The Group’s assets, liabilities, capital expenditure and operations during the six months ended 30 June 2008 and 2007
were primarily located in the PRC. No geographical segment analysis is presented as less than 5% of the Group’s
revenue and contribution to operating profit is attributable to markets outside the PRC.

CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT

For the six months ended 30 June 2008(Unaudited)

Six months ended 30 June
                                                                               2008                           2007
                                                         Note           RMB’000                 RMB’000

Revenue                                              3              3,060,768                  1,909,431
Cost of sales                                      7              (1,578,574)                (978,998)

Gross profit                                                            1,482,194                   930,433
Distribution costs                               7                (898,410)                  (546,128)
Administrative expenses                   7                  (191,257)                  (148,159)
Other income                                       6                     60,029                      30,466

Operating profit                                                          452,556                        266,612
Finance income                                   8                     9,772                               5,409
Finance costs                                       8                      (15,147)                          (5,481)

Profit before income tax                                                  447,181                       266,540
Income tax expense                             9                          (113,449)                       (67,876)
Profit for the period                                                         333,732                          198,664

Attributable to:
— equity holders of the Company                             333,732                            198,273
— minority interests                                                          –                                          391
                                                                                         333,732                             198,664
Earnings per share for profit attributable to
equity holders of the Company (RMB cents)
— basic                                                                10         32.24                              19.21
— diluted                                                              10           31.75                             18.91

Dividend declared                                             11               100,071                      59,519

Revenue

For the six months ended 30 June 2008, the Group’s revenue continued to grow rapidly, reaching
RMB3,060,768,000 and representing a growth of 60.3% as compared to the corresponding period last
year.
Breakdown of revenue by brand and product category
                                                                      Six months ended 30 June
                                                                      2008                 2007 Revenue
                                                                                                                              
                                           RMB’000         %        RMB’000         %       growth  rate (%)

LI-NING brand
Footwear                           1,385,329         45.3         761,569           39.9            81.9
Apparel                           1,448,690          47.3         993,643            52.0           45.8
Accessories                   168,402              5.5           119,958             6.3             40.4
Total                               3,002,421           98.1       1,875,170       98.2               60.1

Other brands
Footwear                    18,973                 0.6            11,967               0.6                58.5
Apparel                        37,358                  1.2           20,621              1.1                 81.2
Accessories            2,016                       0.1           1,673                  0.1              20.5
Total                           58,347                  1.9               34,261            1.8                70.3

Overall
Footwear                1,404,302              45.9            773,536           40.5              81.5
Apparel                 1,486,048                48.5             1,014,264          53.1         46.5
Accessories        170,418                   5.6                 121,631          6.4                40.1
Total                       3,060,768             100.0               1,909,431        100.0        60.3

* Including Z-DO brand and AIGLE brand