the Better Cotton Initiative (BCI), in accordance with the execution of its sustainable development philosophy. ANTA Sports is the first sportswear company in China to join BCI.
Located in Geneva, Switzerland, BCI is an international non-profit organization with a membership based on a ten-year history. As the largest sustainable cotton development project in the world, BCI has wide coverage in the global supply chain, from farmland to fashion and textile brands. The organisation aims to make cotton production better for the people who produce it, the environment it grows in and the sector’s future. At present, BCI works with 2.2 million cotton farmers globally, and it has close to 1,600 members across the world, encompassing organizations all the way from farms to fashion and textile brands, and civil society organisations, driving the cotton sector towards sustainability. ANTA will start to source cotton through the Better Cotton Initiative for product that launches in the second quarter of 2020.
Ding Shizhong, Chairman and CEO of ANTA Sports, said, “We feel honored to see ANTA Sports joining BCI and becoming the first sportswear company in China to join the organization. Being a leading sportswear company in China, ANTA Sports fully understands the importance of sustainable development. We have a close relationship with the planting environment of cotton, and the market environment of cotton farmers. Therefore, applying to enter BCI is an indication of our dedication to blending sustainable development with our daily business operations. It is because we believe that only by facilitating the industry’s sustainable development quality and standards, we can create a positive environment that favors the Company’s stable development. In the future, we will continue to maintain and develop excellent environmental, social and corporate governance standards, building a healthier and greener textile ecosystem with our upstream and downstream partners”
About ANTA Sports
ANTA brand was established in 1991, while ANTA Sports Products Limited, a leading sportswear company in China, was listed on the Main Board of Hong Kong Stock Exchange in 2007 (Stock code: 2020.HK). For many years, ANTA Sports has been principally engaging in the design, development, manufacturing and marketing of ANTA sportswear series to provide the mass market in China with professional sporting products including footwear, apparel and accessories. By embracing an all-round brand portfolio including ANTA, FILA, DESCENTE, SPRANDI, KINGKOW, and KOLON SPORT, and by setting up an investor consortium to successfully acquire Amer Sports Corporation in 2019, a Finnish sportswear group that has internationally-recognized brands including Salomon, Arc’teryx, Peak Performance, Atomic, Suunto, Wilson and Precor etc. ANTA Sports aims to unlock the potential of both the mass and high-end sportswear markets.
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For further information, please contact:
ANTA Sports Products Limited
Investor Relations Department
Tel: (852) 2116-1660
Fax: (852) 2116-1590
Citigate Dewe Rogerson
Joe Pan / Samuel Xiao
Tel: (852) 3103 0110/ (852) 3103 0128