On August 27, Ding Shizhong, chairman of the board of directors of Anta Group, issued a letter to shareholders. In his letter, Ding Shizhong said that Anta Group will never pursue short-term interests. Since Anta was listed in Hong Kong in 2007, the stock value has increased nearly 20 times from the initial HK$5.28 to today. In terms of mergers and acquisitions, the acquisition of Wolf Claw was completed in the first half of this year. Ding Shizhong said that a joint management team has been formed and a 3-5 year recovery plan will be formulated within this year. Additionally, Anta Group will invest in MUSINSA China and hold 40% of the shares. “This is not a departure from the main track, but rather a better fit for young consumer trends.” Ding Shizhong explained.

On August 27, Ding Shizhong, chairman of the board of directors of Anta Group, issued a letter to shareholders. In his letter, Ding Shizhong said that Anta Group will never pursue short-term interests. Since Anta was listed in Hong Kong in 2007, the stock value has increased nearly 20 times from the initial HK$5.28 to today. In terms of mergers and acquisitions, the acquisition of Wolf Claw was completed in the first half of this year. Ding Shizhong said that a joint management team has been formed and a 3-5 year recovery plan will be formulated within this year. Additionally, Anta Group will invest in MUSINSA China and hold 40% of the shares. “This is not a departure from the main track, but rather a better fit for young consumer trends.” Ding Shizhong explained.